A vote “FOR” the sales tax referendum on November 6, 2018
An estimated $14 million in new tax revenues generated per year
Does not apply to groceries or gas
The cost is 1 extra penny for every $4 in purchases
Paid by everyone who buys goods and services in Forsyth County, including both County residents and out-of-county visitors.
The County Commissioners have committed a portion of the estimated $3 million in excess revenue to Winston-Salem/Forsyth County Schools (likely for teacher salary supplements).
A vote “AGAINST” the sales tax referendum on November 6, 2018
Forsyth County property tax rate increased by estimated 3.1 cents per $100 valuation
The cost is $46.50 for a $150,000 home
Paid by Forsyth County homeowners, renters, real estate owners, and registered vehicle owners
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FAQ | Frequently Asked Questions
The NC General Assembly gave counties the authority to levy, subject to voter approval, a local option, quarter-cent (1/4¢) sales tax. The Forsyth County Board of Commissioners decided to put an important choice in front of the voters. During budget talks, the Board of Commissioners made a decision to defer a property tax increase to Fiscal Year 2020. The purpose of the property tax increase is to fund a new Hall of Justice project as the current Hall of Justice has been deemed unsuitable and studies have shown a need for updated facilities and expansion. The Board has decided to put a quarter-cent (1/4¢) sales tax on the November 6 ballot for the voters to decide as an alternative to a property tax increase
The North Carolina Association of County Commissioners estimate, based on current sales tax figures, that the one-quarter of a penny sales and use tax would generate approximately $14,000,000.
One penny in property tax currently raises close to $3,578,908 . One-fourth of a penny in sales tax would raise approximately $14,000,000.
There is no provision in the law to sunset the tax, however, the current or future Board may elect to put a repeal of the sales tax levy on a referendum for the voters to decide at some point in the future.
The quarter-cent sales tax revenue will be used to pay off debt service on the new Hall of Justice project. Any remaining balance could be used to fund other critical county needs or to reduce the property tax rate.
Everyone pays sales tax, including both Forsyth County residents and visitors. Out-of-county visitors and shoppers help contribute to the revenue in the local sales tax option.
Groceries (unprepared foods) and gasoline.
If the referendum fails, current estimates suggest that the Property Tax rate will need to be increased 3.1¢ per $100 of valuation from 72.35¢ to 75.45¢.
The additional one-quarter cent sales tax will be one penny for every $4 purchase.
Property taxes are assessed based on how much property you own and the value of that property. Sales taxes are generated from monetary transactions. Tourists and visitors to Forsyth County would also help support county services through a sales tax.
Yes, since the legislature first granted counties authority to seek voter approval in 2007, many counties have placed the referendum on a local ballot. In fact, several counties in our region have already approved and enacted the additional one-quarter cent sales tax including Rockingham, Randolph, Davidson, Surry and others.
The current sales tax rate in Forsyth County is 6.75% or six and three-quarters of a cent for a $1.00 purchase. This is the current rate in four of the three adjoining counties as well (Guilford, Yadkin, Davie, and Stokes). The other three (Davidson, Surry, and Rockingham) have a higher rate of 7.00% or seven cents for a $1.00 purchase. If the referendum passes in November, Forsyth County’s sales tax rate will change to 7.00%.
If the referendum is approved in November, the earliest that the one-quarter of a penny sales tax would go into effect would be April 1, 2019.