Orange County NC Website
Browse       Search
EXPLANATION OF TERMS AND DATA SOURCES <br /> SECTION 1 -BASIC DATA <br /> Proiect Name - Name of the proposed development. <br /> Township -Township in which project is located <br /> School District-School district in which project is located. <br /> Inflation Rate - Unless an inflation rate is entered, the template will calculate fiscal impacts based on <br /> constant dollars. Since the inflation rate changes from month to month, the finance department must be <br /> contacted for the most recent figures. Example- 2.90 <br /> County Annual Operating Expenditures - This figure represents all county FY '93.94 General Fund <br /> expenditures except for the following: <br /> 1) School Capital Fund Transfers $ 2,606,048 <br /> 2) County Capital Fund Transfers 1,170,428 <br /> 3) Debt Service 5,578,534 <br /> $,9,355,010 <br /> General Fund Expenditures $60,852,952 <br /> -9,355,010 <br /> $ 51,497,942 <br /> Total Local Equalized Real Property Value-This figure represents the aggregate county market value of <br /> all county taxpaying properties on which taxes are assessed. This includes residential, farm, vacant, <br /> commercial and industrial. Contact the tax assessor's offices for this figure. Example - $4,408,709,951. <br /> Total Number of Land Parcels-This figure represents the sum of all county properties on which taxes are <br /> assessed Contact the tax assessor's offtce for this figure. Example-40,129. <br /> Total Nonresidential Eaualized Real Property Value-This figure represents the sum of the market value <br /> of all commercial and industrial properties. Contact the tax assessor's office for this figure. Example - <br /> $484,958,094. <br /> Total Number of Nonresidential Land Parcels - This figure represents the sum of commercial and <br /> industrial taxpaying properties. Because apartment complexes demand services similar to residential <br /> parcels, they are not included Contact the tax assessor's office for this figure. Example- 1343. <br /> Real Property (Market) Value of Proposed Development -'Phis figure represents the total market value <br /> of the development. For an existing development,contact the tax assessor's office. Obtaining an accurate <br /> figure for a proposed development is more complicated and wilt vary according to the type of development <br /> and the planned location. Example — $1,945,105. <br /> Personal Propev Value of Proposed Development - This figure represents the total personal property <br /> value of the development and is based on the listing of equipment and other personal property. After <br /> reviewing this list, the assessor's office calculates a total value based on rate of depreciation. For an <br />