Some Chapel Hill homeowners could pay higher property taxes next year as the town tries to preserve programs that help its most vulnerable residents.
The town faces state and federal funding cuts, plus a drop in sales tax revenue, which pays a quarter of its operating costs , Finance Officer Amy Oland said.
Meanwhile, many homeowners saw their property values soar after Orange County’s recent revaluation . The countywide property tax base is up 38.6%, tax officials said. In Chapel Hill, the property tax base is up 34.8%…