CAFR 2016

Table IX

Direct and Overlapping Property Tax Rates Fiscal Years Ended June 30, 2007-2016

Guilford County

City of Greensboro General Levy

College

Fiscal Year Ended

Housing Economic Partnership Development

Hill

Aycock Historic District

Business

Total Direct

General

Transit

Historic District

Improvement

Combined Tax Rate

County-Wide Direct Rate

Fund

Fund

Fund

Fund

District

Rate (a)

2007

$.5800

$.0350

$

$

$.0500

$.0500

$.0900

$.5989

$.6615

$1.2604

2008

.6000

.0350

.0500

.0500

.0900

.6183

.6914

1.3097

2009

.6000

.0350

.0500

.0500

.0900

.6190

.7374

1.3564

2010

.6000

.0350

.0500

.0500

.0900

.6185

.7374

1.3559

2011

.5905

.0350

.0070

.0500

.0500

.0900

.6156

.7374

1.3530

2012

.5918

.0337

.0070

.0100

.0500

.0900

.6155

.7824

1.3979

2013

.5897

.0334

.0069

.0025

.0100

.0500

.0800

.6129

.7804

1.3933

2014

.5872

.0334

.0069

.0050

.0100

.0500

.0800

.6141

.7700

1.3945

2015

.5872

.0334

.0069

.0050

.0100

.0500

.0800

.6121

.7700

1.3821

2016

.5872

.0334

.0069

.0050

.0100

.0500

.0800

.6141

.7600

1.3741

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. Total direct tax rate is a weighted average rate of all types of City of Greensboro tax rates based on the applicable portion of the taxable property being assessed. Guilford County rate is a direct rate. 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 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 $940,824 for 2016. In FY 2015, Guilford County reduced their discount to 0.50%. January 6

Calculation (a):

Due Date for Current Taxes:

Date Taxes Become Delinquent:

Penalty for Delinquent Taxes:

Discounts Allowed:

Procedures for Collecting

Garnishment, levy, attachment and foreclosure.

Delinquent Taxes:

Sources: City of Greensboro Adopted Budget Guilford County Adopted Budget

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