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19 <br />Other Data: - <br />County Government Tax Rate: The County tax rate per $100 of assessed valuation. <br />Since the per capita method focuses only on operating expenditures, the tax rate is <br />reduced by an amount equal to the debt service payments from property taxes for <br />capital projects. <br />School District Tax Rate: The supplementary tax assessed on behalf of the Chapel <br />Hill-Carrboro school system. <br />Assessment Ratio: The ratio of market (sales) value to assessed value based on <br />information supplied by the Tax Office. The assessment ratio is used to convert market <br />value to assessed value for the purpose of computing the tax base. <br />Oth®r Model Constants <br />Elderly Exemption: For projects developed partially or exclusively for elderly (65 and <br />older) or disabled individuals whose annual income does not exceed $12,000, an <br />$11,000 tax exemption is used in projecting the tax base. <br />School District Employees Per Student: The number of employees per student in a <br />speck school district. <br />SECTION 3 -DEMOGRAPHIC PROJECTIONS BASED ON PROJECT DATA <br />Demographic projections provide information about the number of new residents and <br />school children anticipated in Orange County resulting from project development. <br />Projections also provide the number of additional employees required per service <br />function and school district as a result of the new development. <br />Total Housing Units: The cumulative total of new housing units added each year by <br />project development. <br />Total Population: The total population added each year by a project derived by <br />multiplying the number of homes to be constructed by the number of persons per <br />household (see Section 1). <br />- - - -- School Population: The total number of school children added each year by a project <br />derived by multiplying the number of homes constructed by the number of children <br />per household (see Section 1). <br />Additional County Employees: The number of additional employees required per <br />service category based on project development. <br />Total: Total of all additional county employees required based on project development. <br />