Property Taxes Paid on 300 Habitat Homes In Greensboro

10:37 AM, Sep 9, 2013   |    comments
Habitat for Humanity of Greensboro pays property taxes
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Greensboro, NC-- Habitat for Humanity of Greater Greensboro paid property taxes on hundreds of homes Monday.

The agency gave the tax office a check for $338,665, which is  the amount for property taxes on 300 homes that were purchased with the nonprofit's help. According to a news release from Habitat, the money is from escrow accounts on those specific houses.

It does not include Habitat houses whose mortgages with the nonprofit builder have been paid off. Those taxes are paid by the individual homeowners.

"Over the past five years, Habitat Greensboro has paid over $1.5 million to the city in property taxes. This payment is just one example of how our partnership with the City of Greensboro is an investment in the future of our community." said Maria Hanlin, President and Executive Director of Habitat for Humanity of Greater Greensboro.

Break down of Habitat Numbers: "Making a Difference in our Community"

  • $60,000: Average cost to build a house in material, does not include the cost of land.
  • 45,753: The number of hours that the 4,112 individuals volunteered with Habitat Greensboro last year.
  • $21,000 to $40,000: Typical family income range for Habitat Greensboro homeowners.
  • $550: Average mortgage, including property taxes, insurance and principal.
  • 400+: Habitat has built over 400 new homes in Greensboro during the past 25 years.
  • 300: Number of hours that homeowners are required to work with Habitat, called sweat equity, in order to purchase a home.

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