Orange County NC Website
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Other Data <br />County Govemmem Tax Rate: The Coumy tae mte per $100 of assessed valuation. Since <br />Ne per cepita method focuses only on ope2tfng expendlWres, me tae ate is reducetl by an <br />amqum equal to the deb[ service payments from property taxes for apical projects. <br />School District Tax Rate: The supplementary tax assessetl on behalf of the Gapel <br />HIII{arrtoro school system. <br />Assessment Ratlo: The ratio of market (sales) value to assessed value besetl on <br />information supplied by Ne Tax OfOCe. The assessment ratio is usetl to Wnvert market value <br />to assessetl value for the purpose of computing the tax base. <br />Other Motlel Constants <br />Elderly Exemptlon: Far projects tlevelopetl partially ar exdusiveN far elderry (66 antl older) <br />or disabled Intllvitluals whose annual Incrme tloes not ezceetl $12,000, an $11,000 tax <br />exemption Is used In projecting the tax base. <br />Schagl District Employees Per Stutlent: The number of employees per student In a <br />specifrc sdpol district <br />SECTION3-DEMOGRAPHIC PRO]ECIIONS BASEDON PRO]ECI DATA <br />Demographic projections provide informadon about the number of new residents and school <br />chiltlren anticipatetl in Orange County resulting from project tlevelopment Projections also <br />provitle the number Of atltl'NOnal employees requlretl per service function antl schwl tlistriR <br />as a result of the new development <br />Total Housing Units: The cumulative Mtal of new housing units atltletl earn year by projett <br />development. <br />Total Population: The total population atltletl each year by a project dedvetl by multiplying <br />Ne number of hones to be construtted by the number of persons per household (see <br />Section Sy <br />School Populatlon: The total number of school chlltlren added each year by a projeR <br />tlerNed by multiplying Me number of homes conswctetl try the number of childm per <br />householtl (see Section 1). <br />Additional County Employees: The number of atltlltbnal employees required per service <br />category based on projett development <br />Tobl: Total of all atltlitional county empbyees requiretl based on projeR tlevelopment <br />