Quote:
Originally Posted by West_ny
What exactly is the difference in tax rates betwen the city and out of the city? I know it would go up, but I didn't expect it to potentially double? And when will it happen? One post says 5 to 15 years second one says "about to be" Big difference!
Coming from NY even if it doubled, it would still be about half of what I'm paying in NY so there's always abright side.
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re: when?
Right now, Wilmington is
considering an annexation of mostly commercial properties in Monkey Junction. They may or may not go through with it. I think that they will. If they do annex, it will
probably be in the next two years, but nobody really knows.
As far as annexation of the residential property in the Monkey Junction area, I was speculating that it
might happen. I was also further speculating that
if it happens, I would guess that it'll be at least 5 years away. Thus far, the city hasn't announced anything regarding the annexation of residential neighborhoods around Monkey Junction.
re: how much?
Per the Wilmington Star News:
Quote:
The owner of a $200,000 house in the county pays $840 in annual property taxes. The owner of a house of the same value in the city pays $1,440.
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Also, you have to factor in city services like the stormwater utility. The city has a stormwater utility, which charges a stormwater fee ($5/month for single family homes). The county does not. Curbside refuse pickup is another, but I don't know the cost.