COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2008_part9 potx

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OTHER SUPPLEMENTAL SCHEDULES



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Schedule 20
GASTON COUNTY, NORTH CAROLINA
SCHEDULE OF AD VALOREM TAXES RECEIVABLE
JUNE 30, 2008
Uncollected Uncollected
Balance Collections Balance
Fiscal Year
July 1, 2007 Additions and Credits June 30, 2008
2007-2008 -$ 118,638,818$ 113,592,067$ 5,046,751$
2006-2007 4,954,323 41,967 3,702,473 1,293,817

2005-2006 1,565,144 3,740 707,519 861,365
2004-2005 815,389 1,095 317,420 499,064
2003-2004 629,242 582 159,880 469,944
2002-2003 485,252 81 101,563 383,770
2001-2002 418,847 309 58,551 360,605
2000-2001 423,930 266 39,100 385,096
1999-2000 298,316 29 29,220 269,125
1998-1999 217,763 120 23,117 194,766
1997-1998 208,440
- 208,440 -
Total
10,016,646$
118,687,007$ 118,939,350$ 9,764,303
Less allowance for uncollectible ad valorem taxes receivable:
General Fund
4,500,000

Ad valorem taxes receivable - net
5,264,303$

Reconciliation with revenues:
General Fund 119,541,817$
Penalties and interest collected current year (1,112,033)
Releases 1,842,458
Interest on prior years’ delinquent taxes (637,218)
Advertising on prior years’ delinquent taxes (22,070)
Miscellaneous adjustment (882,044)
Amount written off for tax year 1997-1998 per statute of limitations
208,440

Total collections and credits
118,939,350$

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Schedule 21
GASTON COUNTY, NORTH CAROLINA
ANALYSIS OF CURRENT PROPERTY TAX LEVY - GENERAL FUND
JUNE 30, 2008
Property
Excluding
Registered Registered
Property Amount Motor Motor
Valuation
Rate of Levy Vehicles Vehicles
Original Levy:

Property taxed at current
year’s rate 14,070,439,399$ 0.84 118,491,677$ 106,582,060$ 11,909,617$
Penalties
-
101,297 101,297 -
Total
14,070,439,399
118,592,974 106,683,357 11,909,617
Discoveries:
Current year taxes
189,633,452
1,592,917 1,421,063 171,854

Abatements
(184,175,358)
(1,547,073) (1,204,271) (342,802)
Total property valuation
14,075,897,493$

Net levy
118,638,818
106,900,149 11,738,669
Uncollected taxes at June 30, 2008
(General Fund)
5,046,751
3,292,164 1,754,587
Current year taxes collected
113,592,067$
103,607,985$ 9,984,082$
Current levy collection percentage 95.75%
96.92% 85.05%
Prior year levy collection percentage 95.52% 96.93% 83.49%
Total Levy
County-Wide
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Schedule 22
GASTON COUNTY, NORTH CAROLINA
ANALYSIS OF CURRENT TAX LEVY
COUNTY-WIDE LEVY
FOR THE YEAR ENDED JUNE 30, 2008
Secondary Market Disclosures:

Assessed Valuation:
Assessment ratio 96.87%
Real property 10,870,308,361$
Personal property 2,500,820,911
Public service companies
704,768,221

Total assessed valuation 14,075,897,493
Tax rate per $100 0.8400
Levy (includes discoveries, releases and abatements, excludes penalties)
118,638,818$

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Schedule 23
GASTON COUNTY, NORTH CAROLINA
SCHEDULE OF THE TEN LARGEST TAXPAYERS
FOR THE YEAR ENDED JUNE 30, 2008
Percentage
2007 of Total
Type of Assessed Assessed
Taxpayer
Business Valuation Valuation
Duke Energy Corporation Electric utility 499,969,671$ 3.6%
Triangle Real Estate Real estate 115,104,274 0.8%
Bellsouth Communications 94,717,914 0.7%
Parkdale Mills, Inc. Textiles 87,599,709 0.6%
Freightliner Corporation Trucks and truck parts 70,738,263 0.5%
Public Service Company Natural gas company 67,316,158 0.5%

