Orange County NC Website
Browse       Search
18 <br /> EXPLANATION OF TERMS AND DATA SOURCES <br /> SECTION 1 - PROJECT DATA <br /> Project data includes information about the specific development project. Much; if not all, of the information <br /> is supplied by the applicant. Data inputs include: <br /> Project Name: Name of the project. <br /> Township: Township in which the project is located. <br /> School District: School district in which the project is located. <br /> Beginning Year: The first year of the project in which dwelling units are completed and <br /> occupied. <br /> Ending Year: The last year in which dwelling units are completed and occupied. The template is set to calculate fiscal <br /> impacts for a ten-year period. <br /> Inflation Rate: Unless an inflation rate is entered, the template will calculate fiscal impacts based on constant dollars. <br /> Since the inflation rate changes frequently, the Finance Department must be contacted for the most recent figure. <br /> Persons/Household: The estimated average number of persons/household (dwelling unit) based on 1990 Census data <br /> for the township in which the project is located. This information is supplied by the Planning Department and will be <br /> updated as necessary using population projections and building permit data. <br /> Children/Household: The estimated average number of school age children/household (dwelling unit) based on 1990 <br /> Census data for the township in which the project is located. This information is supplied by the Planning Department <br /> and will be updated as necessary using school membership data. <br /> %Non-Elderly:N.C.General Statutes permit an$11,000 exemption to the elderly and disabled who meet certain income <br /> criteria.In the event that elderly units are part of the project,the percentage of eligible non-elderly units is entered. The <br /> tax base will automatically be adjusted to reflect the exemption. <br /> Number of Homes: The number of dwelling units to be constructed in the project in each year. <br /> Average Sales Price:The average sales price of all dwelling units based on the number and sales price of dwelling unit <br /> types to be constructed in each year. <br />