Orange County NC Website
Browse       Search
-~-~a.~nn~+~enk 2 <br />03/24/2009 <br />Impacts of Revaluation <br />The chart below offers examples of the potential impact of real praperky revaluation on individual tax <br />bills. The FY 2008-09 approved tax rate equals 99.8 cents per $~0D valuation. The prv~ected <br />revenue neutral rate will be between 84 and 8? cents per $~ 00 valuation, For purposes of this <br />illustration a tax rate of 85 cents has been selected. This may or may not be the neutral tax rate for <br />FY 2009~~0. <br />value Prior to <br />Revaluation <br />Value of Pro a $24~,OOD <br />E uals Tax Bill $2,405 <br />Annual $ Increase in Tax Bill <br />per Month Equivalent <br />Increase in Tax Bill <br />°/° Increase After Revaluation <br />24°/° 33°/° 40°/0 ~ 54°/° ~ 40°/° <br />$298,840 $32D,53o $33?,400 $36,500 $482,DDD <br />$2, 5?0 $2,?5? $2,902 $3, ~ 09 $4, ~ 45 <br />$~65 $35~ $496 $?04 $~,?40 <br />$14 $29 $4~ _ $59 $~45 <br />6.85°/n I ~ 4.6 ~ °/° I 20.64°/° I 29.26°/~ I ?2.34°lc~ <br />f <br />~~ <br />