Buckeye Technologies Airlaid nonwoved products 54,945,088 0.4%
FMC Corporation, Lithium Division Mining 43,063,304 0.3%
Wix Corporation Industrial fibers 41,122,579 0.3%
PHARR Yarns Textiles
39,237,640

0.3%
1,113,814,600$
7.9%
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Schedule 24
GASTON COUNTY, NORTH CAROLINA
COMMUNITY DEVELOPMENT BLOCK GRANTS INCLUDED IN THE GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND
CHANGES IN PROJECT BALANCE - BUDGET AND ACTUAL
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2008
Project Prior Current Total Variance
Authorization
Year Year to Date Over/Under
Revenues:
Restricted intergovernmental revenues:
Federal grants:
Queens Court 750,000$ -$ -$ -$ (750,000)$
Scattered Site Housing 400,000 324,781 59,767 384,548 (15,452)
Economic Development 900,000 - 900,000 900,000 -
Concentrated Needs
700,000
25,821 464,997 490,818 (209,182)

Total revenues
2,750,000
350,602 1,424,764 1,775,366 (974,634)
Expenditures:
Economic and Physical Development:
Community Development Block Grants:
Operating expenditures:
Queens Court (04-C-1271):
Administration 40,000 34,676 5,176 39,852 148
Planning 3,500 3,500 - 3,500 -
Rehabilitation 356,500
286,605 54,591 341,196 15,304
Total
400,000
324,781 59,767 384,548 15,452
Economic Development (05-E-1451):
National Gypsum
900,000
- 900,000 900,000 -
Concentrated Needs (06-C-1513):
Acquisition 10,000 - - - 10,000
Public Sewer 214,664 - 264,821 264,821 (50,157)
Clearance Activities 27,000 - - - 27,000
Rehabilitation 378,836 7,000 167,058 174,058 204,778
Administration
69,500
18,821 33,118 51,939 17,561
Total
700,000
25,821 464,997 490,818 209,182

Queens Court Infrastructure (07-C-1719):
Sewer 675,000 - - - 675,000
Administration
75,000
- 162 162 74,838
Total
750,000
- 162 162 749,838
Total expenditures
2,750,000
350,602 1,424,926 1,775,528 974,472
Revenues over (under) expenditures -$
-$ (162)$ (162)$ (162)$
Actual
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STATISTICAL SECTION


This part of the Comprehensive Annual Financial Report presents detailed information as
a context for understanding what the information in the financial statements, note

disclosures, and required supplementary information says about the County’s overall
financial health.

Financial Trends - Schedules 1-4

These schedules contain trend information to help the reader understand how the
County’s financial performance and well-being have changed over time.

Revenue Capacity – Schedules 5-8

These schedules contain information to help the reader assess the factors affecting the
County’s ability to generate property taxes.

Debt Capacity – Schedules 9-10

These schedules present information to help the reader assess the affordability of the
County’s current levels of outstanding debt and the County’s ability to issue additional
debt in the future.

Demographic and Economic Information – Schedules 11-12

These schedules offer demographic and economic indicators to help the reader
understand the environment within which the County’s financial activities take place and
to help make comparisons over time and with other governments.

Operating Information – Tables 13-15

These schedules contain information about the County’s operations and resources to help
the reader understand how the County’s financial information relates to the services the
County provides and the activities it performs.

Sources: Unless otherwise noted, the information in these schedules is derived from the
comprehensive financial reports for the relevant year. The County implemented
Statement 34 in 2002; schedules presenting government-wide information begin in that
year.

