Orange County NC Website
Browse       Search
15 <br /> PropertyTax Revenues <br /> • Property Tax collections are 16.5% of the total Property tax budget compared to 14.2% the prior fiscal <br /> year; this represents a timing variance in collections. Real and personal taxes are due September 1 with <br /> peak tax collections occurring in December prior to the assessment of penalties and interest. Assessed <br /> Values for FY 2020-21 by statute are as of January 1, 2020. The property tax category includes real, <br /> personal, and motor vehicle taxes. <br /> • Motor vehicles are 29% of the Motor Vehicle budget as compared to 26% in the prior fiscal year <br /> represents a timing variance. COVID related State legislation allowed taxpayers to delay renewing their <br /> registrations and tax payments for five months from March through August 2020. The FY 2020-21 <br /> increase is due to accrued payments over the five month period. <br /> • Motor vehicle taxes are payable on the vehicle renewal date and the tax is based on market value of the <br /> vehicle. The State remits this tax to the County on a monthly basis. <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />