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  The Chatham County Tax Advantage


People often hear that one of Governors Club’s many benefits is having a Chapel Hill address while paying Chatham County taxes. The following table illustrates just how great of an advantage it really is!
 

 

Governors Club

Chapel Hill Neighborhood

Price of Home
Annual Tax Rate
Annual Tax
Taxes per month

$500,000
$.723/$100
$3,615
$301
$500,000
$1.809/$100
$9,045
$754


Mortgage payment with taxes included is $453 less per month for a $500,000 home in Governors Club versus a $500,000 home in Chapel Hill.

OR SAID ANOTHER WAY:

You can buy a $569,000 house in Governors Club and have the same mortgage payment with taxes included as you would for a $500,000 house in Chapel Hill.

This example is based on a 30 year mortgage with a fixed interest rate of 6.75%.