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Agenda - 04-21-2009 - 4f
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Agenda - 04-21-2009 - 4f
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Last modified
4/23/2013 11:11:46 AM
Creation date
4/17/2009 4:13:18 PM
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BOCC
Date
4/21/2009
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
4f
Document Relationships
Minutes - 20090421
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\2000's\2009
RES-2009-031 Applications for Property Tax Exemption-Exclusion
(Linked From)
Path:
\Board of County Commissioners\Resolutions\2000-2009\2009
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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: April 21, 2009 <br />Action Agenda <br />Item No. <br />SUBJECT: Applications for Property Tax Exemption /Exclusion <br />DEPARTMENT: Assessor PUBLIC HEARING: (Y /N) No <br />ATTACHMENT(S): INFORMATION CONTACT: <br />Exempt Status Resolution John Smith, 245 -2101 <br />Spreadsheet <br />Requests for Exemption /Exclusion <br />PURPOSE: To consider nine (9) untimely applications for exemption /exclusion from ad valorem <br />taxation for the 2008 tax year. <br />BACKGROUND: North Carolina General Statutes state applications for exemption must be <br />filed during the normal listing period, which is during the month of January. NCGS 105 - <br />282.1(a)(5) does allow some discretion. Upon a showing of good cause by the applicant for <br />failure to make a timely application, an application for exemption or exclusion filed after the <br />close of the listing period may be approved by the Department of Revenue, the board of <br />equalization and review, the board of county commissioners, or the governing body of a <br />municipality, as appropriate. An untimely application for exemption or exclusion approved under <br />this subdivision applies only to property taxes levied by the county or municipality in the <br />calendar year in which the untimely application is filed. <br />Four applicants are applying for homestead exclusion based on NCGS 105 - 277.1, which allows <br />exclusion of the greater of twenty -five thousand dollars ($25,000) or fifty percent (50 %) of the <br />appraised value of the residence. Based on the information supplied in the current application <br />and the above referenced general statutes the applicants can be approved for 2008. The <br />opinion of the Assessor is the information provided to date satisfies the good cause requirement <br />of NCGS 105- 282.1(a)(5) and these properties should be approved for exclusion. <br />There are currently 924 parcels receiving benefit of the homestead exclusion. With the approval <br />of these homestead applications, there will be 928 parcels receiving homestead exclusion for <br />the 2008 tax year. <br />FINANCIAL IMPACT: The reduction in the County's tax base associated with approval of these <br />exemption applications will result in a reduction of 2008 taxes due to the County, municipalities, <br />and special districts in the amount of $12,265.06. For FY 2008/2009, the total net reduction in <br />revenue for late exemption /exclusions is $43,046.35. <br />RECOMMENDATION: The Manager recommends the above listed applications for 2008 <br />exemption be approved. <br />
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