Orange County NC Website
Revenues <br />^ Property Taxes -Little Growth in Tax Base. Only 1 <br />percent in real property estimated for FY2011-2012 <br />^ Sales Taxes - A little growth expected in fiscal years <br />2011 and 2012 as the economy recovers from the <br />recession. <br />^ State Budget & Shared Revenues -Uncertain due to <br />the fiscal issues at the Federal and State levels. <br />Currently too uncertain to predict the affect on the <br />FY2011-12 budget. <br /> <br />Property Tax <br />^ 75% of the General Fund <br />^ 99% Historical High Collection Rate <br />^ 2010-2011 <br />Real Property Collection = $123 million <br />Vehicles ($8.2 million 2009) est $ 7 million <br />,z <br />6 <br />