If you pay both Durham county and city taxes, here is what most likely awaits you, according to this News & Observer story:
If both city and county officials adopt their managers’ proposed tax increases next month, a city resident with a home value of $186,000 would pay about $2,373 in property taxes to the city and county. That would be a combined 7 percent increase over last year’s tax bill.
County Manager Mike Ruffin says he needs more property tax revenue for two reasons:
1. More money for county schools
2. Debt. The cost of approving bond issues is coming home to roost (emphasis is mine):
The other major driver is a $3.5 million surge in the county’s debt payments — voters have approved three multimillion-dollar bond issues in the past five years for schools and other capital improvements.
