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<br /> general obligation bonds in the amounts of$21,000,000 in November 2017 and$64,400,000 in July 2018,
<br /> and anticipates issuing general obligation bonds in the amount of$20,060,000 in May 2020. The County
<br /> expects to issue the remaining $17,040,000 of voter-approved, but unissued, general obligation bonds
<br /> within the next four years.
<br /> The County's ongoing capital investment program will be funded through bond proceeds,
<br /> installment purchase proceeds, and pay-as-you-go funds for specific County capital projects. The County
<br /> Manager's recommended five-year capital investment program contemplates total borrowings of
<br /> approximately$146.9 million.
<br /> TAX INFORMATION
<br /> General Information
<br /> Fiscal Year Ended or Ending June 30,
<br /> 2016 2017 2018 2019
<br /> Assessed Valuation
<br /> Assessment Ratiol 100% 100% 100% 100%
<br /> Real Property $15,020,157,254 $15,168,750,327 $16,385,248,774 $16,603,198,106
<br /> Personal Property 1,442,897,338 1,620,578,558 1,711,150,366 1,821,061,820
<br /> Public Service Companiesz 382,744,805 306,434,830 315,583,138 337,735,426
<br /> Less Tax-Exempt Property (67,617,005) (71,244,631) (81,081,408) (80,381,765)
<br /> Total Assessed Valuation $16,778,182,392 $17,024,519,084 $18,330,900,870 $18,681,613,587
<br /> Tax Rate per$1003 0.878 0.878 0.838 0.8504
<br /> Levy $ 147,312,441 $ 149,475,278 $ 153,612,949 $ 159,101,577
<br /> 1 Percentage of appraised value has been established by statute.
<br /> 2 Valuation of railroads,telephone companies and other utilities as determined by the North Carolina Property Tax Commission.
<br /> 'Revaluation of real property became effective with the 2017-18 tax levy. Real property was previously reappraised for 2009-10.
<br /> In addition to the County-wide rate shown in the previous chart, all taxable property within the
<br /> Chapel Hill-Carrboro City School Administrative Unit is subject to a special school district tax. The special
<br /> school district tax rates per$100 assessed valuation for the past five fiscal years are as follows:
<br /> Fiscal Year Ended or Ending June 30,
<br /> 2016 2017 2018 2019 2020
<br /> Special School District
<br /> Chapel Hill-Carrboro City Schools $.2084 $.2084 $.2018 $.2018 $.2018
<br /> Special Fire Districts. Most property in the unincorporated portions of the County is also subject
<br /> to an additional tax rate for one of the 12 fire districts,which range from$0.0592 to $0.1237 for the fiscal
<br /> year ending June 30,2020.
<br /> Tax Collections
<br /> Fiscal Year Prior Year's Current Year's Percentage
<br /> Ended June 30, Levy Collections Levy Collections Collected
<br /> 2015 $1,504,945 $143,903,487 99.08%
<br /> 2016 1,309,964 145,747,667 99.17
<br /> 2017 1,155,219 148,358,015 99.19
<br /> 2018 1,179,696 152,424,863 99.12
<br /> 2019 1,332,779 157,743,510 99.14
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