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4 <br /> property tax original budget accounted for a 3%tax base loss due to appeals. With 15% of appeals remaining to <br /> complete, the total value change is at .79%well within the 3% budgeted adjustment. <br /> • Motor vehicle taxes are payable on the vehicle renewal date, and the tax is based on market value of the vehicle. <br /> The State remits this tax to the County on a monthly basis. <br /> • Sales Tax has a three-month revenue lag from the NC Department of Revenue (NCDOR) with the first month of July <br /> collections to be received by local governments in October 2025. The flowchart below illustrates this three-month <br /> lag. <br /> Sequencing of Local Sales Tax Collections & Receipt <br /> July = Sale Aug. = Vendor Sept. = DoR Oct. 15 = County <br /> submits report reconciles receives $ <br /> Tropical Storm Chantal, which occurred in July 2025 resulted in business closures and lower sales in parts of the <br /> County's commercial base. As noted on the flowchart and table below, Articles 39 and 42 both, which are both <br /> points of delivery, correlate directly with the local economic base. Both Articles 39 and 42 provide comparison <br /> of impacts that can be attributed to Chantal as indicated by the flat growth for the month of July 2025 versus <br /> July 2024. The second quarter report will provide three months of sales tax activity for further analysis. <br /> July Sales FY 2026 versus FY 2025 <br /> FY 2026 FY 2025 %Change Methodology <br /> Article 39 $ 1,480,159 $ 1,478,163 0.14% Point of Delivery <br /> Article 40 $ 1,077,212 $ 1,024,820 5.11% State Per Capita <br /> Article 42 $ 742,194 $ 740,264 0.26% Point of Delivery <br /> July Sales FY 2025 versus FY 2024 <br /> FY 2025 FY 2024 %Change Methodology <br /> Article 39 $ 1,478,163 $ 1,356,984 8.93% Point of Delivery <br /> Article 40 $ 1,024,820 $ 1,032,728 -0.77% State Per Capita <br /> Article 42 $ 740,264 $ 681,783 8.58% Point of Delivery <br /> 4 <br />