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Schedule 27
<br />Page 1 of 2
<br />Cabarrus County, North Carolina
<br />Analysis of Current Tax Levy
<br />For the Year Ended June 30, 2012
<br /> Total Levy
<br />Property
<br />excluding
<br /> County-WideRegisteredRegistered
<br /> PropertyTotalMotorMotor
<br /> ValuationRateLevyVehiclesVehicles
<br />Original levy
<br /> Property taxed at current year's rate20,672,459,029$ 0.63$130,234,713$124,626,101$5,608,612
<br /> Motor vehicles taxed at prior year's rate523,988,952 0.633,300,548 - 3,300,548
<br /> Penalties- 109,253 109,253 -
<br /> Total 21,196,447,981 133,644,514 124,735,354 8,909,160
<br />Discoveries
<br /> Current year taxes
<br /> Current year's rate 56,703,9200.63357,148 312,862 44,286
<br /> Prior year's rate 5,025,800 31,576 - 31,576
<br /> Prior year taxes - 618,568 618,568 -
<br /> Penalties - 142,862 142,862 -
<br /> Total 61,729,720 1,150,154 1,074,292 75,862
<br />Abatements
<br /> Current year's rate (244,890,880) (1,542,647) (1,473,022) (69,625)
<br /> Prior year's rate (9,163,235) (57,728) - (57,728)
<br /> Penalties - (14,688) (14,688) -
<br /> Total (254,054,115) (1,615,063) (1,487,710) (127,353)
<br />Total property valuation$ 21,004,123,586
<br />Net levy 133,179,605 124,321,936 8,857,669
<br />Uncollected taxes at June 30, 2012 (Schedule 26) 4,557,206 3,670,111 887,095
<br />Current year's taxes collected (Schedule 26)$ 128,622,399$ 120,651,825 7,970,574$
<br />Current year collection percentage96.58%97.05%89.99%
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