It’s looking like Orange County might be able to stave off property tax increases for at least one more year.
Orange County Commissioners reviewed the county’s budget during their annual retreat Friday.
Interim county manager Michael Talbert said the board will eventually have to increase the county property tax. At 85.8 cents per $100 valuation, Orange County’s property tax is already one of the highest in the state.
Property tax growth is natural growth in tax base, said Commissioner Mark Dorosin.
“The new growth is just brand new property coming online,” Dorosin said.
Talbert said it was too early to know what kind of increase the county might be looking at in years to come.
“These are early numbers,” Talbert said. “These go off December … These will change some as we go forward.”
Faster incentives
In September, Japanese candy maker Morinaga America announced its plans to build a 20-acre candy factory in Mebane.