Thursday, June 13, 2013

Does Tax Rate Effect Commercial Real Estate Investment in Gastonia?

A complex issue for sure but the following chart would seem to provide an overwhelming idea of THE PRIME FACTOR

The Rates Themselves

Charlotte 0.4687 1.28
Concord 0.48 1.18
Cornelius 0.24 1.06
Davidson 0.35 1.17
Gastonia0.531.42
Hickory 0.5 1.03
Huntersville 0.2825 1.1
Matthews 0.3225 1.38
Mint Hill 0.27 1.09
Monroe 0.555 1.22
Raleigh 0.38 0.92
Cabarrus 0.7
Catawba 0.53
Iredell 0.485
Lincoln 0.598
Mecklenburg 0.8157
Gaston0.889
Union 0.66
Wake 0.534
Asheville 0.95
Wilmington 1
Winston Salem 1.25

Being NUMBER ONE on this list is a problem not an acheivement.Our Commissioners have a choice tonight with their Budget votes between the vicious cycle of raising the tax rate on ever fewer payors or taking a long hard look at how other counties are making do with a lessor rate with the idea of expanding the number of tax payors.