Orange County NC Website
Browse       Search
13 <br /> 1 The total tax base is the combined value of real property, personal property, and motor <br /> 2 vehicles. When those amounts are combined, the total tax base is $32.6 billion. <br /> 3 <br /> 4 • The total tax levy in FY 2024-25 was $203.2 million. When that is adjusted for natural <br /> 5 growth that has occurred since the last revaluation (2.52%), the tax levy for the purposes <br /> 6 of calculating the revenue neutral rate is $208.3 million. <br /> 7 <br /> 8 • The revenue neutral tax rate required to produce $208.3 million in tax revenue using a <br /> 9 total tax base of$32.6 billion is 0.6384 per $100 of assessed value. This is a decrease <br /> 10 from the current tax rate of 0.8629 per$100 of assessed value. <br /> 11 <br /> 12 All tax districts are required to publish revenue neutral tax rates. The table below details the <br /> 13 revenue neutral tax rates for the Chapel Hill-Carrboro City Schools Special District Tax and the <br /> 14 rates for each of the Fire Districts: <br /> 15 <br /> Tax District FFY2024-25 Tax Rate Revenue Neutral Rate <br /> L _d Ar M <br /> CHCCS 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 /> 16 <br /> 17 Travis Myren introduced the item and made the following presentation: <br /> 18 <br /> 19 <br />