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Schedule 1
Gaston County
Net Assets by Component,
Last Seven Fiscal Years
(modified accrual basis of accounting)
2002
2003 2004 2005 2006 2007 2008
Government activities
Investment in capital assets, net of related debt 57,547,612$ 60,963,599$ 56,297,381$ 61,718,839$ 74,333,530$ 79,817,450$ 77,988,668$
Restricted 20,988,620 18,006,448 26,985,674 20,869,596 20,774,263 1,984,358 2,533,268
Unrestricted (21,148,436) (20,322,447) (23,509,396) (13,101,641) (21,013,554) 9,254,828 13,151,321
Total governmental activities net assets 57,387,796$ 58,647,600$ 59,773,659$ 69,486,794$ 74,094,239$ 91,056,636$ 93,673,257$
Business-type activities
Investment in capital assets, net of related debt 9,695,740$ 6,227,959$ 5,371,394$ 5,165,517$ 4,538,261$ 7,123,331$ 8,541,958$
Unrestricted (2,202,601) (2,096,240) (3,073,536) (2,824,740) (1,867,098) (227,595) (333,737)
Total business-type activities net assets 7,493,139$ 4,131,719$ 2,297,858$ 2,340,777$ 2,671,163$ 6,895,736$ 8,208,221$
Primary government

Investment in capital assets, net of related debt 67,243,352$ 67,191,558$ 61,668,775$ 66,884,356$ 78,871,791$ 86,940,781$ 86,530,626$
Restricted 20,988,620 18,006,448 26,985,674 20,869,596 20,774,263 1,984,358 2,533,268
Unrestricted (23,351,037) (22,418,687) (26,582,932) (15,926,381) (22,880,652) 9,027,233 12,817,584
Total primary government net assets 64,880,935$ 62,779,319$ 62,071,517$ 71,827,571$ 76,765,402$ 97,952,372$ 101,881,478$
Note: Modified accrual-basis financial information for Gaston County government as a whole is only available back to
2002, the year GASB Statement 34 was implemented.
Fiscal Year
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Schedule 2
Gaston County
Changes in Net Assets
Last Seven Fiscal Years
(modified accrual basis of accounting)
2002
2003 2004 2005 2006 2007 2008
Expenses
Governmental activities:
General government 20,567,221$ 22,728,478$ 21,182,353$ 23,374,890$ 22,537,105$ 21,498,972$ 22,471,943$
Public safety 37,701,591 35,853,278 40,221,597 41,037,015 41,139,227 44,380,699 49,395,878
Environmental protection 39,190 36,946 35,212 38,697 43,548 50,228 57,169
Economic and physical development 3,792,628 3,374,755 3,955,022 2,965,007 11,132,232 8,845,674 12,844,466
Human Services 53,390,860 56,569,403 58,782,928 62,344,990 63,977,281 66,275,575 68,086,490
Cultural and recreation 4,294,541 4,253,581 4,856,068 4,854,625 4,426,372 4,766,556 5,316,324
Education 36,876,248 38,013,442 53,307,267 48,438,310 52,609,053 49,937,579 66,152,636
Debt service - interest and fees 5,288,430 5,871,025 5,527,240 6,077,408 6,565,905 7,537,663 7,537,176
Total governmental activities expenses 161,950,709 166,700,908 187,867,687 189,130,942 202,430,723 203,292,946 231,862,082
Business-type activities:
Solid Waste 3,525,095 5,474,777 4,928,076 3,352,987 3,587,835 3,903,228 4,901,486

