Durham County budget will bring 2-cent tax-rate increase
Posted June 23, 2008 9:07 p.m. EDT
Updated June 24, 2008 11:50 a.m. EDT
Durham, N.C. — The Durham County Board of Commissioners on Monday approved a $683.9 million budget for 2008-09.
The budget, which includes a 7.25 percent increase for the county's school system, will result in a property tax rate of 70.81 cents per $100 of assessed value, the county said.
The rate is 1.99 cents more than property owners would have seen if the budget had been kept at the same level as 2007-08 after a property revaluation.
The owner of a $200,000 home will see taxes go up $39.80 from last year, a spokeswoman said.
The budget allocated $947,170 to 35 non-profit agencies.
The new financial year beings July 1.