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Minutes 05-28-2024-Budget Work Session
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Minutes 05-28-2024-Budget Work Session
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9/9/2024 10:19:52 AM
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9/9/2024 10:18:19 AM
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BOCC
Date
5/28/2024
Meeting Type
Budget Sessions
Document Type
Minutes
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Agenda - 05-28-2024; 1 - Discussion of County Departments' FY 2024-25 Recommended Budgets
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 05-28-2024 Budget Work Session
Agenda for May 28, 2024 Budget Work Session
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 05-28-2024 Budget Work Session
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24 <br /> Slide #34 <br /> Tax Administration — page 227 <br /> — Printing costs associated with revaluation - <br /> $36,054 <br /> • Funded with County Capital Reserve <br /> — Revenue from Towns for collecting property <br /> taxes and stormwater fees-$79,740 <br /> • Based on 0.5%of amount collected <br /> • Rate is under review for potential proposed change <br /> for Board consideration <br /> ORANGE COUNTY <br /> 34 NORTH CAROLINA <br /> Slide #35 <br /> General Government <br /> • Assessed Home Value by Tax Jurisdiction <br /> — Based on 2021 Revaluation <br /> — NCDOR notice that median sales assessment ratio 63.9% at the end of 2023 <br /> Jurisdiction #of Qualified 2024 Median Assessed Median Sales Price Assessed Value as <br /> Sales* Value %of Sale Price <br /> Carrborc 491 $396,700 $582,000 68% <br /> Chapel Hill 1,165 $451,750 $660,000 68% <br /> Durham 0 $234,300 NIA NIA <br /> Hillsborough 538 $270,250 $437,000 62% <br /> Mebane 525 $251,100 $375,000 67% <br /> Unincorporated OC 4,634 $269,700 $465,000 58% <br /> ORANGE COUNTY <br /> 35 NORTH CAROLINA <br />
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