Total primary government expenses 165,475,804$ 172,175,685$ 192,795,763$ 192,483,929$ 206,018,558$ 207,196,174$ 236,763,568$
Program Revenues
Governmental activities:
Charges for services:
General government 2,018,457$ 2,417,651$ 2,499,250$ 2,271,501$ 2,842,545$ 2,192,854$ 3,442,812$
Public safety
6,567,369 6,727,495 7,536,907 10,824,382 12,006,577 10,710,404 11,344,157
Environmental protection - - - - 507,407 2,789,962 2,341,484
Economic and physical development 138,540 126,367 194,478 263,767 24,178 596,240 678,096
Human Services 9,796,985 7,247,316 7,244,301 9,190,370 7,917,461 11,418,031 11,295,861
Cultural and recreation 120,030 135,845 150,413 147,242 165,529 148,469 168,493
Operating grants and contributions:
General government 387,063 429,066 1,074,225 2,128,926 6,600 - -
Public safety 805,504 929,466 1,172,186 1,223,945 1,840,228 164,955 213,981
Environmental protection - - - - 155,399 - -
Economic and physical development 546,772 1,319,158 654,620 769,693 120,695 - -
Human Services 22,835,822 25,486,128 25,899,196 25,757,128 25,243,738 23,158,337 23,637,885
Cultural and recreation 410,514 446,429 453,668 457,938 454,375 470,543 459,865
Capital grants and contributions:
General government - 181,415 24,761 200,382 - 199,421 431,543
Economic and physical development 128,508 73,745 61,021
44,134 557,339 2,710,320 3,643,954
Human Services - - - - - 3,083,564 3,289,579
Cultural and recreation 95,816 43,094 147,339 17,249 - - -
Education 1,400,631 407,322 1,238,272 1,027,930 1,584,194 2,038,101 3,500,000
Total governmental activities program revenues 45,252,011 45,970,497 48,350,637 54,324,587 53,426,265 59,681,201 64,447,710
Business-type activities:
Charges for services:
Solid Waste 2,820,251 3,295,206 3,094,117 3,387,512 3,875,612 4,560,038 6,084,901
Capital grants and contributions:

Solid Waste - - - - - 3,440,348 -
Total business-type activities program revenues 2,820,251 3,295,206 3,094,117 3,387,512 3,875,612 8,000,386 6,084,901
Total primary government program revenues 48,072,262$ 49,265,703$ 51,444,754$ 57,712,099$ 57,301,877$ 67,681,587$ 70,532,611$
Fiscal Year
110
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Schedule 2
Gaston County
Changes in Net Assets
Last Seven Fiscal Years
(modified accrual basis of accounting)
2002
2003 2004 2005 2006 2007 2008
Fiscal Year
Net (Expense)/Revenue
Governmental activities (116,698,698)$ (120,730,411)$ (139,517,050)$ (134,806,355)$ (149,004,458)$ (143,611,745)$ (167,414,372)$
Business-type activities (704,844) (2,179,571) (1,833,959) 34,525 287,777 4,097,158 1,183,415
Total primary government net expense (117,403,542)$ (122,909,982)$ (141,351,009)$ (134,771,830)$ (148,716,681)$ (139,514,587)$ (166,230,957)$
General Revenues and Other Changes in Net Assets
Governmental activities:
Ad valorem taxes 92,368,902$ 95,394,671$ 107,777,047$ 109,246,036$ 113,657,708$ 114,386,061$ 122,206,198$
Sales tax - - - - 33,781,074 37,929,311 39,420,512
Real estate transfer taxes - - - - 929,724 1,119,318 903,780
Hotel occupancy tax - - - - 430,842 - -
Other taxes and licenses 22,650,505 24,785,518 28,857,240 32,270,994 95,315 - -
Unrestricted governmental revenue 4,003,813 53,935 1,281,497 23,431 1,536,335 - -
Investment earnings 926,617 689,072 845,217 1,942,536 3,180,905 7,139,454 7,500,502
Transfers - - 400 - - - -
Miscellaneous revenue 1,873,608 1,067,019 253,651 1,036,493 - - -

