An untruth disseminated as true: How can Guilford County property taxes be “revenue neutral” if “Historically, we’ve seen a value increase every eight years,” amid a larger number of developed properties?

…“Historically, we’ve seen a value increase every eight years,” Arnold said. “That’s allowed us to keep our tax-rate revenue neutral, and basically get the same amount of tax revenue without having to raise taxes on property. If those values drop, we’re going to have to raise taxes in order to get that same amount of revenue — and I don’t think most people can afford that.”

 

Joe Killian

Greensboro News and Record, January 12, 2010