Alamance County’s new tax administrator has announced that the local tax office appears to have set a new record with the property tax revenue it took in during the past fiscal year.
Brad Fowler, who took over the county’s tax office in April, reported this record-setting collection rate of 99.21 percent when he appeared before the county’s board of commissioners on Monday to present an annual settlement of property tax collections.
According to Fowler, the 12-month cycle which ended on June 30 saw the tax office take in $111,450,792.78 of the $112,353,067.36 that the county had levied during that period. Fowler added that, in raw dollars and cents, this annual haul represents an increase of about $9.9 million over the previous year. But as a proportion of the total annual levy, the tax office was able to realize a collection rate of 99.21 percent – an improvement of .18 percentage points over the county’s prior collection rate of 99.03 cents.
“The collections staff has done a phenomenal job,” Fowler went on to elaborate in his presentation to the commissioners, “This is the highest collection rate that I can find going back at least 25 years.”…