Orange County NC Website
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ze <br /> Other Data: <br /> County Government Tax Rate:The County tax rate per $100 of assessed valuation. Since <br /> the per capita method focuses only on operating expenditures, the tax rate is reduced by an <br /> amount equal to the debt service payments from property taxes for capital projects. <br /> School District Tax Rate: The supplementary.tax assessed on behalf of the Chapel <br /> Hill-Canboro school system. <br /> Assessment Ratio: The haul of market (sales) value tO assessed value based on <br /> information supplied by the Tax.Office.The assessment ratio is used to convert market value <br /> to assessed value for the purpose of computing the tax base. <br /> Other Model Constants <br /> Elderly Exemption: For projects developed partially or exclusively for elderly (65 and older) <br /> or disabled Intlivitluals whose annual Income does not exceed $12,000, an $11,000 tax <br /> exemption Is used In proJeating the tax base. <br /> School District Employees Per Student: The number of employees per student in a <br /> specific school district <br /> SECTION 3 • DEMOGRAPHIC PROJECTIONS BASED ON PROJECT DATA <br /> Demographic projections provide information about the number of new residents and school <br /> children anticipated In Orange County resulting from project development. Projections also <br /> provide the number of additional employees required per service function and school district <br /> as a msut of the new development. <br /> Total Housing Units:The cumulative total of new housing units added each year by project <br /> development <br /> Total Population: The total population added each year by a project derived by multiplying <br /> the number of homes to be constructed by the number Of Persors per household (see <br /> Section 1), <br /> School Population: The focal number of school children added each year by a project <br /> derived by multiplying the number of homes constructetl by the number of children per <br /> household (see Secton 1). <br /> Additional County Employees: The number of additional employees required per service <br /> category based on project development. <br /> Total:Total of all additional county employees required based on projed development. <br />