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26 <br />TABLE 12 <br />PUBLIC SCHOOL CAPITAL NEEDS, COSTS, AND IMPACT FEES <br />ORANGE COUNTY, N.C. <br />School District -7 <br />Needs/Costs Characteristics Orange Chapel Hill - <br />Coun Carrboro <br />CAPITAL COSTS <br />Capital Cost Per Dwelling Unit <br />Elementary School <br />$4,475 <br />$7,671 <br />Middle School <br />$1,586 <br />$3,701 <br />High School <br />$1,262 <br />$2,945 <br />Total <br />$7,323 <br />$14,317 <br />ADJUSTMENTS TO CAPITAL COSTS <br />Property Tax Contributions <br />Average Single - Family Home Value <br />$114,649 <br />$175,935 <br />Tax Rate Per $100 <br />$0.2009 <br />$0.2009 <br />Tax Per Unit <br />$230 <br />$353 <br />Present Value Factor <br />7.53763 <br />7.53763 <br />Term (Years) <br />10 <br />10 <br />Interest Rate <br />5.5% <br />5.5% <br />Property Tax Credit <br />$1,736 <br />$2,664 <br />Sales Tax Contributions <br />$503 <br />$822 <br />Persons Per Household <br />2.47 <br />2.56 <br />Per Capita Payment <br />$57 <br />$57 <br />Present Value Factor <br />7.53763 <br />7.53763 <br />Term (Years) <br />10 <br />10 <br />Interest Rate <br />5.5% <br />5.5% <br />Per Capita Credit <br />$430 <br />$430 <br />Per Household Credit <br />$1,061 <br />$1,100 <br />Public School Building Fund Contributions <br />Students Per Household <br />0.33 <br />0.63 <br />Per Student Payment <br />$49 <br />$49 <br />Present Value Factor <br />7.53763 <br />7.53763 <br />Term (Years) <br />10 <br />10 <br />Interest Rate <br />5.5% <br />5.5% <br />PSBF Credit <br />$122 <br />$233 <br />Total Credits <br />$2,919 <br />$3,997 <br />IMPACT FEES: CAPITAL COSTS LESS ADJUSTMENTS <br />Capital Cost Per Dwelling Unit <br />Elementary School <br />$4,475 <br />$7,671 <br />Middle School <br />$1,586 <br />$3,701 <br />High School <br />$1,262 <br />$2,945 <br />TOTAL <br />$7,323 <br />$14,317 <br />Adjustments Per Dwelling Unit <br />Elementary School <br />$1,784 <br />$2,142 <br />Middle School <br />$632 <br />$1,033 <br />High School <br />$503 <br />$822 <br />TOTAL <br />$2,919 <br />$3,997 <br />,impact Fees Per Dwelling Unit <br />$4,404 <br />- $10.320 <br />