Orange County NC Website
Browse       Search
State Sales and Use Tax Information inc. Gross Collections and Taxable Sales FY 2009 - 2010 (July 1-June 30) <br />Classification of Sales: Orange Alamance Durham Chatham <br />1. Unclassified Sales 21% 28% 45% 20% <br />2. Food Sales (inc. resturants) 35% 20% 15% 21 <br />3. General Merchandise 20% 25% 22% 28% <br />4. Lumber and Bldg Materials 12% 11 % 6% 17% <br />5. Automotive Supplies 0.05% 0.07% 0.04% 0.08% <br />6, Apparel 0.04% 0.05% 0.05% 0.01 <br />7. Furniture 0.02% 0.03% 0.02% 0.06% <br />Total Sales $946,263,485 $1,382,375,460 $3,778,439,315 $321,040,737 <br />Multiple of Orange Taxable Sales 100%~ 146% 399% 34% <br />Sales Tax Related Items of Interest Worth Noting: <br />Orange County and its Towns have traditionally been reluctant to host large scale retail projects. Without assuming any specific postion with <br />regards to socio-economic consdierations regarding retail development, it is important to recongnize the impacts of such development. <br />According to corporate financial reports: <br />1. The average Walmart Super Store generates annual retail sales of $69 Million per year. <br />2. The average Sams Wholesale Store generates $79 Million per year. <br />3. The average COSTCO Store generates $135 Million per year. A COSTCO would equate to 14% of current retail sales in Orange County <br />Large scale retail projects "properly" located within Orange County would have major impact on local sales tax revenues and. represent <br />a potential significant economic development opportunity, especially along the Interstate 85 transportation corrider. <br />1-28-11 fwc <br />J <br />