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2 <br /> generated in the prior year given the new tax base. The revenue neutral tax rate is then adjusted <br /> for the average annual natural growth that occurred since the last revaluation. <br /> • The total tax base is the combined value of real property, personal property, and motor <br /> vehicles. When those amounts are combined, the total tax base is $32.6 billion. <br /> • The total tax levy in FY 2024-25 was $203.2 million. When that is adjusted for natural <br /> growth that has occurred since the last revaluation (2.52%), the tax levy for the purposes <br /> of calculating the revenue neutral rate is $208.3 million. <br /> • The revenue neutral tax rate required to produce $208.3 million in tax revenue using a total <br /> tax base of $32.6 billion is 0.6384 per $100 of assessed value. This is a decrease from <br /> the current tax rate of 0.8629 per $100 of assessed value. <br /> All tax districts are required to publish revenue neutral tax rates. The table below details the <br /> revenue neutral tax rates for the Chapel Hill-Carrboro City Schools Special District Tax and the <br /> rates for each of the Fire Districts: <br /> Tax District 4-25 Tax Rate Revenue Neutral Rate <br /> ICHCCS DISTRICT TAX 19.80 14.62 <br /> CEDAR GROVE FIRE 9.00 6.54 <br /> CHAPEL HILL FIRE 13.87 10.79 <br /> DAMASCUS FIRE 12.80 9.79 <br /> EFLAND FIRE 10.28 7.38 <br /> ENO FIRE 11.98 8.71 <br /> LITTLE RIVER FIRE 7.39 5.35 <br /> NEW HOPE FIRE 13.84 10.15 <br /> ORANGE RURAL FIRE 11.49 8.21 <br /> ORANGE GROVE FIRE 8.27 5.81 <br /> SOUTH ORANGE FIRE 9.09 6.67 <br /> SOUTH TRIANGLE FIRE 12.80 8.75 <br /> WHITE CROSS FIRE 13.84 10.30 <br /> FINANCIAL IMPACT: The new revenue neutral tax rate will serve as the starting point for the tax <br /> rate applied in the FY 2025-26 Budget. <br />