Mooresville, Iredell County, and Statesville Approve Budgets While Holding Tax Rates Steady
Residents across Iredell County will see continued tax stability in the coming fiscal year, as the Town of Mooresville, Iredell County, and the City of Statesville have each approved their respective 2026–2027 budgets without increasing property tax rates. Despite ongoing population growth, rising costs, and increased service demands, local leaders emphasized fiscal responsibility and long-term planning in their decision-making.
Town of Mooresville
The Town of Mooresville has adopted its Fiscal Year 2025–2026 budget while maintaining its property tax rate at $0.4836 per $100 of valuation, marking the 17th consecutive year of either maintaining or lowering the rate.
Town officials noted that the budget reflects a commitment to balancing growth with service delivery. While the tax rate remains unchanged, residents may see modest increases in certain fees, including utilities, as part of long-term infrastructure planning.
The budget also supports continued investment in public safety, staffing, and capital projects while aligning with the Town’s strategic priorities, including economic development and managing rapid growth.
For more information on Mooresville’s budget, visit:
Iredell County
The Iredell County Board of Commissioners approved a $352 million Fiscal Year 2026–2027 budget that keeps the county property tax rate at $0.50 per $100 of valuation, one of the lowest rates in North Carolina.
County leaders emphasized that the budget reflects careful planning amid significant challenges, including population growth, shifting state and federal funding, and increasing demand for services.
Education remains the largest area of investment, accounting for roughly 38% of county spending, with substantial funding allocated to Iredell-Statesville Schools, Mooresville Graded School District, and Mitchell Community College.
In order to maintain the flat tax rate, the county implemented cost-saving measures, including eliminating vacant positions and focusing on employee retention rather than expansion.
For additional details on the county budget, visit:
City of Statesville
The City of Statesville also adopted its Fiscal Year 2026–2027 budget, maintaining its property tax rate at $0.51 per $100 of valuation.
The approved budget totals approximately $168 million and includes continued investment in infrastructure, public safety, and capital projects such as police department expansion and new facilities.
City leaders noted that maintaining the current tax rate required careful consideration of fees and expenditures, with some policy discussions—such as pavement inspection fees—highlighting the balance between cost recovery and affordability for residents and developers.
Despite these discussions, the final budget reflects the City Council’s commitment to providing essential services while avoiding additional tax burden on residents.
For more information on Statesville’s budget, visit:
Across all three jurisdictions, a consistent theme emerges: local governments are prioritizing tax stability while navigating growth and financial pressures.
By maintaining current tax rates, Mooresville, Iredell County, and Statesville are aiming to support residents and businesses while still funding critical services such as public safety, education, and infrastructure. At the same time, each community is making targeted adjustments—whether through fees, cost controls, or strategic investments—to ensure long-term sustainability. As Iredell County continues to grow, these budgets highlight a coordinated effort among local governments to manage that growth responsibly without increasing the tax burden on citizens.
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