Orange County NC Website
<br /> 1 2 <br /> 3 <br /> 4 <br /> 5 <br />FY2018-19 Recommended Budget Assumptions 6 <br /> 7 <br /> Tax Growth = 3.0% 8 <br /> Sales Tax Growth = 2.4% 9 <br /> General Fund Reserve = 16% 10 <br /> 11 <br /> 12 <br /> 13 <br /> 14 <br /> 15 <br /> 16 <br /> 17 <br /> 18 <br /> 19 <br /> 20 <br /> 21 <br /> 22 <br /> 23 <br /> 24 <br />Commissioner McKee arrived at 7:08 p.m. 25 <br /> 26 <br /> 27 <br /> 28 <br /> 29 <br /> 30 <br /> 31 <br /> 32 <br /> 33 <br /> 34 <br /> 35 <br /> 36 <br /> 37 <br />Phase In Tax Rate Increase $0.0142 to $0.8519 <br />$0.01 on county tax rate = $1,838,250 <br />$0.0142 on county tax rate = $2,610,315 <br />$0.01 on county tax rate = $1,838,250 <br />$0.0142 on county tax rate = $2,610,315 <br />$0.0142 Tax Rate Increase Impact <br />Property <br />Value <br />FY2017-18 <br />Tax Rate <br />($0.8377) <br />FY2018-19 <br />Tax Rate <br />($0.8519) <br />Increase <br />$100,000 $837.70 $851.90 $14.20 <br />$200,000 $1,675.40 $1,703.80 $28.40 <br />$300,000 $2,513.10 $2,555.70 $42.60 <br />$400,000 $3,350.80 $3,407.60 $56.80 <br />$500,000 $4,188.50 $4,259.50 $71.00 <br />