Orange County NC Website
Browse       Search
o Lottery Proceeds <br /> • Completed eight new County Facilities <br /> o Animal Services facility located in Chapel Hill <br /> o Cedar Grove Park located at Northern Human Services Center in Hillsborough <br /> o Central Orange Senior Center and expansion of the SportsPlex in Hillsborough <br /> o Justice Facility, Main County Library, and Office Building located in downtown <br /> Hillsborough <br /> o Solid Waste Administration Building located in Chapel Hill <br /> o West 10 Park located in Efland/Buckhorn area <br /> • Nearing completion of Main County Library and Office Building located in downtown <br /> Hillsborough <br /> • Adopted the 2030 Comprehensive Plan which updates and expands the scope and <br /> policy direction of the 1981 County Land Use Plan <br /> Guiding Principles <br /> •Meets Board directives <br /> •Balances County's operating budget at revenue neutral tax rate <br /> •Funds local school districts at 48.1% of the County's General Fund <br /> •2001 Commissioner approved funding target for Schools <br /> •Allows for full year costs of operating new County facilities <br /> •Addresses County priorities such as providing safety net and implementing comprehensive <br /> plan <br /> Proposed Ad Valorem Tax Rate Effective July 1, 2009 <br /> •Recommended tax rate of 85.8 cents per$100 of assessed valuation <br /> •This is the rate that produces the same amount of property tax levy as budgeted in current <br /> year <br /> •Commonly referred to as revenue neutral property tax rate <br /> •Current year tax rate is 99.8 cents per$100 assessed valuation <br /> •One cent on property tax estimated to generate $1,505,352 <br /> How Will Revaluation and Recommended Tax Rate Impact Homeowners? <br /> - Example of Tax Bill Comparison <br /> Prior to Revaluation After Revaluation (Value <br /> Increase of 24%) <br /> Value of Property $241,000 $298,840 <br /> Tax Rate 0.998 0.858 <br /> Equals Tax Bill $2,405 $2,564 <br /> Difference $159 <br /> Current year Countywide tax rate is 99.8 cents per$100 valuation. Recommended Countywide <br /> tax rate effective July 1, 2009 is 85.8 cents per$100 valuation. This recommended rate reflects <br /> the County's revenue neutral ad valorem tax rate. <br /> $298,840 is the average value of all residential property in Orange County after the 2009 <br /> revaluation schedule of values is applied. <br />