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X382
<br /> Special Districts:
<br /> Chapel Hill Schools
<br /> Tax Fate:
<br /> Since the maximum supplement that can be levied for the Chapel Hill Schools is 20¢ on the
<br /> $100.00 the selection of an assessment ratio directly affects the total tax that may be levied for the
<br /> School District. As the assessment ratio is increased the maximum amount of tax that may be levied
<br /> is also increased.
<br /> Greater Chapel Hill Fire
<br /> The same relationship between assessment ratio and total tax that prevails with the School
<br /> District, also exists with the Fire District. -"
<br /> Comparison of 1964 & 1965
<br /> Real Estate Assessments
<br /> Township Real Real 8
<br /> 1964 1965 Increase
<br /> Tittle River $ 3,357,000 $ 4,570,000 368
<br /> Cedar Grove 7,246,600 10,141,900 408
<br /> Cheeks 7,410,000 10,025,000 358
<br /> Hillsboro 15,828,500 17,367,600 98
<br /> Eno 6,510,000 7,490,000 238
<br /> Bingham 5,288,800 8,469,100 608
<br /> Chapel Hill 83655 6,00 114,541,400 378
<br /> Total. $129,296,500 $172,605,000
<br /> Misc. Items 4 000 000
<br />1
<br />6
<br />l
<br />0
<br />6
<br />"M
<br />61
<br /> 9
<br />5 Rea
<br />value ® 10
<br />05
<br />% $17
<br />1
<br /> Overall increase $ 47,308,500 or 378
<br /> Comparison of 1964 1965
<br /> Real Estate Assessments in Certain Units
<br /> N
<br />Unit 1964 Real 1965 Real Increase
<br /> Town of Chapel Hill 47,701,900 64,199,000 358
<br /> Town of Carrbor6 7,083,400 8,442,300 198
<br /> Town of Hillsboro 3,712,928 3,699,100 - 4/10 of 1%
<br /> Chapel Hill Schools 80,942,000 110,702,0001 37%
<br /> Chapel Hill Fire 12,510,450 16,889,1002 35%
<br /> 1. This is an estimate based on the assumption that all personal property in Chapel Hill
<br /> Township is located inside the School District. The tota*1 valuation is, therefore, slightly
<br /> understated.
<br />I? 2. This is an estimate based on the assumption that real property valuation located in the
<br />Fire District will increase 358.
<br />Chairman Bennett Called for any comments or questicr* from the representatives of the
<br />above mentioned governmental units.
<br />Mayor Fred Claytor and Councilman Everette Forrest were present to-express the opinions for
<br />the Town of Hillsboro. Mayor Claytor felt that since the 1965 Real Estate Assessment in the Town of
<br />Hillsboro had decreasa4, and the Town would have to accept the assessment ratio established by the
<br />County, the Town would prefer that the assesement ratio be set at 809. This ratio would enable the
<br />Town to collect the necessary revenue without raising the Town taxes.
<br />Aldermen Paul Wager and Roland Giduz represented the Town of Chanel Hill. They felt that
<br />the higher the ratio could be set, the fewer inequities would occur. Mr. Giduz advocated a 1008
<br />ratio,,or at least as close to 1008 as possible.
<br />R. B. Todd, Town Clerk of Carrboro, stated that he had no definite recommendation to make
<br />to the Board, but that the Town of Carrboro did not want to raise its taxes.
<br />There was no representative from Mebane present.
<br />Superintendent Howard Thompson and Board members Edwin Tenney and Nss. Mary. Scruggs repre-
<br />sented the Chapel Hill School Unit. The opinion of this unit was that since the real estate Asses-
<br />sment in their unit had increased, the present assessment ratio of 7Q% would be sufficient if their
<br />supplementary tax of 20¢ per $100.00 valuation remains the same.
<br />Tyson Clayton expressed the opinion of S. M. Gattis, Tax Supervisor, that the present
<br />assessment ratio of 708 should be retained.
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