Total governmental activities 121,823,445 121,990,215 139,015,052
144,519,490 153,611,903 160,574,144 170,030,992
Business-type activities:
Investment earnings 14,233 - - 3,942 42,609 127,415 129,070
Transfers - - (400) - - - -
Miscellaneous revenue - 91,988 498 4,452 - - -
Total governmental activities 14,233 91,988 98 8,394 42,609 127,415 129,070
Total primary government 121,837,678$ 122,082,203$ 139,015,150$ 144,527,884$ 153,654,512$ 160,701,559$ 170,160,062$
Change in Net Assets
Governmental activities 5,124,747$ 1,259,804$ (501,998)$ 9,713,135$ 4,607,445$ 16,962,399$ 2,616,620$
Business-type activities (690,611) (2,087,583) (1,833,861) 42,919 330,386 4,224,573 1,312,485
Total primary government 4,434,136$ (827,779)$ (2,335,859)$ 9,756,054$ 4,937,831$ 21,186,972$ 3,929,105$
Note: Modified accrual-basis financial information for Gaston County government as a whole is only available back to
2002, the year GASB Statement 34 was implemented.
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Schedule 3
Gaston County
Fund Balances, Governmental Funds,
Last Seven Fiscal Years
(modified accrual basis of accounting)
2002
2003 2004 2005 2006 2007 2008
General Fund
Reserved 7,247,430$ 7,905,185$ 11,238,313$ 8,791,678$ 15,715,245$ 24,341,428$ 24,589,190$
Unreserved
Designated 5,011,148 5,187,032 3,795,932 12,457,662 8,761,556 11,312,458 10,897,843
Undesignated 16,750,607 13,815,130 19,295,121 20,383,134 26,606,523 27,658,893 32,834,916
Total General Fund 29,009,185$ 26,907,347$ 34,329,366$ 41,632,474$ 51,083,324$ 63,312,779$ 68,321,949$

All Other Governmental Funds
Reserved 27,078,270$ 31,716,820$ 43,105,694$ 30,422,018$ 28,618,570$ 75,513,146$ 57,081,940$
Unreserved
Designated
Public assistance fund 133,359 258,321 295,605 - 2,000,000 3,525,030 5,250,887
Other special revenue funds 82,457 17,457 - 26,846 43,216 19,485 234,031
Capital improvements fund 7,078,427 7,586,442 8,031,598 9,259,796 - - 33,210,840
Debt service fund - - - - - - 1,000,000
Undesignated
Public assistance fund (2,153,905) 93,399 2,186,648 5,184,346 7,279,832 7,613,651 8,893,224
Other special revenue funds (160,458) (64,409) 196,972 460,483 1,064,298 1,422,955 441,939
Capital improvements fund (2,124,095) (1,211,908) (5,630,979) (5,218,907) (1,654,774) 4,527,184 793,070
Debt service fund 957,175 690,811 762,555 860,966
1,554,661 2,861,334 2,206,090
Total all other governmental funds 30,891,230$ 39,086,933$ 48,948,093$ 40,995,548$ 38,905,803$ 95,482,785$ 109,112,021$
Note: Modified accrual-basis financial information for Gaston County government as a whole is only available back to
2002, the year GASB Statement 34 was implemented.
Fiscal Year
112
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Schedule 4
Gaston County
Changes in Fund Balances, Governmental Funds,
Last Ten Fiscal Years
(modified accrual basis of accounting)
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Revenues
Ad valorem taxes 77,457,882$ 79,774,882$ 81,364,050$ 91,666,116$ 94,943,726$ 107,455,914$ 109,305,816$ 114,196,470$ 115,158,257$ 122,951,159$
Other taxes and licenses 24,371,289 25,504,641 23,356,921 24,896,170 25,078,517 29,211,646 32,640,007 35,236,955 39,555,886 40,888,986

