Orange County NC Website
54 <br /> What we tell the voters -- <br /> 1. The County believes that an increase in the County's property tax rate of <br /> approximately cents per $100 of valuation will be necessary to provide for <br /> principal and interest payments on the bonds. [This is new since your last bond <br /> referendum.] <br /> 2. Based on the assumptions stated on the attached schedule, I estimate that the <br /> total amount of interest that will be paid on the bonds for the proposed purpose, <br /> over the expected term of the bonds if issued, is $ <br />