2nd Jun, 2011

Indian Trail NC Tax Status Maintains Status Quo

Indian Trail Tax Status Maintains Status Quo

Indian Trail NC has held the state’s lowest tax rate for six years and there is no immediate plan to change that.

In 2005, the tax rate in Indian Trail real estate was lowered to 14.5 cents per $100 valuation, down from 15 cents per $100 valuation. The same rate will be maintained for town residents in fiscal year 2011-2012. The town manager for Indian Trail, Joe Fivas, recommended keeping the rate where it is.

Gary D’Onofrio, Indian Trail NC town council member declared his support for the budget in its current iteration. Even without changing the tax rate, the town has big plans for its future. Projects are expected to cost millions of dollars.

As a result, council member Jeff Goodall has warned residents to be aware that the 14.5 cent tax rate may not last too long. The reason Indian Trail real estate may see an increase in the future is because of its rapid growth. The 2010 census showed a jump of 20,000 people over 10 years.

With an increase in population comes an increase in concerns and demands. These issues cost quite a bit of money to address. Indian Trail residents have raised concerns about traffic congestion. These issues have led the town council members to consider purchasing bonds in order to make road improvements. One of those improvements would be to widen part of Old Monroe Road.

Improvements are also under consideration for fully developing the town’s 51 acres of park land. The town council will not be the only ones to make final determinations. There is a proposal to include voters in the process. The proposal would have bonds being separated by park improvements and road improvements.

If you have any questions about Indian Trail NC real estate, feel free to call me, Wendy Richards, at 704-604-6115 or email me at wendy@nccharlottehomes.com. Thanks!

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