Orange County NC Website
Other Datr <br />County Government Tax Race: The County tax rate per $100 of assessed valuation, Sinw <br />the per cepita medwtl focuses only qn operatlng expenditures, the tax rate is reducetl by an <br />amount equal tp the deb[ service payments from property taxes for raplbl projects. <br />School District Tax Rate: The supplementary tax assessetl on behalf of the Chapel <br />HiIlLarrboro school system. <br />Assessment Ratio: The ratio of market (sales) value fo asessetl value besetl on <br />information supplied by the Tax Office. The assesment ratio i5 used to wnvert madeef value <br />to assessetl value for the purpose of computing the tax base. <br />Other MOtlel COnstards <br />Elderly Exemption: For project tlevelopetl partially or exduslveN for elderly (66 antl oltler) <br />or disabled intlividuals whose annual Income does not exceed $12p00, an $11,000 tae <br />exemption is used in pmjeNnq the tax base. <br />School District Employees Per Stutlent: The number of employees per sWdent in a <br />spedFlC srlwol tliStriR. <br />SECTION 3 - DEMOGRADHIC PROJECTIONS BASED ON PROJECT DATA <br />Demographic projeNOns provitle Information about the number of new residents antl school <br />children anticipatetl In Orange County resultlng from project development ProjeNOns also <br />provitle the number of additional employees requiretl per seM<e function antl sdioel tllstrlQ <br />as a result of the new tlevelopmeM. <br />Total Housing Unitr: The cumulative tool of new housing units adtled each year by projeU <br />development. <br />Total Dpulation: The total population added each year by a Drolect tlemed by multiplying <br />the number of homes [0 be wnstrucTetl by the number of persons per householtl (see <br />Section 1). <br />School Population: The total number of school children atltletl eatlt year by a project <br />tlerNetl by multiplying Ne number of homes canstructetl by the number of children per <br />household (see Section I). <br />Additional County Employees: The number of atldldonal employees required per service <br />rategory based on project tlevelopment. <br />Total: Total of all atltlitional county employees required based on project development <br />