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Old 07-24-2009, 11:27 AM
 
4 posts, read 8,077 times
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Hello --

We are looking at houses in the Chapel Hill school district and are wondering if there is any risk to purchasing in an area with low county taxes but still zoned for CHC schools (Oxbow Crossing, for example). We are not concerned about our taxes going up (and will deal with it if they do) but ARE concerned about getting redistricted out of the Chapel Hill school district. Does that ever happen?

Somewhat related: any insight on why homes are sitting so long in Southern Village? I know the market is slow right now (good for us!!) but that area seems particularly hard hit as things are listing for below tax value and are still not moving. Everything you read about SV says houses often sell by word of mouth -- that doesn't seem to be the case anymore. Anyone know why? SV is lower on our list of options because the lots are so small, but we're still considering it.
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Old 07-24-2009, 11:48 AM
 
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Quote:
Originally Posted by tbcecl View Post
Hello --

We are looking at houses in the Chapel Hill school district and are wondering if there is any risk to purchasing in an area with low county taxes but still zoned for CHC schools (Oxbow Crossing, for example). We are not concerned about our taxes going up (and will deal with it if they do) but ARE concerned about getting redistricted out of the Chapel Hill school district. Does that ever happen?
I don't have the answer but have you tried calling CHC school district and or someone w/ the city?

As far as SV goes, it always seemed over valued to me. Maybe this is one of those areas where the market is correcting itself. And yes, I honestly believe that some market correction is happening in pockets of the Triangle.... not all areas of the Triangle but certainly pockets. That doesn't mean that you'll see or notice these corrections when you look at overall sales of a city. Just my 2 cents.... but I'm not a real estate professional.
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Old 07-24-2009, 11:50 AM
 
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You can buy in the county which will have lower taxes and still be in CH/C school district, so you wouldn't be paying the city taxes. But, one reason taxes are higher is b/c you pay a separate school tax which you would still have to pay if you are zoned to CH/C schools. They would not change that zoning.
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Old 07-24-2009, 12:10 PM
 
Location: Chapel Hill, N.C.
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Not sure if this is what you are concerned with but if you want to insure your kids stay in the same school, buy in a "walking zone" of that school. No bus service but you can guarantee you won't have to change schools. I know several families who have done that. Good luck. The schools are worth the increased taxes and all who take advantage of these superior schools should have to pay their fair share.
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Old 07-24-2009, 12:11 PM
 
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makes perfect sense. thank you!
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Old 07-24-2009, 03:06 PM
 
Location: Chapel Hill, NC
149 posts, read 410,425 times
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coltank is right about the reasoning. They won't change that. At least I hope not.

My personal opinion, but I think SV attracts a lot of out of staters and there really isn't that kind of corporate movement going on right now. That may be part of the reason.

FYI there is at least one home on Bayberry in Chapel Hill that would meet your county tax/CH schools criteria. A couple of others for sale in that neighborhood too.
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