Morrisville, North Carolina
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Tax Rate Information
Council and staff anticipate a tax increase of up to four cents.  View the chart below to see what cost would be based on your property value:

 Property Value Cost Per Year Cost Per Month
 $100,000  $40  $3.33
 $150,000  $60  $5.00
 $200,000  $80  $6.67
 $250,000  $100  $8.33
 $298,835*  $119.53  $9.96
 $500,000  $200  $16.67
 $750,000  $300  $25.00
 $1,000,000  $400  $33.33
*Average Home Valuation in Morrisville

Council has discussed the possibility of increasing taxes by two cents over two increments in Fiscal Year 2014 and Fiscal Year 2018.  Should this occur, the breakdown can be seen here.

Click here to view debt maturity principle and interest rates.  The graph shows equivalent tax rate for debt service obligation for current debt plus new project debt projected at a 5% interest rate.



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