If you live in Greensboro, then you live in Guilford County, so you of course pay the taxman for each of those location rights and, now that the city manager and the county manager have put their proposed budgets out there for everyone to see, it’s not looking good for Greensboro homeowners.
First, gas is over $4 a gallon, food prices are way high, and the economy is ruthless on the lower classes right now. Second, data collected by Greensboro tax accountant George Hartzman shows two trends that also pile onto those who own less valuable houses in the city: the tax burden under the proposed revaluations appears to shift much of the burden from commercial real estate to housing and, it’s the lowest-priced houses on average that have appreciated the most in value.
So even if both Greensboro and Guilford County held the tax rates revenue neutral – which isn’t going to happen – it would be those with the least, people who own low-cost homes, who’ll have to bear more of the tax burden…