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Schedule 30
<br />Page 1 of 2
<br />Cabarrus County, North Carolina
<br />Analysis of Current Tax Levy
<br />For the Year Ended June 30, 2011
<br />112 Attachment number 1
<br />1 -3 Page 240
<br />Total Levy
<br />Property
<br />excluding
<br />County -Wide
<br />Registered
<br />Registered
<br />Property
<br />Total
<br />Motor
<br />Motor
<br />Valuation
<br />Rate
<br />Levy
<br />Vehicles
<br />Vehicles
<br />Original levy
<br />Property taxed at current year's rate
<br />$ 20,781,125,085
<br />0.63
<br />$130,920,313
<br />$125,530,846
<br />$5,389,467
<br />Motor vehicles taxed at prior year's rate
<br />510,279,974
<br />0.63
<br />3,214,266
<br />-
<br />3,214,266
<br />Penalties
<br />-
<br />128,599
<br />128,599
<br />-
<br />Total
<br />21,291,405,059
<br />134,263,178
<br />125,659,445
<br />8,603,733
<br />Discoveries
<br />Current year taxes
<br />Current year's rate
<br />30,354,016
<br />0.63
<br />191,249
<br />158,114
<br />33,135
<br />Prior year's rate
<br />6,749,342
<br />42,359
<br />-
<br />42,359
<br />Prior year taxes
<br />-
<br />436,242
<br />436,242
<br />-
<br />Penalties
<br />-
<br />100,861
<br />100,861
<br />-
<br />Total
<br />37,103,358
<br />770,711
<br />695,217
<br />75,494
<br />Abatements
<br />Current year's rate
<br />(69,689,746)
<br />(439,197)
<br />(364,517)
<br />(74,680)
<br />Prior year's rate
<br />(13,079,921)
<br />(82,404)
<br />-
<br />(82,404)
<br />Penalties
<br />(13,752)
<br />(13,752)
<br />-
<br />Total
<br />(82,769,667)
<br />(535,353)
<br />(378,269)
<br />(157,084)
<br />Total property valuation
<br />$ 21,245,738,750
<br />Net levy
<br />134,498,536
<br />125,976,393
<br />8,522,143
<br />Uncollected taxes at June 30, 2011 (Schedule 29)
<br />3,764,132
<br />2,882,184
<br />881,948
<br />Current year's taxes collected (Schedule 29)
<br />$
<br />130,734,404
<br />$ 123,094,209 $
<br />7,640,195
<br />Current year collection percentage
<br />97.20%
<br />97.71%
<br />89.65%
<br />112 Attachment number 1
<br />1 -3 Page 240
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