Chapel Hill Council opts for no tax hike

Jun 14, 2007 News Jump to Comments

The Chapel Hill Town Council on Monday voted not to increase taxes for the 2007-08 fiscal year.

The municipal property tax rate will remain at 52.2 cents per $100 property valuation. This is the third year in a row that Chapel Hill has not increased the tax rate.

Orange County has proposed a tax rate of 94 cents, an increase of 3.7 cents. For a $200,000 home, the owner would pay about $2,920 in municipal and county taxes combined.

Town Manager Roger Stancil had recommended a tax increase of 1.9 cents, but the council requested budget changes to maintain the tax rate.



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