Agenda - 09-22-2008 - 5 - Laserfiche WebLink

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➢ Rental Car Tag* 3 County: Revenue over 25 years: Section 3 - Financial Plan odditional) 5% (additional) 10% $8.7 in $175 m $2175 m $4375 in * Revenue for future Triangle Transit fixed - guideway project(a) are based on a 5% car rental tax levied. ➢ Real Estate Property Tag Durham: Orange: Revenue per year. Revenue over 25 years: > Real Estate Transfer Tax Durham: Orange: Revenue per year: Revenue over 25 years: $OA5 / $100 (0.05 %) $010 / $100 (0.1 %) $8.7 in $173 m $55m $10.9m $14.2 m $28.2 m $355 m $705 in $0.20 / $100 (0.2 0/,,)* $0.40 / $100 (0.4 0/o) ** $5.1 in $10.2 in $20m $4.1m $7.1 m $143 m $1775 in $3575 m * The State of North Carolina currently levies a 0.2% tax on any real estate transfer. ** In 2007, the State Lekislature authorized an additional 0.4% local option real estate transfer tax. ➢ Vehicle Property Tax $0.05 / $100 (.05 %) A-10 / $100 (0.1 0%) Durham: $0.8 m $1.7 in Orange: $0.4 m $0.9 m .Revenue per year. $1.2 in $2.6 in Revenue over 25 years: $30 m $65 in * PersonalNehicle property tax must be congruent with Real (Estate) property tax rates per Art. 5 of the NC Constitution 9 Income Tax 0.10% 0.25% 0.50% Durham: $3.6 in $7.4 in $14.8 in Orange: $2.6 in .$5-.2 in $10:4 m Revenue per year. $6.2 in $12.6 m $25.2 m Revenue over 25 years: $155 m $315 m $630 m 3-4