Orange County NC Website
Amount Charged in <br />Tax Year 2013 FY 13 -14 <br />Current Year Taxes $ 137,868,792.00 <br />*Current Year VTS Taxes <br />Prior Year Taxes $ 4,163,721.00 <br />Total $ 142,032,513.00 <br />Amount Charged in <br />Tax Year 2012 FY 12 -13 <br />urrent Year Taxes $ 135,068,463.00 <br />Prior Year Taxes $ 4,026,736.27 <br />Total $ 139,095,199.27 <br />INFORMATION ITEM <br />Tax Collector's Report - Numerical Analysis <br />� C � � � _ � <br />Amount Budgeted in <br />Amount Collected <br />64, 570, 716.39 <br />402,790.83 <br />1,001,242.95 <br />65,974,750.17 <br />Amount Collected <br />58,545,871.37 <br />974,661.67 <br />59,520,533.04 <br />nt Year Overall Collection Percentage Tax Year 2013 <br />nt Year Overall Collection Percentage Tax Year 2012 <br />Accounts Receivable* FY 13 -14 <br />$ 68,301,666.19 1 $ 137,868,792.00 <br />of Budget <br />Remaining Budget Collected <br />$ 73,298,075.61 47.13% <br />$ 3,137,114.92 $ 994,130.00 1 $ (7,112.95) 100.725/o <br />$ 71,438,781.11 $ 138,862,922.00 1 $ 73,290,962.66 47.51% <br />48.72% <br />43.72% <br />*Effective with September 2013 vehicle registration renewals, the Orange County Tax Office will generally no longer bill and collect for registered motor <br />vehicles. This is in accordance with new State law, House Bill 1779. In an effort of full transparency, the tax office has modified its Collector's Report <br />format to include taxes billed and collected through the new Vehicle Tax System (VTS). Including this figure will show the Collector's progress toward <br />meeting the overall tax revenue budget. Note that reconciliation for these taxes is monthly, so this figure will not change with each report. <br />Amount Budgeted in <br />% of Budget <br />Accounts Receivable <br />FY 12 -13 <br />Remaining Budget <br />Collected <br />$ 75,846,344.22 <br />$ <br />135,068,463.00 <br />$ 76,522,591.63 <br />43.35% <br />$ 2,756,957.11 <br />$ <br />994,130.00 <br />$ 19,468.33 <br />98.04% <br />$ 78,603,301.33 <br />$ <br />136,062,593.00 <br />$ 76,542,059.96 <br />43.74% <br />48.72% <br />43.72% <br />*Effective with September 2013 vehicle registration renewals, the Orange County Tax Office will generally no longer bill and collect for registered motor <br />vehicles. This is in accordance with new State law, House Bill 1779. In an effort of full transparency, the tax office has modified its Collector's Report <br />format to include taxes billed and collected through the new Vehicle Tax System (VTS). Including this figure will show the Collector's progress toward <br />meeting the overall tax revenue budget. Note that reconciliation for these taxes is monthly, so this figure will not change with each report. <br />