FY 2008/9 Property Tax Rates (as of 7/16/2008)

 (approximate values for tax bills to be sent out during 2008 for payment by Jan 2009 - links below for actual rate tables for county/cities.  To search for tax rate and assessed value for any specific house click on sidebar 'Property Tax Record Search")

County/City/Schools                                                                      $ Rate per $1000 of valuation

                                                                                                                FY 2007/8                FY 2008/9

Orange / Orange County Schools                                                         1.00                      1.06
Orange / Chapel Hill Schools                                                                1.20                      1.31
Orange / Chapel Hill City / Chapel Hill Schools                                 1.68                      1.81
Orange / Carrboro City / Chapel Hill Schools                                     1.81                      1.91
Orange / Durham City (Orange County Schools)                               1.57                      1.54
Orange / Hillsborough City (Orange County Schools)                      1.59                      1.67
Durham / Chapel Hill City (Durham County Schools)                       1.35                      1.29
Durham / Durham City                                                                             1.42                      1.25 
Chatham (range includes any fire district or city)                      0.68-1.07           0.71 - 1.10
Wake (range includes any fire district or city)                            1.08-1.30            0.87 - 1.10

$500,000 assessed value in Carrboro:  5000 x 1.91 = $9550 annual property tax
$500,000 assessed value in Chatham: 5000 x 0.71 = $3550 annual property tax

Note: above rates are approximate and for comparative purposes only. For example, Orange County has about 27 different rates.  Within each county there may be specific school and / or city taxes or fire districts with various rates.

For Chatham County Tax Tables for various cities and fire areas: www.chathamnc.org/Index.aspx

For Durham County Tax Tables for various cities and fire districts: www.durhamcountync.gov/departments/txad/Tax_Rates.html

For Orange County Tax Tables for various cities and fire districts: www.co.orange.nc.us/revenue/tax_rates.asp

For Wake County Tax Tables for various cities and fire districts: www.wakegov.com/NR/rdonlyres/AC8EA9E6-C572-4C65-8B15-8AC9CAB2D1B0/0/TaxRates2007.pdf

For specific county tax rates throughout North Carolina and the reasons driving increases click on the following link:  www.ncacc.org/taxrates08.html

To contact me with any questions, click billfreeman@frgnc.com


Assessed valuations:

By NC law each county must reassess property values to "market" at least every eight years. Actual revaluations occur every 3 to 8 years depending on the county. The valuation process is separate from the tax rate process. For example, as part of their 2008 valuation process, Durham County revalued all properties to market and sent notices to homeowners in November 2007.  The new valuations are effective January 1, 2008. By mid year 2008 most appeals have been heard and final valuations are now set.  The County and City have set their 2008 tax rates based on budgetary needs, the 2008/9 rates declined.
Any new property not valued by January 1, 2008 typically will be valued sometime after closing as if it were constructed on January 1, 2008.

Last assessments: Durham & Wake for  FY2008/9, Chatham for FY 2007/8

Next assesments: Orange during 2009 (now) for FY2009/10 taxes