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Belmont Adopts 4-Cent Tax Increase for 2018-19 Budget
Belmont City Council unanimously approved a $0.04 property tax hike raising the rate to 51.5 cents per $100 of valuation for the 2018 19 fiscal year. A $100 000 home would pay $515 in city taxes, up $40, with county taxes also due. The mayor says the extra revenue funds capital projects, park improvements, street paving, police vehicles, and staff pay and equipment. Projected general fund adds about $515 000 for salaries, benefits, and operations. The measure follows growth projections, upcoming revaluations in 2019, and anticipated new housing developments, with property values expected to rise about 10 percent annually.
MENTIONED IN THIS ARTICLE
Belmont
Adrian Miller
Stowe Park
Miller
Gaston County
Jimmy Tanner
Belmont City
ABC Liquor
Wilkinson Boulevard
Main Street
ABC Board