The Finance Department establishes and maintains an accounting and reporting system in accordance with NC General Statutes, federal laws and regulations and generally accepted accounting principles. The Department provides management with required financial information for strategic and operational planning, manages cash to maximize investment income and cash flow, records receipt of revenues and provides for disbursement of the Town's funds in accordance with guidelines.
Strength of Finances Results in Top Bond Ratings
In the summer of 2010, Huntersville's Bonds were rated AAA by Standard and Poor’s Financial Services and Aaa by Moody’s Investors Service, the highest ratings for both rating agencies. These improved ratings of Town of Huntersville bonds show that despite recent economic struggles, the Town remains in good financial condition, thanks in part to adequate reserves, strong financial policies and a healthy community overall. This strong rating should further reduce debt payments on capital projects and ultimately save Huntersville taxpayers on interest costs for years to come as the town constructs capital projects to meet its infrastructure needs.
Budget and Tax Information
By law, the Town of Huntersville is required to enact a budget by June 30 of every year. The Town's fiscal year is July 1 through June 30. The Town also sets the tax rate with the approval of each budget. Huntersville residents pay taxes based on the value of their real and personal property. The Town's current tax rate for FY15-16 is $0.305 and Mecklenburg County's property tax rate is $0.8157 for a combined rate of 1.1207 per $100. Huntersville residents also pay a $20.00 Vehicle Fee that is used to support the Town's Transportation Reserve Fund, that is used to construct smaller roadway projects and intersection improvements. Residents also pay a solid waste user fee of $72.00 per year to support collection of residential solid waste, yard waste and recycling as general fund revenues do not cover the full cost of providing these services.
Mecklenburg County collects handles all assessment, valuation, billing and collection of property taxes for the Town of Huntersville. Visit Mecklenburg County's Office of the Tax Collector for more information about local taxes and fees. Click HERE to pay taxes.
Business Taxes and Privilege License Information
Mecklenburg County collects taxes on behalf of the Town of Huntersville. For more information on business taxes, visit Mecklenburg County's Office of the Tax Collector by clicking HERE
The Town of Huntersville does not require a business / privilege license but Mecklenburg County does.
For more information, contact the Hal Marshall Services Center between 9am and 5pm, Monday through Friday. The Hal Marshall Services Center is located at 700 N. Tryon Street on the First Floor.