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20 <br /> 1 Current System: "Billing in Arrears" <br /> 2 • On average, 66% of Registered Motor Vehicle (RMV) bills are paid on time <br /> 3 • In a full fiscal year, vehicle tax collections across are significantly less than annual bills <br /> 4 • Figure 1- Fiscal Year Ended June 30, 2011 Collections (Table) <br /> 5 <br /> 6 New System <br /> 7 • "Tag and Tax" project <br /> 8 • Combines vehicle property tax notice and payment with the vehicle registration process <br /> 9 • Invitation to renew <br /> 10 - Registration fee and vehicle tax notice sent in advance <br /> 11 • Taxpayers must pay vehicle property tax at same time as vehicle registration fee <br /> 12 - Must be paid in full <br /> 13 <br /> 14 New System <br /> 15 • Assessor determines value, situs, and taxable status of the vehicle in advance— not in <br /> 16 arrears <br /> 17 • File is "delivered" to DMV to prepare the invitations to renew the registration <br /> 18 • Taxes must be paid in order to obtain the registration — no partial payments will be <br /> 19 allowed <br /> 20 <br /> 21 Configuration <br /> 22 • Vehicle Tax System (VTS) will be a separate system housed by the NC Department of <br /> 23 Revenue <br /> 24 • NCDMV responsible for titles and registrations <br /> 25 • NCDOR responsible for tax administration of vehicles <br /> 26 <br /> 27 Project Goals <br /> 28 • To improve the citizen's experience <br /> 29 - Reduce the number of government interactions <br /> 30 - Eliminate the need for delinquent vehicle collections <br /> 31 • Reduce/share costs <br /> 32 - Duplicate mailings (postage, materials, handling, etc.) <br /> 33 • Increase efficiency of an existing tax <br /> 34 - Improve collections and revenues <br /> 35 - Improved compliance <br /> 36 - <br /> 37 Implementation <br /> 38 • Counties work first files in the new VTS April, 2013 <br /> 39 - Combined notices in mailboxes by June 1, 2013 <br /> 40 • Old and new system will overlap for four months <br /> 41 - Change in due date <br /> 42 • Counties to work files in two systems for five months <br /> 43 <br /> 44 Renewals <br /> 45 • Assessor will situs and assess vehicles in VTS <br /> 46 • VTS will send amount of taxes due to STARS system <br /> 47 • DMV will mail and collect <br /> 48 • Due date will be 15th of the month <br /> 49 • Valuation appeal must be made within 30 days of due date <br />