Morrisville, N.C. — City leaders on Tuesday are scheduled to vote on a proposed budget that could increase property taxes.
Morrisville commissioners are proposing largest tax increase in Wake County. The budget being considered includes a $3.4 million spending increase.
Based on Wake County's property reassessment, homeowners in Morrisville saw property values go up by 38 percent. With Morrisville's proposed tax rate, homeowners could have a 19 percent increase in their property tax bill.
Mayor Jan Faulkner said the increase is necessary to help the city keep pace with other Wake County towns.
“Without it, we’ll have to stop programs, not fund some roads and not develop downtown,” Faulkner said.
Homeowner Peggy Medlin said she can’t afford the proposed tax increase. If commissioners move forward with the plan to increase property taxes, Medlin said her bill would jump from $800 to more than $4,000.
“I don’t know how long I can stay here. I’m a caregiver and I have to stay to take care of my 95-year-old mother. I don’t have a choice,” Medlin said.
Residents attended a meeting at city hall last week to voice their opinions on the tax.
Commissioners will meet at 6:30 p.m. to discuss the budget. Commissioners can choose to approve the budget, reject it or ask the staff to start from the beginning, Faulkner said.
Morrisville considers property tax increase
- Reporter: Erin Coleman
- Photographer: Jamie Munden
- Web Editor: Kathy Hanrahan
RELATED TOPICS: Wake County, Morrisville
Copyright 2011 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
35 Comments
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June 24, 2008 6:01 p.m.
June 24, 2008 4:40 p.m.
carolinakhaki
pretty much hits the nail on the head
June 24, 2008 3:58 p.m.
Oh, but the town's going to bring in SOOOOOOOOO much revenue from that boondoggle - and situating it on the very edge of Morrisville means that they get to do so by inconveniencing primarily non-Morrisville residents, with no road improvements to Cary Parkway.
Way to increase your tax base at the expense of Cary residents, Morrisville. I'm sure it's much appreciated. Actually, as with most things Morrisville does, it smacks of a town so desperate to make a name for itself that it will stop at nothing to do so.
June 24, 2008 3:32 p.m.
You know what I'm going to do? I'm going to waste all money and demand my boss pay me more. How will that work out? Actually, I'm my own boss, but it makes the point. If I have to spend within my bounds, why can't a government?
June 24, 2008 3:17 p.m.