P-0260 - Waiver of Nominal Tax Bills 07-26-1995-E

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• 1 ORANGE COUNTY BOARD OF COMMISSIONERS Action Agenda Item No V~_~' ACTION AGENDA ITEM ABSTRACT Meeting Date: June 26, 1995 SUBJECT: Waiver of Nominal Tax Bills ----------------------------------------------------------------------- DEPARTMENT County Manager PUBLIC HEARING YES NO X -------------------------------- ------------------------------- ATTACHMENT(S) INFORMATION .CONTACT Ratified Senate Bill 167 Rod Visser, ext 2300 Resolution TELEPHONE NUMBER Hillsborough 732-8181 Chapel Hill 968-4501 Mebane 227-2031 Durham 688-7331 ----------------------------------------------------------------------- PURPOSE: To consider approving a resolution that would implement a policy change to permit the County Assessor and Tax Collector to waive the billing and collection of nominal tax bills. BACKGROUND: The Board of County Commissioners adopted as one of its 1995 legislative action items a policy that would permit the waiver of • tax bills on property valued at less than $300. The North Carolina General Assembly adopted legislation this session that is similar in intent. Senate Bill 167 authorizes boards of county commissioners to waive billing and collection of tax bills that do not exceed an amount up to five dollars. The amount waived should be related to the cost of billing such taxes. Staff analysis indicates that the average cost of billing and collecting the County's 117,000+ tax bills was approximately $7.02. Staff recommends that the Board approve a policy which would waive billing and collection of tax notices of $5.00 or less. Under the provisions of SB 167, this policy could become effective 30 days after adoption of the proposed resolution. RECOMMENDATION: The Manager recommends that the Board adopt the resolution to waive billing and collection of tax notices that do not exceed $5.00. •