Taxes & Fees Comparison

May, 21, 2021

The comparison below is based on taxes and rates proposed by each municipality in their respective FY 2021-2022 proposed budgets. The total costs are based on $200,000 value for a home and downtown business in each city.  According to this data, Lenoir has the lowest cost of living compared to several surrounding cities.

In addition to cost of living, residents in Caldwell and Burke counties pay a lower sales tax rate.

Sales Tax

Rate
Burke & Caldwell6.75%
Alexander & Catawba7.00%


Lenoir

RatePeriodHomeDowntown Business
Property Tax Rate$0.5785$100$1,157.00
Municipal District$0.20$100
$400.00
Caldwell County$0.63$100$1,260.00
Motor Vehicle Fee$5.00annual$5.00
Solid Waste Fee$10.00month$120.00
Water & Sewer 5000 gal.$49.73month$596.76
Lenoir Total

$3,138.76$400





Morganton

RatePeriodHomeDowntown Business
Property Tax Rate$0.57$100$1,140.00
Municipal District$0.14$100
$280.00
Burke Count$0.695$100$1,390.00
Motor Vehicle Fee$20.00annual$20.00
Solid Waste Fee$12.00month$144.00
Water & Sewer 5000 gal.$48.48month$581.76
Morganton Total

$3,275.76$280





Hickory

RatePeriodHomeDowntown Business
Property Tax Rate$0.6275$100$1,255.00
Municipal District
$100
$0.00
Catawba County$0.575$100$1,150.00
Motor Vehicle Fee$5.00annual$5.00
Solid Waste Fee$25.00month$300.00
Water & Sewer 5000 gal.$60.30month$723.60
Hickory Total

$3,433.60





Taylorsville

RatePeriodHomeDowntown Business
Property Tax Rate$0.40$100$800.00
Municipal District
$100

Alexander County$0.79$100$1,580.00
Fire Tax$0.05$100$100.00
Motor Vehicle Fee



Solid Waste Fee$10.00month$120.00
Water & Sewer 5000 gal.$71.00month$582.00
Taylorsville Total

$3,452.00





Newton

RatePeriodHomeDowntown Business
Property Tax Rate$0.5400$100$1,080.00
Municipal District
$100

Catawba County$0.575$100$1,150.00
Motor Vehicle Fee$30.00annual$30.00
Solid Waste Fee$19.45month$233.40
Water & Sewer 5000 gal.$84.96month$1,019.52
Newton Total

$3,512.92