COG Comprehensive Annual Financial Report

Table IX

Direct and Overlapping Property Tax Rates Fiscal Years Ended June 30, 2009-2018

City of Greensboro Direct Rates

Overlapping Rates

Special Tax Districts

Fiscal Year Ended

Housing

Economic

Total Direct Rate

College Hill

Dunleath Historic

Business

General Fund

Transit

Partnership Development

Historic District

Improvement

Guilford County

Fund

Fund

Fund

District

District

2009

$.6000

$.0350

$

$

$.6350

$.0500

$.0500

$.0900

$.7374

2010

.6000

.0350

.6350

.0500

.0500

.0900

.7374

2011

.5905

.0350

.0070

.6325

.0500

.0500

.0900

.7374

2012

.5918

.0337

.0070

.6325

.0100

.0500

.0900

.7824

2013

.5897

.0334

.0069

.0025

.6325

.0100

.0500

.0800

.7804

2014

.5872

.0334

.0069

.0050

.6325

.0100

.0500

.0800

.7700

2015

.5872

.0334

.0069

.0050

.6325

.0100

.0500

.0800

.7700

2016

.5872

.0334

.0069

.0050

.6325

.0100

.0500

.0800

.7600

2017

.5856

.0350

.0069

.0050

.6325

.0100

.0500

.0800

.7550

2018

.5856

.0350

.0069

.0050

.6325

.0100

.0500

.0800

.7305

Tax Rate Limits:

The Property Tax Rate for units of local government is limited to a combined rate of $1.50 per $100 of assessed value of property subject to taxation. This limit may be raised if approved by voter referendum. No limit is imposed on debt service. September 1, other than taxes on motor vehicles which become due when vehicles are registered (per staggered monthly registration system). On July 1, 2013, the statewide Tag and Tax Together system began. This requires the taxpayer to pay property tax on a motor vehicle at the point of registration or to pay within sixty days if the vehicle is purchased from a registered dealer. On or after January 6, and before February 1, interest at the rate of 2% is added to the tax. On or after February 1, in addition to the 2%, interest at the rate of 3/4% per month shall be added to the tax. City of Greensboro - 1% of the tax levy for ad valorem tax paid prior to September 1. The Discount amounted to $1,019,642.61 for 2018. In FY 2015, Guilford County reduced their discount to 0.50%. January 6

Due Date for Current Taxes:

Date Taxes Become Delinquent:

Penalty for Delinquent Taxes:

Discounts Allowed:

Procedures for Collecting Delinquent Taxes:

Garnishment, levy, attachment and foreclosure.

Sources: City of Greensboro Adopted Budget Guilford County Adopted Budget

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