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1998-1999 Tax Levy



This report covers 1998 billing through the fifth and final billing.  The fifth billing is complete and bills are dated June 1, 1999.  All tax amounts shown on this report are totals which include rounding (up or down) on fractions of cents in the computation of individual bills.  

 

Actual

Projected

Number of Bills

778,084

778,084

Real Property Value

$27,626,003,323

$27,626,003,323

Personal Property Value

$3,456,759,240

$3,456,759,240

P/Service Value

$2,809,577,045

$2,809,577,045

Vehicle Value 97/98  (.63)

$1,771,163,723

$1,771,163,723

Vehicle Value 98/99  (.63)

$3,287,354,529

$3,287,354,529

 

 

 

Total Value

$38,950,857,860

$38,950,857,860

 

Actual

Projected

Property Tax

$213,525,196.79

$213,521,739.53

Late List Penalty

$340,156.05

$340,156.05

Vehicle Tax 97/98  (.63)

$10,923,394.53

$10,923,394.53

Vehicle Tax 98/99  (.63)

$20,679,169.63

$20,679,169.63

Vehicle Interest

$867.10

$867.10

Sub Total

$245,468,784.10

$245,465,326.84

 

 

 

Tax @ 98% Collected

$240,559,408.42

$240,556,020.30

Rebates

($1,158,536.00)

($1,200,000.00)

Sub Total

$239,400,872.42

$239,356,020.30

Fire Tax

$7,751,036.92

$7,751,036.92

Fire Tax Late List

$13,209.25

$13,209.25

RTP District

$45,090.15

$45,090.15

RTP District Late List

$1,134.40

$1,134.40

Recycle Fee

$3,813,385.50

$3,813,385.50

 

 

 

Total Tax

$251,024,729

$250,979,877

 

Actual

Projected

Property Tax

$213,525,196.79

$213,521,739.53

Late List Penalty

$340,156.05

$340,156.05



PROPERTY VALUE BREAKDOWN BY YEARS WITH APPLICABLE RATES USED IN DETERMINING TOTAL PROPERTY TAX

Year

Property Value

Rate

Tax

1990

$2,000

0.88

$17.60

1991

$103,005

0.88

$906.44

1992

$215,346

0.66

$1,421.28

1993

$3,303,392

0.76

$25,105.80

1994

$4,133,179

0.76

$30,210.41

1995

$5,367,284

0.63

$32,797.64

1996

$9,609,458

0.63

$59,508.78

1997

$48,199,678

0.63

$302,628.67

1998 Real Property

$27,620,241,603

0.63

$174,006,787.85

1998 Personal Property

$3,404,602,772

0.63

21,447,472.38

P/Service Val

$2,796,561,891

0.63

$17,618,339.94

Vehicles 97/98

$1,771,163,723

0.63

$10,923,394.53

Vehicles 98/99

$3,287,354,529

0.63

$20,679,169.63

 

 

 

 

1998 Total

$38,879,924,518

 

$244,675,164.33

 

 

 

 

Grand Total

$38,950,857,860

 

$245,127,760.95

Year

Property Value

Rate

Tax

1990

$2,000

0.88

$17.60

1991

$103,005

0.88

$906.44

1992

$215,346

0.66

$1,421.28

1993

$3,303,392

0.76

$25,105.80

1994

$4,133,179

0.76

$30,210.41

1995

$5,367,284

0.63

$32,797.64

1996

$9,609,458

0.63

$59,508.78

1997

$48,199,678

0.63

$302,628.67

1998 Real Property

$27,620,241,603

0.63

$174,006,787.85

1998 Personal Property

$3,404,602,772

0.63

21,447,472.38

P/Service Val

$2,796,561,891

0.63

$17,618,339.94

Vehicles 97/98

$1,771,163,723

0.63

$10,923,394.53

Vehicles 98/99

$3,287,354,529

0.63

$20,679,169.63

 

 

 

 

1998 Total

$38,879,924,518

 

$244,675,164.33

 

 

 

 

Grand Total

$38,950,857,860

 

$245,127,760.95

 

WAKE COUNTY DEFERRED LAND TAX FOR 1998-1999 (TAX LEVY TOTALS)

 

# of Bills

Property Value

Property Tax

Fire Tax

Special Dist

 

 

 

 

 

 

Farm Land

4076

$769,628,620

$4,848,660.61

$582,474.89

$0.00

Historic

129

$15,755,709

$99,260.96

$1,143.61

$0.00

 

 

 

 

 

 

Total

4,205

$785,384,329

$4,947,921.57

$583,618.50

 

 

Fire District

Property Tax

Vehicle Tax

Late List

Total Tax

Apex

$335,679.57

$55,703.78

$342.05

$391,725.40

BayLeaf

$710,043.68

$109,343.22

$209.37

$819,596.27

Cary

$181,915.37

$18,931.77

$58.46

$200,905.60

Durham Highway

$437,426.28

$78,409.15

$201.59

$516,037.02

Fairgrounds

$125,325.13

$16,707.44

$80.12

$142,112.69

Fairview (Ten-Ten)

$572,747.55

$119,313.86

$697.35

$692,758.76

Falls

$153,089.50

$20,073.95

$31.03

$173,194.48

Fuquay Varina

$531,787.46

$111,897.25

$866.84

$644,551.55

Garner

$527,291.31

$118,560.39

$1,447.53

$647,299.23

Holly Springs

$87,217.86

$15,981.34

$155.38

$103,314.58

Hopkins

$91,706.28

$23,024.38

$169.24

$114,899.90

Knightdale (Alert)

$514,046.73

$109,933.38

$1,005.88

$624,985.99

Morrisville

$347,751.91

$16,214.97

$5,676.30

$369,643.18

Raleigh

$285.80

$22.18

$0.00

$307.98

Rolesville

$208,159.00

$45,110.91

$271.57

$253,541.48

Six Forks

$160,111.78

$26,429.62

$18.29

$186,559.69

Stoney Hill

$156,279.36

$32,714.32

$361.27

$189,354.95

Swift Creek

$266,235.12

$46,113.10

$61.47

$312,409.69

Wake - New Hope

$650,205.27

$106,699.50

$452.19

$757,356.96

Wake Forest

$181,449.72

$34,218.43

$223.36

$215,891.51

Wendell

$211,306.35

$47,840.89

$558.04

$259,705.28

Zebulon

$118,401.40

$29,330.56

$361.92

$148,093.88

Fire District

Property Tax

Vehicle Tax

Late List

Total Tax