Orange County NC Website
INFORMATION ITEM <br />Tax Collector's Report - Numerical Analysis <br />Effective Date of <br />Report: November16, 2014 <br />Tax Year 2014 <br />Amount Charged in <br />FY 14 -15 <br />Amount Collected* <br />Accounts <br />Receivable ** <br />Amount Budgeted in <br />FY 14 -15 <br />Remaining Budget <br />% of Budget <br />Collected <br />Current Year Taxes <br />$ 135,734,649.00 <br />37,818,827.80 <br />$ 97,845,282.54 <br />$ 135,734,649.00 <br />$ 97,915,821.20 <br />27.86% <br />Prior Year Taxes <br />$ 3,764,940.44 <br />766,809.62 <br />$ 2,971,801.39 <br />$ 994,130.00 <br />$ 227,320.38 <br />77.13% <br />Total <br />$ 139,499,589.44 <br />38,585,637.42 <br />$ 100,817,083.93 <br />$ 136,728,779.00 <br />$ 98,143,141.58 <br />28.22% <br />M <br />Tax Year 2013 <br />Amount Charged in <br />FY 13 -14 <br />Amount Collected <br />Accounts Receivable <br />Amount Budgeted in <br />FY 13 -14 <br />Remaining Budget <br />% of Budget <br />Collected <br />Current Year Taxes <br />$ 130,682,492.00 <br />61,955,521.00 <br />$ 66,722,051.68 <br />$ 130,682,492.00 <br />$ 68,726,971.00 <br />47.41% <br />Prior Year Taxes <br />$ 4,163,721.00 <br />1,001,242.95 <br />$ 3,137,114.92 <br />$ 994,130.00 <br />$ (7,112.95) <br />100.72% <br />Total <br />$ 134,846,213.00 <br />62,956,763.95 <br />$ 69,859,166.60 <br />$ 131,676,622.00 <br />$ 68,719,858.05 <br />47.81% <br />Current Year Overall Collection Percentage Tax Year 2014 <br />28.47% <br />Current Year Overall Collection Percentage Tax Year 2013 <br />1 48.17% <br />*By this time in 2013 the Orange County Tax Office had received a very large payment from a mortgage processing company that increased the amount <br />collected drastically. As of the time of this report, the same company has not yet submitted this payment for 2014. This results in a drastic difference in the <br />Amount Collected year to date. <br />* *The Orange County Tax Office was able to bill all public utility companies much sooner this year than last year. This results in an increased Remaining <br />Budget, as the bills have been mailed but not yet paid. <br />