Orange County NC Website
• <br /> 4 <br /> 12. The formula for t7NC AHEC Light Twin is:* <br /> 400 hours per year X 25 gph X <br /> 10 cents fee $1, 000. 00 <br /> X $15. 00 X . 025 Mx fee 150.00 <br /> $50.00 per month hanger (or equiv. ) 600. 00 <br /> Annual revenue to county per aircraft $1,750. 00 <br /> 13. The formula for Corporate Turbine Twin is: * <br /> 400 hours per year X 50 gph X <br /> 10 cents fee $1,400. 00 <br /> X 50 gph X $1.50 X 2% 600. 00 <br /> X 30.00 X .025 300.00 <br /> X 20. 00 X 2% 160. 00 <br /> $75.00 per month hanger rent or equivalent 900.00 <br /> Personal property tax 2.000. 00 <br /> Annual revenue to county per aircraft $5,360. 00 <br /> * Indicates that the order and the meaning of the line items is <br /> the same as in assumption number 8. <br /> ** Note that sales tax returns to county go to the county, not to <br /> an agency of the county. Aviation generated sales tax would need <br /> to be identified locally and allocated to the airport account <br /> locally. <br /> • <br />