Orange County NC Website
Browse       Search
Orange County: Buckhorn Village <br />Hotels <br />Property Total Square Feet Property Tax Value Property Tax <br />Value Per SF <br />Hillsborough Holiday Inn <br />Ex ress 28,496 $3,616,177 $126.90 <br />Chapel Hill Holiday Inn <br />Ex ress 45,523 $5,678,152 $124.73 <br />Cha el Hill Ham ton Inn 30,450 $6,007,832 $197.30 <br />University Inn -Best <br />Western 31,209 $3,847,569 $123.28 <br />Totals 135,678 $19,149,730 <br />Avera e Tax Value Per SF $141.14 <br />Source: Buckhorn Road Associates, LLC Survey <br />Using the survey information from above; an analysis was performed on the proposed <br />square footage uses of the Buckhorn Village project. The average property tax value per square <br />foot was applied to the project and an estimate of property tax revenue impact on Orange County <br />was calculated. <br />Buckhorn Village Real Estate Tax Analysis <br />Property Use SF Average Total Orange Estimated <br /> Orange Estimated County Annual <br /> County Property Tax Property Property <br /> Property Value Tax Rate Tax Revenue <br /> Tax Value <br /> Per SF <br />Anchor/Destination 165,000 $84.07 $13,872,148 $0.0095 $1.31,785 <br />Retail <br />Mixed/Multi-Tenant 859,000 $131.03 $112,553,686 $0.0095 $1,069,260 <br />Retail <br />Hotels 120,000 $141.14 $16,936,921. $0.0095 $160,901 <br />Total Estimated $143,362,755 $1,361,946 <br />Pro e Tax Revenue <br />Source: Calculated from Buckhorn Road Associates, LLC Survey and East West Partners Information <br />Sanford Holshouser <br />