Full Budget Proposal - https://www.johnstonnc.gov/files/board/budget/FY25-26_comPropBudget.pdf Summary - https://www.johnstonnc.com/content.cfm?id=1845 Johnston County's proposed Fiscal Year 2025-2026 General Fund budget is presented at $402 million with a three cent property tax rate reduction from 67 cents per $100 value to 64 cents. Since Fiscal Year 2019-2020, the property tax rate has been reduced 11 cents (78 cents to 67 cents). The Countywide fire tax rate will need to be established. It is currently 14 cents per $100 valuation. Based on this information, the new rate proposed is 78 cents per $100. To calculate your new taxes due, take your new valuation (located on GIS now, as well as mailed to you) and divide by 100, then multiply by 0.78. Then if you take this number and divide it by what your taxes were previously (available on Zillow usually as well), and subtract 1 and multiply by 100, this is the percentage increase from last year. An example: new valuation - $400000 400000 / 100 * 0.78 = 3120 new taxes due - $3120/year Old taxes - $2200/year 3120 / 2200 = 1.418 1.418 - 1 = 0.418 0.418 / 100 = 41.8 percentage increase Difference per month 3120 - 2200 = 920 920 / 12 = $76 per month more (bold numbers are unique inputs to your case)
