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Legislation Details
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File #:
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2024-125
Version:
1
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Name:
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Type:
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Contract
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Status:
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Passed
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On agenda:
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2/1/2024
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Final action:
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2/1/2024
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Title:
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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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Attachments:
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1. Price Considerations ILA Tax Collections, 2. City of Archdale 90006140 amendment draft, 3. City of Burlington 90006135 amendment draft, 4. City of Greensboro 90006137 draft amendment, 5. City of High Point 90006134 amendment draft, 6. Town of Gibsonville 90006138 amendment draft, 7. Town of Jamestown 90006133 amendment draft, 8. Town of Kernersville 90006139 amendment draft, 9. Town of Oak Ridge 90006141 amendment draft, 10. Town of Pleasant Garden 90006136 amendment draft, 11. Town of Sedalia 90006142 amendment draft, 12. Town of Summerfield 90006143 amendment draft, 13. Town of Whitsett 90006144 amendment draft
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TITLE
Title
MUNICIPAL TAX COLLECTION INTERLOCAL AGREEMENTS WITH ARCHDALE, BURLINGTON, GIBSONVILLE, GREENSBORO, HIGH POINT, JAMESTOWN, KERNERSVILLE, OAK RIDGE, PLEASANT GARDEN, SEDALIA, SUMMERFIELD AND WHITSETT
end
SPONSOR
Sponsor
Ben Chavis, Tax Director
end
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.
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Option 1 |
Option 2 |
Option 3 |
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Jurisdiction |
Maintain Rate |
Rate to |
Rate to |
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0.62% |
0.75% |
1.00% |
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Archdale |
730 |
883 |
1,177 |
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Burlington |
7,684 |
9,296 |
12,394 |
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Greensboro |
1,336,895 |
1,617,212 |
2,156,283 |
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Gibsonville |
14,254 |
17,242 |
22,990 |
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High Point |
433,324 |
524,183 |
698,910 |
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Jamestown |
17,112 |
20,700 |
27,600 |
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Kernersville |
13,855 |
16,760 |
22,346 |
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Oak Ridge |
6,358 |
7,691 |
10,255 |
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Pleasant Garden |
2,444 |
2,957 |
3,943 |
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Sedalia |
1,041 |
1,259 |
1,679 |
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Summerfield |
3,120 |
3,775 |
5,033 |
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Whitsett |
660 |
798 |
1,064 |
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Total |
$1,837,477 |
$2,222,756 |
$2,963,674 |
end
BUDGET IMPACT
Budget Impact
REVENUE CONTRACT - NO ADDITIONAL COUNTY DOLLARS
end
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, 2024 to June 30, 2029 at the collection rate of .75% to be effective July 1, 2024.
end
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