Norwood budget proposal could reduce property taxes, maintain utility rates - The Stanly News & Press

Norwood budget proposal could reduce property taxes, maintain utility rates - The Stanly News & Press

NORWOOD — For the second straight year, the proposed budget for the Town of Norwood will not have an increase in utility rates and could give homeowners a discount on their property taxes. Town administrator Ray Allen presented a proposed budget to the town council at Monday’s regularly-scheduled council meeting, recommending a cut in the property tax rate from 41 to 38 cents per $100 of value because of the county’s revaluation process. “As we …