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 />99.77% <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 />� Cv - -nr -: <br />Amount Collected <br />133,485,333.65 <br />4,636,707.48 <br />1,727,887.20 <br />139,849,928.33 <br />Amount Collected <br />134,761,848.99 <br />1,727,887.20 <br />136,489,736.19 <br />urrent Year Overall Collection Percentage Tax Year 2013 <br />urrent Year Overall Collection Percentage Tax Year 2012 <br />312 20141 <br />Amount Budgeted in <br />Accounts Receivable* FY 13 -14 <br />S 1.985.348.96 S 137.868.792.00 <br />%of Budget <br />Remaining Budget Collected <br />(253,249.13) 100.18% <br />$ 2,294,745.19 1 $ 994,130.00 1 $ (733,757.20) 173.815o <br />$ 4,280,094.15 1 $ 138,862,922.00 1 $ (987,006.33)1 100.71% <br />Accounts Receivable <br />$ 2,767,206.89 <br />$ 2,294,745.19 <br />$ 5,061,952.08 <br />98.54% <br />97.99% <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 />$ 306,614.01 <br />99.77% <br />$ (733,757.20) <br />173.81% <br />$ (427,143.19) <br />100.31% <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 />