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Update on Local Taxes

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Kristen Smith
Kristen Smith

This document reviews local tax rates in Orange County, North Carolina. It provides data on property tax rates for Orange County and various municipalities like Chapel Hill and Carrboro. Additional charts show total property tax rates and median property taxes paid for various North Carolina cities. Orange County residents pay on average $5,887 in annual property taxes, the highest in the state. The Central Business District of Chapel Hill generates significantly more tax revenue per parcel than other areas despite occupying less than 1% of the town's total area.

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Review of Local Taxes Friends of the Downtown March 26, 2015
Orange County Tax Rates Code Jurisdiction Rate Cents on $100 GO/MO ORANGE COUNTY 0.008780 $0.88 G1/M1 CARRBORO 0.005894 $0.59 G2/M2 CHAPEL HILL 0.005240 $0.52 G3/M3 HILLSBOROUGH 0.006800 $0.68 /M6 MEBANE 0.004900 $0.49 /M7 DURHAM 0.005912 $0.59 CH CHAPEL HILL/CARRBORO SCHOOL DST 0.002084 $0.21 DR C.H. DOWNTOWN SERVICE DISTRICT 0.000710 $0.07 Source: Orange County Tax Administration
City and Town Tax Rate 0.33 0.3826 0.494 0.5675 0.675 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 Huntersville Cary Raleigh Apex Asheville Charlotte Wilmington Fayetteville Concord Winston-Salem Chapel Hill Hickory Wilson Greenville Gastonia Jacksonville Monroe Kannapolis Durham Burlington Rocky Mount Greensboro Salisbury Goldsboro High Point NC Department of Revenue
Total of All Jurisdictions Property Tax Rate 0.864 0.9166 1.3119 1.4554 1.5404 0.4 0.6 0.8 1 1.2 1.4 1.6 Cary Raleigh Apex Wilmington Hickory Huntersville Asheville Burlington Jacksonville Winston-Salem Concord Fayetteville Greenville Monroe Charlotte Wilson Rocky Mount Salisbury Kannapolis Durham Goldsboro Gastonia Greensboro High Point Chapel Hill NC Department of Revenue
Property Taxes on Median House Prices $1,100.00 $1,604.05 $1,819.25 $2,164.64 $2,224.80 $4,898.47 $0.00 $500.00 $1,000.00 $1,500.00 $2,000.00 $2,500.00 $3,000.00 $3,500.00 $4,000.00 $4,500.00 $5,000.00 Burlington Kannapolis Salisbury Rocky Mount Hickory Winston-Salem Fayetteville Monroe Goldsboro Wilson Greenville Gastonia Jacksonville Raleigh Wilmington Greensboro High Point Charlotte Asheville Concord Durham Apex Cary Huntersville Chapel Hill NC Department of Revenue and RealEstate.com
2014 Property Taxes by County
2014 Property Taxes By County County Average 2014 Property Taxes Effective Tax Rate Orange $5,887.52 1.30% Mecklenburg $3,014.93 1.08% Durham $2,611.35 1.18% Wake $2,431.61 0.85% New Hanover $2,003.78 0.67% Guilford $1,992.76 1.07% Forsyth $1,754.48 1.02% Cumberland $1,723.82 1.20% Johnston $1,602.77 0.91% Lee $993.41 0.68% Source: RealtyTrac “Effective tax rate:” the average property tax owed on a single family home in 2014 divided by the average estimated value of a single family home as of the end of 2014
Central Business District
Tax Exempt Properties in CBD
Impact of CBD on Property Tax Revenue • A parcel of land in the Central Business district generates 5.58 times more annual property tax revenue than an average parcel of equivalent size in Chapel Hill. • The Central Business District occupies only .77% of the area of Chapel Hill, but represents 4.3% of its total property tax base.
Find More Resources • Find Municipal Revenue Impact Analysis at downtownchapelhill.com/studies. • Find the Chamber’s State of the Community Report at slideshare.net/carolinachamber.

More Related Content

Update on Local Taxes

  • 1. Review of Local Taxes Friends of the Downtown March 26, 2015
  • 2. Orange County Tax Rates Code Jurisdiction Rate Cents on $100 GO/MO ORANGE COUNTY 0.008780 $0.88 G1/M1 CARRBORO 0.005894 $0.59 G2/M2 CHAPEL HILL 0.005240 $0.52 G3/M3 HILLSBOROUGH 0.006800 $0.68 /M6 MEBANE 0.004900 $0.49 /M7 DURHAM 0.005912 $0.59 CH CHAPEL HILL/CARRBORO SCHOOL DST 0.002084 $0.21 DR C.H. DOWNTOWN SERVICE DISTRICT 0.000710 $0.07 Source: Orange County Tax Administration
  • 3. City and Town Tax Rate 0.33 0.3826 0.494 0.5675 0.675 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 Huntersville Cary Raleigh Apex Asheville Charlotte Wilmington Fayetteville Concord Winston-Salem Chapel Hill Hickory Wilson Greenville Gastonia Jacksonville Monroe Kannapolis Durham Burlington Rocky Mount Greensboro Salisbury Goldsboro High Point NC Department of Revenue
  • 4. Total of All Jurisdictions Property Tax Rate 0.864 0.9166 1.3119 1.4554 1.5404 0.4 0.6 0.8 1 1.2 1.4 1.6 Cary Raleigh Apex Wilmington Hickory Huntersville Asheville Burlington Jacksonville Winston-Salem Concord Fayetteville Greenville Monroe Charlotte Wilson Rocky Mount Salisbury Kannapolis Durham Goldsboro Gastonia Greensboro High Point Chapel Hill NC Department of Revenue
  • 5. Property Taxes on Median House Prices $1,100.00 $1,604.05 $1,819.25 $2,164.64 $2,224.80 $4,898.47 $0.00 $500.00 $1,000.00 $1,500.00 $2,000.00 $2,500.00 $3,000.00 $3,500.00 $4,000.00 $4,500.00 $5,000.00 Burlington Kannapolis Salisbury Rocky Mount Hickory Winston-Salem Fayetteville Monroe Goldsboro Wilson Greenville Gastonia Jacksonville Raleigh Wilmington Greensboro High Point Charlotte Asheville Concord Durham Apex Cary Huntersville Chapel Hill NC Department of Revenue and RealEstate.com
  • 7. 2014 Property Taxes By County County Average 2014 Property Taxes Effective Tax Rate Orange $5,887.52 1.30% Mecklenburg $3,014.93 1.08% Durham $2,611.35 1.18% Wake $2,431.61 0.85% New Hanover $2,003.78 0.67% Guilford $1,992.76 1.07% Forsyth $1,754.48 1.02% Cumberland $1,723.82 1.20% Johnston $1,602.77 0.91% Lee $993.41 0.68% Source: RealtyTrac “Effective tax rate:” the average property tax owed on a single family home in 2014 divided by the average estimated value of a single family home as of the end of 2014
  • 10. Impact of CBD on Property Tax Revenue • A parcel of land in the Central Business district generates 5.58 times more annual property tax revenue than an average parcel of equivalent size in Chapel Hill. • The Central Business District occupies only .77% of the area of Chapel Hill, but represents 4.3% of its total property tax base.
  • 11. Find More Resources • Find Municipal Revenue Impact Analysis at downtownchapelhill.com/studies. • Find the Chamber’s State of the Community Report at slideshare.net/carolinachamber.