Chatham holds line on county tax rate

From staff reportsJune 21, 2013 

  • Your tax bill

    The combined county and town tax bill will be

    • Pittsboro: $1,978.40 if the town tax rate stays the same

    • Siler City: $2,143.80

— After two earlier public hearings, the Chatham County Board of Commissioners made minor adjustments this week to the budget proposed by the county manager’s office.

The changes did not impact the property tax rate, which will remain at 62.19 cents per $100 of assessed property value. The county property tax bill on a $200,000 home, not counting any applicable town taxes, will be $1,243.80.

The revisions made Monday added just $11,399 to the budget, which is offset by needed adjustments in estimated revenues. The adjusted revenues also allow the county to reduce by nearly $50,000 the fund balance appropriation needed to cover budget expenses. The fund balance is an account used to manage cash flow and pay for unforeseen expenses during the year.

“We did not make many changes because we felt that the budget proposed by the County Manager’s Office reflected our desire to hold the line on property taxes while helping the county make notable progress on identified board priorities,” Commissioners Chairman Walter Petty said.

Petty added: “I am pleased that we could continue making progress toward obtaining a AAA bond rating, while supporting the needs of our public schools. We also continued overall funding for nonprofits at the same level as previous years, which helps support many critical services in our communities.”

The only budget increase approved by commissioners will allow the county to hire four new 911 Center telecommunicators several months earlier than had been budgeted. The 911 Center has seen major increases in call volume over the past four years.

The Town of Pittsboro had not yet passed its 2013-14 budget. The current rate is 36.73 cents per $100, or $734.60 on a $200,000 house. The Town Board has discussed a budget with and without a tax increase, Town Manager Bryan Gruesbeck said.

The Town of Siler City adopted its 2013-14 Budget on Monday The tax rate will remain unchanged at 45 cents per $100 of assessed property value, or $900 on a $200,000 house.

Aside from some minor adjustments, an increase in solid waste collection fees is the only notable change in the town’s fee schedule (from $4.76 residential and $6.70 commercial to $10.93 for residential and commercial per month), Town Manager Bryan Thompson said.

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