Informational News of interest for the citizens in and around Wendell, North Carolina.
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Six randomly chosen houses sold in Jones Landing, 2007:
Average house size: 1203 square feet
Average tax paid: $553.00
Six randomly chosen houses sold in Olde Wendell, 2006 & 2007:
Average house size: 2372 square feet
Average tax paid: $1195.00
Hypothetically, all houses contain two adults and two children. All families in all houses cost the Town of Wendell, on average, $1641 a year for services provided.
In your own household, can you spend $100.000 a year when your income is $47,000 and still stay solvent? How long would you last?
Can the town of Wendell keep allowing houses to be built that generate less than half of the tax money they spend on its occupants and still stay solvent? Sure they can, by raising the property tax rate!
A discussion of a proposed Budget Development Calendar for the fiscal year 2008-2009 is on the agenda for tonight’s regular Board of Commissioners meeting. Although they won’t be discussing the specifics for the new budget be aware it’s the beginning of the process that may, or may not, increase your property taxes. Currently Wendell has the highest tax rate in Wake County and I’m sure we won’t lose that unenviable position.
You snooze! You Lose!