Orange County NC Website
Amount Charged in <br />FY 13 -14 <br />137.868.792.00 <br />Tax Year 2013 <br />%of Budget <br />Current Year Taxes <br />$ <br />*Current Year VTS Taxes <br />95.95% <br />Prior Year Taxes <br />$ <br />Total <br />$ <br />4,163, 721.00 <br />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 />� <br />m v <br />Amount Collected <br />130,254,299.51 <br />2,680,481.55 <br />1,312,910.86 <br />134,247,691.92 <br />Amount Collected <br />129,601,536.69 <br />1,257,050.02 <br />130,858,586.71 <br />urrent Year Overall Collection Percentage Tax Year 2013 <br />urrent Year Overall Collection Percentage Tax Year 2012 <br />ppn: February 141, 20141 <br />Amount Budgeted in <br />Accounts Receivable* FY 13 -14 <br />S 5.228.562.25 1 S 137.868.792.00 <br />%of Budget <br />Remaining Budget Collected <br />4,934,010.94 1 96.42% <br />$ 2,726,934.67 1 $ 994,130.00 1 $ (318,780.86) 132.07% <br />$ 7,955,496.92 1 $ 138,862,922.00 1 $ 4,615,230.08 1 96.68% <br />Accounts Receivable <br />$ 5,552,357.92 <br />$ 2,425,969.33 <br />$ 7,978,327.25 <br />96.15% <br />95.90% <br />Amount Budgeted in <br />FY 12 -13 <br />$ 135,068,463.00 <br />$ 994,130.00 <br />$ 136,062,593.00 <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 may not change with each report. <br />Changed calculation for Remaining Budget to include subtracting the VTS Collections <br />%of Budget <br />Remaining Budget <br />Collected <br />$ 5,466,926.31 <br />95.95% <br />$ (262,920.02) <br />126.45% <br />$ 5,204,006.29 <br />96.18% <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 may not change with each report. <br />Changed calculation for Remaining Budget to include subtracting the VTS Collections <br />