Unrestricted governmental revenues 4,982,021 5,421,901 5,710,800 3,571,439 1,499,853 2,728,631 1,525,673 1,536,335 - -
Restricted intergovernmental revenues 24,070,850 33,193,951 27,977,453 25,088,329 27,604,449 29,264,442 31,168,427 32,089,378 33,897,977 37,485,145
Fees, licenses and permits 1,663,839 1,792,447 2,130,723 2,070,208 2,586,860 2,906,411 2,741,435 3,421,373 4,004,141 3,807,646
Sales and services 9,498,858 10,346,121 11,005,756 11,366,400 11,610,061 12,278,288 15,784,426 17,340,245 18,871,896 18,863,784
E911 surcharge 653,953 1,012,309 992,982 1,132,789 1,090,614 1,122,754 1,135,161 1,224,889 1,250,223 1,165,274
Investment earnings 4,684,195 4,212,987 2,809,278 1,105,580 830,893 812,009 1,903,591 3,180,905 7,139,454 7,500,502
Miscellaneous revenues 2,832,226 4,057,597 2,656,880 3,113,465 2,418,637 1,493,121 2,438,229 2,077,323 1,120,274 2,051,867
Total revenues 150,215,113 165,316,836 158,004,843 164,010,496 167,663,610 187,273,216 198,642,765 210,303,873 220,998,108 234,714,363
Expenditures
General government 15,676,463 16,360,915 20,426,635 18,111,367 19,110,513 19,175,923 19,467,433 19,701,209 19,813,829 20,427,282
Public safety 32,138,895 34,894,130 34,669,472 35,841,225 35,328,295 36,195,022 38,414,427 39,653,341 43,103,615 46,802,724
Environmental protection 46,078 37,521 36,898 39,190 36,946 35,212 38,697 43,548 50,228 57,169
Economic and physical development 1,865,297 2,472,747 2,894,436 2,633,122 2,549,273 2,495,099 2,606,411 2,593,960 2,784,970 3,452,697
Human services 46,356,598 52,256,502 52,556,226 52,341,431 56,303,434 57,801,127 61,678,285 63,325,580 65,451,725 65,497,376
Cultural and recreational 3,677,911 3,958,225 4,166,545 3,885,405 3,985,297 4,162,180 4,097,426 4,246,269 4,465,693 4,792,535
Education 29,889,358 29,689,941 32,241,870 32,211,650 33,308,976 35,928,620 36,843,875 38,291,171 40,587,439 42,272,843
Capital projects 39,689,181 31,411,401 16,869,656 8,387,500 9,857,331 26,778,734 23,490,179 23,515,645 19,204,017 34,718,107
Debt service:
Principal retirement 7,254,320 6,533,291 6,585,394 7,118,125 6,986,324 10,888,101 10,807,642 11,705,146 12,345,994 15,320,709
Interest and fees 6,352,086 6,169,759 5,935,334 5,374,765 6,003,954 5,660,971 6,174,780 5,936,447 6,647,225 7,957,872
Total expenditures 182,946,187 183,784,432 176,382,466 165,943,780 173,470,343 199,120,989 203,619,155 209,012,316 214,454,735 241,299,314
Excess of revenues over (under)
expenditures (32,731,074) (18,467,596) (18,377,623) (1,933,284) (5,806,733) (11,847,773) (4,976,390) 1,291,557 6,543,373 (6,584,951)
Other Financing Sources (Uses)
Installment purchase contracts issued 9,984,474 272,393 492,257 1,244,186 11,900,598 8,891,350 4,326,953 1,905,603 5,367,212 -
Refunding bonds issued - - 18,056,166 - - 35,513,793 - 10,005,000 - -
Bonds issued - - 3,176,783 14,009,405 - 18,524,654 - 3,800,000 56,895,852 24,900,000
Certificates of participation issued - - - - - - - 12,390,000 - -
Payments to escrow agent - - (17,897,600) - - (35,427,301) - (22,691,881) - -
Bond premium - - - - - - - 660,826 - 323,357

Transfers in - - - 43,370,110 39,707,126 42,454,468 48,197,070 51,581,576 50,917,249 52,915,264
Transfers out (733,132) - (250,000) (43,370,110) (39,707,126) (42,454,068) (48,197,070) (51,581,576) (50,917,249) (52,915,264)
Total other financing sources (uses) 9,251,342 272,393 3,577,606 15,253,591 11,900,598 27,502,896 4,326,953 6,069,548 62,263,064 25,223,357
Net change in fund balances (23,479,732)$ (18,195,203)$ (14,800,017)$ 13,320,307$ 6,093,865$ 15,655,123$ (649,437)$ 7,361,105$ 68,806,437$ 18,638,406$
Debt service as a percentage of noncapital
expenditures 9.50% 8.34% 7.85% 7.93% 7.94% 9.60% 9.43% 9.51% 9.73% 11.27%
Fiscal Year
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Schedule 5
Gaston County
Assessed Value and Actual Value of Taxable Property,
Last Ten Fiscal Years
Percentage
Fiscal Yea
r
Public Servic
e
Total Taxable Total Direct of Actual Estimated Actual
Ended June 30 Real Propert
y
Personal Propert
y
Companies
A
ssessed Valu
e
Tax Rate Taxable Value (a) Taxable Value
1999 7,474,147,883 1,106,591,758 623,105,578 9,203,845,219 0.8250$ 98.82% 9,313,747,439

