Orange County NC Website
Browse       Search
5 <br /> the collection deposit date the County Finance Office will cause <br /> each governmental unit's share of that day's deposits to be <br /> transferred to an account as designated by the Finance Officer of <br /> each Town. The share of each unit shall be determined by a <br /> computer distribution of all payments. Daily transfer information <br /> will be provided to Carrboro,Chapel Hill, and Hillsborough by <br /> telephone call from the County Finance Office at or before 12:00 <br /> PM on the date of transfer. The County Finance Officer will <br /> provide monthly reports with detailed payment and distribution <br /> information to the Finance Officer of each governmental unit. <br /> Additionally,monthly reports will be provided which include a <br /> listing of any changes to the levy such as discoveries and taxes <br /> released, refunded, compromised,or in any way affected by <br /> actions of the County Board of Commissioners, Tax Collector or <br /> Assessor. <br /> The County's annual audit will include an audit of the tax <br /> collection system . Upon completion of such audit the County will <br /> provide each Town with a separate report containing the Town's <br /> tax levy and collection information to include the auditor's <br /> opinion.Any special audit requests shall be directed to the County <br /> Finance Officer and shall be paid for by the requesting unit <br /> through a supplemental billing directed by the County to the <br /> requesting unit. <br /> The County will bill each Town quarterly for its services in the <br /> operation of the joint tax collections system. This quarterly billing <br /> for each town will be computed at a rate of 5110 (one half) of 1% <br /> of the total taxes collected for each respective Town. Tax <br /> collections will be based on the monthly tax levy and collection <br /> information provided to the Towns as mentioned above. This <br />