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Agenda - 01-23-2018 7-a - Report on the Orange County Tax Equity Study
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Agenda - 01-23-2018 7-a - Report on the Orange County Tax Equity Study
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1/23/2018
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Regular Meeting
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Agenda
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7-a
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Agenda - 01-23-2018 - Regular Meeting Agenda
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\Board of County Commissioners\BOCC Agendas\2010's\2018\Agenda - 01-23-2018
Minutes 01-23-2018
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park facilities paid solely by Hillsborough citizens would be shifting the costs and benefits of the <br />park unequally. <br />IV. Government Revenues and Expenditures <br />The primary tax used to fund Orange County government and municipal government <br />services is the property tax. A list of all taxable properties within Orange County was acquired <br />and analyzed in Geographic Information Systems software. This included not only houses, <br />duplexes, apartments, mobile homes, empty lots, but also property taxes paid by businesses. <br />This list of properties was then subdivided based upon the location of the person paying the <br />property tax and not the location of the property. This is a very important distinction to make. <br />One of the interesting things about property taxes is that the person who is living in a particular <br />property might not be the one who is paying the tax.14 <br />In 2016, Orange County records indicate that there were 51,630 properties within the <br />county border. The total billing in 2016 for these properties was $209,799,547 with recorded <br />payment of $207,367,352 —or 98.8% of total amount billed. This amounts to an average <br />property tax bill of $4,063 per property. Of all Orange County properties, 2,954 were owned by <br />people outside of the state of North Carolina, for a total property bill of $19,303,658 and 4,361 <br />were owned by people within North Carolina but not residing in Orange County. This subset of <br />properties was billed for $17,417,040.15 The average property tax bill for these two subsets is <br />$6,543 and $3,993 respectively. Therefore, the Orange County government is able to `export' <br />17.5 %, or $36.7 million of its property tax bill to others who reside outside of the county. Figure <br />16 shows the locations of the owners of taxed properties. Note that some of the owners of <br />properties within Orange County do not even reside within the US; therefore, the map is focused <br />is See Appendix B for clarity. <br />is 99% of billed property tax properties owned by persons outside of North Carolina were paid and 98.7% of billed <br />property tax properties owned by persons in North Carolina, but outside Orange County, were paid. <br />CCM Economics, LLC Orange County Tax Equity Page 22 <br />
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