2000 7,711,330,324 1,197,449,333 631,939,515 9,540,719,172 0.8250$ 91.22% 10,459,021,237
2001 7,883,782,545 1,234,342,788 609,689,697 9,727,815,030 0.8250$ 88.09% 11,043,041,242
2002 7,958,365,494 1,246,020,041 615,457,545 9,819,843,080 0.9183$ 81.25% 12,085,960,714
2003 8,326,240,385 1,259,902,646 551,013,830 10,137,156,861 0.9183$ 81.19% 12,485,720,977
2004 9,916,594,174 1,184,600,711 656,477,716 11,757,672,601 0.8930$ 100.00% 11,757,672,601
2005 10,004,937,589 1,224,118,253 644,956,327 11,874,012,169 0.8930$ 95.55% 12,427,014,306
2006 10,252,673,908 1,353,838,185 670,765,286 12,277,277,379 0.8930$ 97.29% 12,619,259,306
2007 9,495,425,875 2,367,965,354 693,258,858 12,556,650,087 0.8800$ 92.85% 13,523,586,523
2008 10,870,308,361 2,500,820,911 704,768,221 14,075,897,493 0.8400$ 96.87% 14,530,708,675
Source: Gaston County Tax Department
Note: The county assesses property every four years. Property is assessed at market value.
(a): Sales assessment ratios from the NC Department of Revenue, Property Tax Division.
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Schedule 6
Gaston County
Direct and Overlapping Property Tax Rates
Last Ten Fiscal Years
(rate per $100 of assessed value)
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
County Direct Rate
General 0.8250$ 0.8250$ 0.8250$ 0.9183$ 0.9183$ 0.8930$ 0.8930$ 0.8930$ 0.8800$ 0.8400$
City Rates
Belmont 0.4800 0.4800 0.4800 0.4800 0.4800 0.4600 0.4600 0.4600 0.4950 0.4750
Bessemer City 0.4400 0.4100 0.4100 0.4100 0.4100 0.4100 0.4100 0.4100 0.4100 0.4100
Cherryville 0.4400 0.4400 0.4400 0.4400 0.4400 0.4400 0.4400 0.4400 0.4400 0.4400
Gastonia 0.4700 0.4700 0.4925 0.4925 0.5425 0.5300 0.5400 0.5400 0.5400 0.5300
Kings Mountain 0.4000 0.4000 0.3600 0.3600 0.3600 0.3600 0.3600 0.3600 0.4000 0.4000
Mt. Holly 0.4400 0.4400 0.4400 0.4400 0.4900 0.4500 0.4500 0.4500 0.5400 0.5400

Town Rates
Cramerton 0.4250 0.4250 0.4250 0.4250 0.4250 0.4250 0.4250 0.4250 0.4250 0.4250
Dallas 0.3500 0.3500 0.3500 0.3500 0.3500 0.3500 0.3500 0.3500 0.3800 0.3800
High Shoals
0.3810 0.3790 0.3730 0.3700 0.3700 0.3770 0.3700 0.3470 0.3470 0.3030
Lowell 0.3200 0.3100 0.3100 0.3100 0.3600 0.3400 0.4000 0.4000 0.4000 0.4000
McAdenville - - - - - - 0.3000 0.3000 0.3000 0.3000
Ranlo 0.2980 0.3010 0.3120 0.2990 0.2990 0.3010 0.3070 0.3010 0.3010 0.3010
Spencer Mountain 0.1300 0.1300 0.1300 0.1300 0.1300 0.1300 0.2600 0.2600 0.2600 0.1300
Stanley 0.4500 0.4500 0.4600 0.4600 0.5400 0.5400 0.5400 0.5400 0.5400 0.5400
Year Taxes Are Payable
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