Taxes
Orange
County Tax Assessor
(919)
732-8181 Ext. 2100
State income tax is due April 15. NC taxable
income is taxable income as calculated for federal
income tax purposes, with adjustments. Maximum
rate is 7.75% ($100,000 joint; $60,000 single).
You are required to pay estimated income tax if
the tax due (less NC tax with held and allowable
tax credits) is $500 or more.
Property tax is appraised at least every
eight years and assessed for taxation at 100 percent
of fair market value. Tax rates for 1997-98 are
59.6 cents per $100 valuation for Chapel Hill;
74.75 cents for Carrboro; 19 cents for Chapel
Hill-Carrboro schools; and 99.75 cents per $100
valuation for Orange County. Real and personal
property must be listed with the county during
January each year. Next valuation is in 1998.
People with incomes of $15,000 or less, and age
65 + or disabled may qualified to have the first
$20,000 of county tax evaluation forgiven. Forms
must be filed by April 15 with the county tax
assessor. For more information call the county
tax assessor at (919) 732-8181 (Ext. 2100) and
ask for information about the Homestead Act.
Sales tax rate is 6 % (4 % state, 2 %
is returned to local and county governments);
and there is a 3 % rate applied to sales of most
utility services. Food items are taxed at 4% as
of July 1, 1998. Additional state taxes are included
in the purchase price of alcoholic beverages,
cigarettes and gasoline.
Highway Use Tax is 3% of the retail value
of the motor vehicle (maximum tax is $1,500).
New residents moving into NC pay 3% of the wholesale
value of their automobiles (Maximum tax is $150),
a one time fee.
A municipal motor vehicle fee for owners
within city limits is collected annually.
The town property taxes are in addition
to county property taxes. They are billed and
collected at the same time as county taxes. The
town rates for 1997-98 are:
| Town |
Rate
(Cents per $100 Valuation) |
| Carrboro |
63.75 |
| Chapel
Hill |
53.80 |
| Hillsborough |
45.00 |
Ad
valorem tax is collected on real and personal
property. Property tax is assessed on the
basis of 100% of the appraised valuation. The
general tax rate in Orange County for 1997-98
is 87.3 cents per $100 assessed valuation. Mobile
homes, boats and motors, jet skis, aircraft, and
any unlicensed vehicles must be listed with Assessor's
Office by Jan. 31. The new rate is normally set
by June 30. Tax payments are due Sept. 1; deadline
Jan. 15. Taxes on Licensed vehicles are billed
within three months of issuance of state registration.
In
the Chapel Hill-Carrboro City School District,
an additional tax supplements funds appropriated
by the county and state for the city schools.
It is billed and collected at the same time as
other county and town property taxes. The 1997-98
rate is 17.9 cents per $100 valuation. The rate
is set by the Orange County Commissioners, based
on School Board requests, normally by June 30.
Special
fire districts outside of the towns are supported
by property taxes, set annually for each district
by the County Commissioners. Fire district taxes
are collected at the same time as other property
taxes.
Links
to the outside information sources listed above
are provided as a courtesy only. Franklin Street
Realty is not responsible for the information they
contain. These links do not represent or imply the
endorsement of the policies and/or products of the
outside agencies or organizations in question.
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