In FY01, the City achieved the following:

  • Maintained the fourth lowest property tax rate among NC's 10 largest cities with a population more than 100,000, Charlotte has the largest population and the third lowest property tax rate.
  • Held the portion of total City revenues generated by property tax revenue to only 16.3% in the FY02 budget, a decrease from 18.5% in FY01 and 22% in FY00.
  • Subjected $17.8 million worth of City-provided services to competition or privatization.  Projects competed in FY00 and FY01 resulted in more than $2.5 million in annual savings.
  • Maintained a AAA credit rating - the highest possible - for general obligation bonds.  The City has maintained this rating for nearly 28 consecutive years from the Moody's rating agency and 25 consecutive years from Standard and Poor's.
  • Annexed 16.78 square miles into the city limits, adding another 22,301 residents.  The total real and personal property value of annexed parcels is nearly $1.4 billion.
  • Recovered $627,000 by pursuing reimbursements from individuals in accidents involving City vehicles for which the City was not at fault.
  • Implemented a new water rate structure that encourages conservation by charging higher water rates for higher water usage.
  • Held residential water and sewer rates to among the lowest 20% of the 20 largest cities nationwide.
  • Kept the cost of garbage collection 60% lower than the average of 13 other North Carolina cities. Charlotte spends $37 to collect each ton of garbage compared to a statewide average of $93.  Similarly, at $800 the cost per Fire Department response was nearly half the statewide average of $1,458.

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The City continues to face a number of challenges in this area, including:

  • Containing skyrocketing health care costs while offering competitive quality coverage for employees.
  • Coping with the impact of State budgetary actions and with the effects of Mecklenburg County's tax increase.

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FY2002 Combined NC City and County Property Tax Rates
Rates per $100 valuation




Total Tax

Winston Salem $0.385

Forsyth $0.564


Raleigh $0.460

Wake $0.652


Charlotte $0.467

Mecklenburg $0.840


Durham $0.542

Durham $0.729


Greensboro $0.608

Guilford $0.637


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