property tax

25 Jun

Asheboro budget won’t increase property tax

Ryan HenkelNewsAsheboro, Asheboro City Council, property tax, taxes

Water and sewer rates to go up ASHEBORO — The Asheboro City Council has been presented a budget that doesn't recommend a property tax increase. At the board's June meeting, the 2024-25 annual operating budget was set to total $71.5 million. That keeps the tax rate even at $0.71 per $100 valuation. A large portion of the budget — just under $22 million — is set aside for public safety, with Asheboro police getting a $13 million allocation and firefighters nearly $8 million. The budget also includes a 2.5% cost-of-living increase for city employees, funding to implement seven new employees…

19 Jul

Randolph County residents take advantage of property tax discount

Bob SuttonNewsdiscount, property tax, randolph county

ASHEBORO — More than two-thirds of Randolph County property owners benefited from a discount for paying their tax bills early during the past fiscal year. That report from county tax collector Debra Hill came during the first July meeting of county commissioners. “Our citizens do take advantage of this 2 percent discount,” she said. Hill’s numbers show that 68.96 percent of taxpayers took advantage of the discounts. That resulted in a total savings of $1,460,236 for residents on those tax bills. For the fiscal year that just concluded, there were $738,748.83 in delinquent taxes. Hill said Randolph County’s 99.25-percent collection…