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<br /> TABLE 3.1
<br /> CHARACTERISTICS OF PREFERENTIAL ASSESSMENT/DEFERRED TAXATION PROGRAM
<br /> ORANGE COUNTY,N.C. -APRIL, 1994
<br /> Acres Per Per Estimated Per Acre
<br /> Under Total Total Acre Acre Assessment Per Acre Development
<br /> Township Use Use Market Use Assessed Ratio Market Rights
<br /> Value Value Value Value Value Value Value
<br /> FARM USE
<br /> Cedar Grove 15599 : 54,531;225. $28x7S3�534 . $r290 $1,843 . 0.8741 $2,109 $1,818
<br /> Little River 30899 $7,799,679 $43,393,248 $252 $1,404 0.9084 $1,546 $1,294
<br /> Cheeks * t1745: ><>529 'I,Q 7: ;b28,077 $2"77. ' ':$2,106 0.8891: 52,369 $2,092
<br /> Hillsborough 3305 $1,052,441 $9,927,687 $318 $3,004 0.9489 $3,166 $2,847
<br /> Eno :.537: :`:`$1, r ; $148;Q47 `,.: : $314: ::: $2;772: 0.9005 $3,078 $2,764
<br /> .. ....... ... .
<br /> Bingham 18338 $5,322,422 $42087,111 $290 $2,295 0.8717 $2,633 $2,343
<br /> Chapel Hill $6,437 :.. $6,042
<br /> Total 92267 $26,540,660 $208,725,868 $288 1 $2,2621 0.90061 $3,0481 $2,761
<br /> Percent of Total Conn Land Area in Farm Use 37%
<br /> FOREST USE
<br /> Cedar Grove « :`:1464. 58 $3: $6QC1 =: :> .$Z 0:8741' ...: $2 54 $1 1
<br /> Little River 1538 $386,554 $2,728,278 $251 $1,774 0.9084 $1,953 $1,701
<br /> Cheeks 231"1`: ' ': :$913 19 2,394 $1998
<br /> Hillsborough 1254 $323,408 $4,508,181 $258 $3,595 0.9489 $3,789 $3,531
<br /> Eno :>: 51Al.-0L: :: ;$32E1 $2,559 ::><>a:9i0a5:. $2,842 $2,522
<br /> _..
<br /> Bingham 5389 $1,548,042 $12,311,304 $287 $2,285 0.8717 $2,621 $2,334
<br /> Chapel Hill 557-1-:: :;$2 17 2A0 .:.:::$33 53. _ '»:><> 5534,: 9116 $6;603 $6,068
<br /> Total 22566 $8,646,553 $74,162,447 $383 $3,2.86 0.9006 $3,2511 $2,867
<br /> Percent of Total County Land Area in Forest Use 9%
<br /> COMBINED FARM d1: FOREST
<br /> Cedar Grove 17)63 0:$7x1 .:.: S4147 $183(1
<br /> _ ..
<br /> Little River 32437 $8,186,233 $46,121,526 $252 $1,422 0.9084 $1,565 $1,313
<br /> Cheeks `0.8891 3 : $2075
<br /> . ...... ... , .. .......... $2,37
<br /> Hillsborough 4559 $1,375,849 $14,435,868 $302 $3,166 0.9489 $3,337 $3,035
<br /> Eno
<br /> >:;:.
<br /> 67. ;:;: 744
<br /> :: :::..:...:::.. :s::A:»:..:. .....::...:...:...... .,.. ,129! :::::;<:':>;>.;$3�1? :, :..::$2,669> ;::.;<;..0 9005 :..:::: .$2,9"
<br /> Bingham 23727 $6,870,464 $54,398,415 $290 $2,293 0.8717 $2,630 $2,341
<br /> Chapel Hill < :i ':
<br /> Pe 'S�k..::.::.:.:�`i6:�'��' ..:.:�i�2(Is18� .:.:::::'..;::.5452: > '.:$5,43(3 ::;...;: $6,Q53
<br /> Total 114833 $35,187,213 PM,888,3151 $306 $2,463 1 0.90061 $3,0741 $2,768
<br /> Percent of Total Conn Land Area in Combined Farm do Forest Use 46%
<br /> NOTES: 1. Values given above are for land only and do not include buildings and structures.
<br /> 2. Data for Cheeks Township(*)includes one horticultural operation.
<br /> 3.4
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