Government Affairs Update

Virginia Troi Hicks, Joint Government Affairs Director

Government Affairs Local Update – Oct. 30


From the Desk of Troi Hicks
Joint Government Affairs Director 


HAVE YOU VOTED?

The early voting period will end on November 3. If you are not yet registered to vote or need to make updates to your voter registration, you must do so during this period. You can lookup early voting sites HERE. Election Day is Tuesday, November 6. Make sure you exercise this important right!

 


LOCAL UPDATES:


UDO 283: This zoning text amendment will allow residential building, townhouse and residential building, multifamily in the HB and GO zoning districts. The amendment was passed at the 10/15 Winston-Salem City Council meeting.

Forsyth County Sales Tax Referendum: This November, Forsyth County residents will vote on a proposed quarter-cent sales tax increase. Revenue from the sales tax will pay for the Forsyth County Hall of Justice project, and non-prepared grocery items and gasoline will be exempt from the tax. If the sales tax increase does not pass, the County has said they will have to raise property taxes 3.1 cents in 2019. If passed, the sales tax will not take effect until April 2019. The referendum will appear on the ballot in the following manner:

“[ ] FOR      [ ] AGAINST

Local sales and use tax at the rate of one-quarter percent (0.25%) in addition to all other State and local sales and use taxes.”

More information about the sales tax can be found on THIS brochure.

Winston-Salem Bond Referendum: Winston-Salem residents will vote on 5 different bond packages in the following categories: Streets and Sidewalks, Parks and Recreation, Public Safety Facilities, Economic Development, and Housing. For more information about specific projects, click here.

UDO Update: Winston-Salem/Forsyth County Planning will be working in the next year to make updates to the Unified Development Ordinances. These updates are intended to make the UDO more user-friendly.  You can find an initial draft of the Code Assessment here, and more information about the project here.


Troi Hicks | Local Government Affairs Director
NC REALTORS®
Mail:  4511 Weybridge Ln | Greensboro, NC 27407
Telephone: Office 336.808.4233 | Mobile 336.491.1316
www.ncrealtors.org


 

Tax Assessment Savings – HBA Benefits

HBA Members:

Recently, I  received a property tax assessment for an inventory home we have under construction. The home will sell for $800k, so you can imagine the tax bill could be high on this one. Fortunately, we had done the proper paper work to request a lower assessment based on the builder inventory bill that the NCHBA got passed in the General Assembly.

Instead of an assessment of $588,0000, we received a correct assessment of $85,000 – Lot value. The  saving in tax is $5505 on this one house! I have paid my HBA membership for 10 years on the savings from this one house.

Be sure to share your own stories of how the HBA has benefitted you and your business when talking with other members. There is so much that we benefit from that ultimately benefits the home owner. Without the NCHBA at work in Raleigh, I would have a very different tax bill today.

Be proud of the team you are on!

Alan

Alan C. Banks, Evans Coghill Homes
2018 President – NC Home Builders Association