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News Review
Greensboro Ranks Third Among Large NC Cities in Affordability
Posted Date: 12/22/2017 1:30 PM
Among the five largest cities in North Carolina, Greensboro ranks in the middle of the comparison for homeowner costs when combining county and city property taxes and fees. The ranking comes as part of the City of Greensboro Budget and Evaluation Department’s annual comparison of property tax rates and major user fees.

When comparing Greensboro to Charlotte, Raleigh, Winston-Salem and Durham, the Gate City ranks third with a combined city and county taxes and fees that average $2,596 (based on an assessed property value of $150,000). The highest was Charlotte at $2,779, followed by Durham at $2,757. Raleigh ($2,576) and Winston-Salem ($2,538) ranked first and second.

Key findings of the report:
  • Greensboro ranks in the middle of the comparison cities for homeowner costs when combining county and city property taxes and fees.
  • The combined property tax rate for Greensboro and Guilford County decreased by 2.82 percent between FY 2013-14 and FY 2017-18.
  • When reviewing city-only property taxes and fees, Greensboro has the second lowest homeowner costs for core city services.
  • Greensboro has the lowest user fees of the comparison cities.
  • User fees account for a smaller percentage of homeowner costs, for core city services, in Greensboro than in other cities.
  • Community priorities affect the type and standards of service supported by a city.

The annual report compiled by the City compares total household costs of government, including municipal taxes, water and sewer charges, stormwater charges and other user fees. County taxes are overlaid for a representative household in Greensboro and other peer cities in the state.

The report is available online.