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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, 2010
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<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 Levy
<br />Vehicles
<br />Vehicles
<br />Original levy
<br />Property taxed at current year's rate
<br />$ 20,917,808,884
<br />0.63 $131,779,953
<br />$126,574,988
<br />$5,204,965
<br />Motor vehicles taxed at prior year's rate
<br />518,373,513
<br />0.63 3,265,450
<br />-
<br />3,265,450
<br />Penalties
<br />-
<br />429,017
<br />429,017
<br />Total
<br />21,436,182,397
<br />135,474,420
<br />127,004,005
<br />8,470,415
<br />Discoveries
<br />Current year taxes
<br />Current year's rate
<br />57,313,098
<br />0.63 361,037
<br />320,121
<br />40,916
<br />Prior year's rate
<br />4,917,933
<br />30,816
<br />-
<br />30,816
<br />Prior year taxes
<br />-
<br />616,756
<br />616,756
<br />-
<br />Penalties
<br />-
<br />97,338
<br />97,338
<br />Total
<br />62,231,031
<br />1,105,947
<br />1,034,215
<br />71,732
<br />Abatements
<br />Current year's rate
<br />(158,446,669)
<br />(995,463)
<br />(922,060)
<br />(73,403)
<br />Prior year's rate
<br />(10,278,622)
<br />(64,755)
<br />(64,755)
<br />Penalties
<br />(288,741)
<br />(288,741)
<br />Total
<br />(168,725,291)
<br />(1,348,959)
<br />(1,210,801)
<br />(138,158)
<br />Total property valuation
<br />$ 21,329,688,137
<br />Net levy
<br />135,231,408
<br />126,827,419
<br />8,403,989
<br />Uncollected taxes at June 30, 2010 (Schedule 29)
<br />3,447,262
<br />2,555,102
<br />892,160
<br />Current year's taxes collected (Schedule 29)
<br />$ 131,784,146
<br />$ 124,272,317
<br />$ 7,511,829
<br />Current year collection percentage
<br />97.45%
<br />97.99%
<br />89.38%
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