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November 29, 2000
<br />
<br />Valuations and Taxes
<br />
<br />Assessed Valuation for 1997-98
<br /> 1998-99
<br /> 1999-00
<br /> 2000-01
<br />
<br />2 Report No. 217-II
<br /> Cabarrus County
<br />
<br />Real Property
<br />Personal Property
<br />Public Service Cos.
<br />
<br />$ 7,346,060,000
<br /> 2,475,258,000
<br /> 208,302,000
<br />
<br />$ 6,702,091,632
<br /> 7,789,924,278
<br /> 9,680,147,971
<br />
<br />$ 10,029,620,000
<br />
<br /> Real property was reappraised for 1999 taxation and is listed at 100% of the 1999 appraised value.
<br />
<br />Tax Rate (Based on $100.00 assessed valuation)
<br />1997-98 $ .66
<br />1998-99 .70
<br />1999-00 .59*
<br />2000-01 .56
<br />
<br />* Real p_roperty was reappraised for 1999 taxation.
<br />
<br />Tax Collection Record (Fiscal year July 1st to June 30th)
<br /> 1997-98
<br />
<br />Levy
<br />Collected to 7-1-2000
<br />Uncollected
<br />Percent delinquent
<br />Collected in year levied
<br />Percent collected in year levied
<br />Uncollected 1996-97 and prior years $525~112
<br />
<br /> 1998-99
<br />44,047,894 $ 63,851,333
<br />43,813,337 63,347,643
<br />234,357 $ 503,690
<br /> .53% .79%
<br />42,870,603 $ 62,312,665
<br />97.33% 97.59%
<br />
<br />Largest Taxpayers (1999 Taxes)
<br /> Philip Moms, Inc. (cigarette mfg.)
<br /> Coming, Inc. (fiber optics)
<br /> Fieldcrest/Cannon (textiles)
<br /> Lowes Motor Speedway (auto racing)
<br /> Concord Telephone Company (telecommunications)
<br /> Duke Energy Corp. (energy services)
<br /> Pass & Seymour/Legrand (electronics)
<br /> Concord Mills Ltd. Parmership (shopping center)
<br /> Carolina Mall, LLC (shopping center)
<br /> Stardey Works (tool warehouse)
<br />
<br />Revenue and Expense (Fiscal year ended June 30, 1999)
<br />Revenue:
<br /> Ad Valorem Taxes
<br />
<br /> · Other Taxes - local option sales
<br /> Licenses, Permits and Fees
<br /> Intergovernmental
<br /> Sales & Services
<br /> Solid Waste Operations
<br /> Investment Earmngs
<br /> Miscellaneous
<br />
<br />$ 64,510,237
<br />15,769,423
<br />3,833,704
<br />14,570,991
<br />8,009,490
<br /> 621,971
<br /> 1,916,927
<br /> 811,692
<br />
<br />-continued-
<br />
<br /> 1999-00
<br />$ 57,858,576
<br /> 56,048,119
<br />$ 1,810,457
<br /> 3.13%
<br />$ 56,048,119
<br /> 96.87%
<br />
<br />$6,626,234
<br />1,374,444
<br />1,144,121
<br />572,866
<br />371,144
<br />348,128
<br />285,387
<br />283,712
<br />212,240
<br />~78,080
<br />
<br />$110,044,435
<br />
<br />
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