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<br />LAND IN THE USE VALUE TAXATION PROGRAM, BY TOWNSHIP
<br />YEAR END 1996 AND 1997
<br />Township Acres in Acres in Change in ...Total Parcels Total Parcels Change in
<br /> tValae, Use-Value, Acreage in i7se-Value, in Use-Value, Total
<br /> x996 1997 ~ 1996: ~ 1947 Parcels
<br />Little River 15,252 15,585 333 331 343 12
<br />Cedar Grove 30,071 30,666 595 609 654 45
<br />Cheeks 13,389 14,220 831 391 311 20
<br />Hillsborough 4,459 4,689 230 118 107 -11
<br />Eno 9,580 9,694 114 159 168 9
<br />Bingham 22,137 23,373 1,236 450 489 39
<br />Chapel Hill 13,301 12,587 -714 337 349 12
<br />TQTAL, 108,190 130,814 2,G24 2,294- 2,421 126
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<br />While total use-value acreage increased, total land value declined. Land enrolled in the use-value
<br />program was valued at $22.67 million at YE 1996. However this figure declined to $21 32 million
<br />at YE 1997. Market values for these parcels showed considerable increases from 1996 to 1997.
<br />Total market value was $346 million at YE 1997, versus $273 million at YE 1996.
<br />Average use-values per acre were also calculated by township. The YE 1997 average use-value
<br />per acre stood at $192.36, a decrease from the YE 1996 average of $209.49. Conversely average
<br />market value ner acre increased from $2,524.19 to $3.121.76.
<br />LAND USE ACREAGE BY CATEGORY, YEAR-END 1996 & 1997
<br />Total acreage in the use-value program was broken down into Agricultural, Horticultural, and
<br />Forestry Land Use. The table below reveals that increases in Forestry and Horticultural land uses
<br />are outpacing that of Agricultural Use. Of the total increase in acreage in land-use value (2,623),
<br />72.1 % was in the Forestry category. Forestry and Horticultural also increased their share of total
<br />land use acreage, while Agricultural Use declined slightly.
<br />LAND USE ACREAGE BY CATEGORY
<br />Land Use Category ." ;Year-; " Pct. of Year- Pt:t: Change,
<br /> <'End Total, End. ~~: Total Aires
<br /> ; `']996 1996 1997 Total,
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<br />.;..:. T~. (acres} . (acres) 1997
<br />Forestry 63,579 58.8 65,476 59.1 1,896
<br />Agricultural 44,606 41.2 45,302 40.9 697
<br />Horticultural 5 0.005 35 0.03 30
<br />Total ~ °' " "108;190 100 110,813 140 2,623
<br />REVENUES FROM USE-VALUE TAXATION PROGRAM
<br />The 1996 levy of taxes from land in the use-value program totaled $997,314. The average tax bill
<br />was $434.56. The average bill in 1996 included an average of 47.14 acres at an average use value
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