TITLE
Title
MUNICIPAL TAX COLLECTION INTERLOCAL AGREEMENTS WITH ARCHDALE, BURLINGTON, GIBSONVILLE, GREENSBORO, HIGH POINT, JAMESTOWN, KERNERSVILLE, OAK RIDGE, PLEASANT GARDEN, SEDALIA, SUMMERFIELD AND WHITSETT
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SPONSOR
Sponsor
Ben Chavis, Tax Director
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BACKGROUND
Background
On January 4, 2023, the Board of Commissioners received a status update on the tax collection rate for local municipalities. Guilford County's current Inter local Agreement (ILA) rate for collection is 0.62%, and has been in place for 13 years. The current contracts are up for renewal and upon assessment of the County's cost to collect and value added through the County's use of Pictometry Imagery, four year reappraisal schedule, the County's addition of 5 new positions to aid in collection, and the increasing costs of the departmental budget since the rates were first set, along with a review of the jurisdictional taxable values showing increases between 2017 and 2022 for the tax base, it is staff's recommendation that an increase in ILA rates to .75% and a five (5) year extension of agreements are warranted at this time. See attached price consideration table.
Option 1 Option 2 Option 3
Jurisdiction Maintain Rate Rate to Rate to
0.62% 0.75% 1.00%
Archdale 730 883 1,177
Burlington 7,684 9,296 12,394
Greensboro 1,336,895 1,617,212 2,156,283
Gibsonville 14,254 17,242 22,990
High Point 433,324 524,183 698,910
Jamestown 17,112 20,700 27,600
Kernersville 13,855 16,760 22,346
Oak Ridge 6,358 7,691 10,255
Pleasant Garden 2,444 2,957 3,943
Sedalia 1,041 1,259 1,679
Summerfield 3,120 3,775 5,033
Whitsett 660 798 1,064
Total $1,837,477 $2,222,756 $2,963,674
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BUDGET IMPACT
Budget Impact
REVENUE CONTRACT - NO ADDITIONAL COUNTY DOLLARS
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REQUESTED ACTION
Requested Action
Approve amendments to inter-local tax collection agreements with the above-identified municipalities, in substantial form as attached, extending them for five (5) years from July 1, 2...
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