Orange County NC Website
Browse       Search
8 <br /> 1 Slide #5 <br /> Revenue Neutral Tax Rate <br /> Property Tax Base X Property Tax Rate= Property Tax Levy <br /> Property <br /> Property Tax Rate <br /> $33,254,442,6 <br /> .- <br /> $33,254,442,655 .006264 $208,306,757 <br /> Or...62.64 cents per$100 of Assessed Value <br /> New"breakeven" percentage increase is just below 38%with updated Revenue Neutral Rate <br /> ORANGE COUNTY <br /> 5 NOWrH CAROLINA <br /> 2 <br /> 3 Slide #6 <br /> Manager's Recommended Tax Rate <br /> Manager's Budget Recommends Increase of 2.95 cents over Revenue Neutral Tax Rate <br /> • 1.94 cents to support school planning and design Impact on Home @$400,000=$118.00 <br /> • 1.01 cents to support school and County operations . Impact on Home [7a $500,000=$147.50 <br /> County Tax Rate History <br /> u0 m <br /> Orange Bam=Revaluation Years <br /> 100.u0 75.DD <br /> xE.00 85.80 97.90 ii5.79 8fi.3M1 <br /> 91.87 83.12 9A58 <br /> 80.00 <br /> 65.59 <br /> 60.00 <br /> 40.00 <br /> 20.00 <br /> 0.00 <br /> MM FY20% FY2007 FT20M FV20M FY2010 FY2D11 FY2022 FY2D13 FY201. FY2D15 FY2D16 FY2017 FY2410 FY2019 FY2620 FT2D21 FV2022 F12023 FY20N FY2025 FY2D25 <br /> Rx. <br /> 4 <br /> 5 Chair Bedford asked staff to provide a scenario of what the impact would be if the school <br /> 6 capital pay-go was debt instead. <br /> 7 Travis Myren said it will be at the May work session, and they can provide more <br /> 8 information. He said they are also looking at the scenario of delaying the projects for one year. <br /> 9 Commissioner McKee asked if delaying the projects for a year eliminates the cost of the <br /> 10 pay-go. <br />