2007-08 Adopted Plan - Wake County Public School System

Tax DataAs reported in The North Carolina Association of County Commissioners web site www.ncacc.org/taxrate.htmCounties with the Largest School Districts in North CarolinaCounties in North Carolina that Surround Wake CountyCountyTax Rate2006-2007Tax Rate2005-2006Tax Rate2004-2005Tax Rate2003-2004CountyTax Rate2006-2007Tax Rate2005-2006Tax Rate2004-2005Tax Rate2003-2004Cumberland $0.8800 $0.8800 $0.8800 $0.8800Mecklenburg $0.8189 $0.8368 $0.7567 $0.7364Forsyth $0.6660 $0.6660 $0.7080 $0.6920Guilford $0.6615 $0.6428 $0.6184 $0.7135Wake $0.6340 $0.6040 $0.6040 $0.6040Durham $0.8090 $0.8090 $0.7900 $0.7630Franklin $0.7900 $0.7900 $0.7900 $0.9995Johnston $0.7800 $0.7800 $0.7800 $0.7800Chatham $0.5970 $0.5970 $0.6464 $0.6464Vance $0.9200 $0.9200 $0.9000 $0.9000Granville $0.7000 $0.7000 $0.6350 $0.6350Harnett $0.7350 $0.7350 $0.7350 $0.7350Wake $0.6340 $0.6040 $0.6040 $0.6040As reported in the Wake County, North Carolina, Comprehensive Annual Financial Report for the year ended June 30, 2006.WAKE COUNTYHistorical Comparison of Assessed Value of Taxable PropertyFiscal Year Ended June 30 Real Property Personal PropertyPublic ServiceCompaniesTotal AssessedValue (1)County-wide TaxRate (3)Special TaxDistricts TaxRate (3)Average CountyTax Rate (3)2006 $59,677,957,346 $12,084,539,414 $3,405,223,801 $75,134,720,561 $0.604 $0.10 $0.7342005 56,733,308,581 10,954,988,975 3,436,614,540 71,124,912,096 0.604 0.10 0.7042004 54,347,709,322 10,601,740,204 3,477,604,369 68,427,053,895 0.604 0.10 0.704Note:(1)All taxable property is subject to the county-wide tax. Most property in unincorporated areas is subject to special district taxes. The County’s property tax is levied each July 1 onthe assessed value listed as of the prior January 1 for all real and personal property located in the County except for certain registered motor vehicles which are assessed anc collectedthroughout the year. Assessed valuations are established by the Board of County Commissioners at 100% of estimated market value for real property and 100% of actual value forpersonal property. Public service company property is certified by the State of North Carolina at 100% of actual value, with no distinction between real and personal property values.(2)A revaluation of real property is required by N.C. General Statutes at least every eight years. The last revaluation was completed for the tax year 2000.(3)Per $1,000 of value.377 FY 2007-08 Plan for Student Success