Winston-Salem property owners could see a sharp increase in their tax bills this year, if the city council approves the proposed 2025 budget.
The average homeowner would face a 27% jump in property taxes alone, driven largely by this year’s countywide revaluation. The budget also calls for a 5% hike in water rates and a 4% increase for sewer service. In all, that amounts to an extra $320 per year for the typical household.
“We’re going to have to go into the witness protection program," said Council Member Robert Clark, after the numbers were presented Thursday.
Mayor Allen Joines echoed his concern, urging council members to look for ways to cut costs.
City staff say the additional revenue is needed to fund public transit improvements and maintenance projects.
The budget isn’t final yet. Council will meet twice more before a scheduled vote on June 16. A public information session for residents is set for this Tuesday at 5:30 p.m. at Little Creek Recreation Center.