Charlotte MOVES Task Force Report December 2020 | Page 78

HOW DOES CHARLOTTE COMPARE ?

North Carolina Tax and Fee Comparison

When considering new or increased taxes or fees it is useful to compare Charlotte to other communities .
It is difficult to compare the tax and fee structure of Charlotte to other national cities given the diversity of governance structures and varied state approach to income tax , property tax , sales tax and other fees .
The chart on the adjacent page compares Charlotte ’ s taxes and fees with the 10 largest cities in North Carolina .
KEY FINDINGS
• Charlotte has the lowest combined tax / fee burden of the 10 largest cities in North Carolina despite being the only city supporting a rail transit program .
• Charlotte ranks in the bottom third for combined city / county property tax ( with Cary and Raleigh being only slightly lower and High point being the highest )
• Our local sales tax is equal to Raleigh and Cary and within the range of all 10 communities despite being the only community supporting a rail transit program .
• Our combined service fees place Charlotte in the bottom half of all 10 communities ( and in the middle of the range for total service fees ).
68 HOW | The Funding Strategy