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V( 198 `C puns„ Of 69 <br /> FINANCE DEPARTMENT 17 1$, <br /> b <br /> -0rrh (Car''‘‘o <br /> ORANGE COUNTY <br /> GORDON R. BAKER <br /> DIRECTOR <br /> MEMORANDUM <br /> To: County Manager <br /> From: Finance Director <br /> Subject: Land Transfer Tax <br /> Date: April 3, 1987 <br /> Based upon the funds generated by the revenue stamps in the Register of Deeds <br /> office, the attached table illustrates how a land transfer tax of one percent <br /> (1%) would have been distributed for the 1985-86 fiscal year. The actual amounts <br /> of transfer tax would have been greater than the amounts shown because the <br /> revenue stamps are not an indication of the total market value of real property <br /> transfers. Unfortunately, the County does not have this data available in its <br /> files. However, the amounts shown are an indication of how a tax would have <br /> been distributed under the methods possible. <br /> 106 EAST MARGARET LANE • HILLSBOROUGH NORTH CAROLINA 27278 • 919/732-8181 <br />