Latest Post

Amazon Father’s Day Offer: – Save up to 50% on last-minute gifts Abandoned campfire probably the cause of forest fire in Colorado

The Gaston County Board of Commissioners adopted a $420 million budget for fiscal year 2025 that includes a 1.1 cent property tax cut.

The General Fund, with a gross budget of $340 million, represents a 5% increase over the fiscal year 2024 budget.

The property tax will be reduced by 59.9 cents per $100 of assessed value. The reduction comes just over a year after a reassessment that significantly increased the value of homes in Gaston County. Last year, in response to the reassessment, the Board of Commissioners reduced the tax rate by 20 cents, to 61 cents per $100 of assessed value.

Despite the tax cut, property taxes are the largest projected source of revenue for the county’s general fund, raising $200 million for fiscal year 2025. That amount is based on an estimated estimate of $34.3 billion, a 4% increase over fiscal year 2024, according to the county.

Commissioner Ronnie Worley was the only one opposed to the fiscal year 2025 budget, saying that lowering the tax rate by another 1.1 cents would make only a small difference in property tax bills and that the county is doing so at the expense of teachers.

The budget included $500,000 in school funds that could be used for teacher subsidies, but Worley felt it should be more.

“I am also a county taxpayer and of course I would like to pay less taxes, but I believe we are doing this at the expense of our teachers,” he said.

Leave a Reply

Your email address will not be published. Required fields are marked *