FINANCIAL_SERVICESAPPROVED

City of High Point City Council Meeting Agenda Packet April 2026

High Point renews tax collection pact with Davidson County

1.25% of collections in year one; 1.375% in year two; 1.5% in year three (estimated $47,822, $52,604, $57,386 based on FY25 levy)City of High Point cityDAVIDSON COUNTYApril 4, 2026

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Description

The City of High Point approved a three‑year interlocal agreement with Davidson County for ad valorem property tax billing and collection services, shifting to a percentage-of-levy fee estimated at $47,822 in the first year. The agreement authorizes the county tax collector to administer, assess, list, bill, and collect city property taxes within Davidson County through 2029, with options to extend.

Contract Details

Contract Amount

1.25% of collections in year one; 1.375% in year two; 1.5% in year three (estimated $47,822, $52,604, $57,386 based on FY25 levy)

Vendor

DAVIDSON COUNTY

Agency

City of High Point city, NC

Contract Type

FINANCIAL_SERVICES

Document Date

April 4, 2026

Contract Term

Three (3) years from 2026 to 2029, with option for successive three-year extensions

Renewal Date

2029-06-30

Renewal Info

Initial three-year term from 2026 to 2029 with provision that the agreement may be extended by mutual agreement for successive three-year terms; either party may terminate with at least six months’ written notice before a fiscal year start.