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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: June 16, 2009 <br />Action Agenda <br />Item No. <br />SUBJECT: Property Tax Refunds <br />DEPARTMENT: Assessor's Office PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): <br />Resolution <br />Spreadsheet <br />INFORMATION CONTACT: <br />John Smith, 245-2101 <br />PURPOSE: To consider adoption of a refund resolution related to two (2) requests for property <br />tax refund. <br />BACKGROUND: The Assessor's Office has received two (2) requests from taxpayers for refund <br />of property taxes paid in prior fiscal years. General Statute 105-381(b), "Action of Governing <br />Body" provides that "upon receiving a taxpayer's written statement of defense and request for <br />release or refund, the governing body of the Taxing Unit shall within 90 days after receipt of <br />such a request determine whether the taxpayer has a valid defense to the tax imposed or any <br />part thereof and shall either release or refund that portion of the amount that is determined to be <br />in excess of the correct liability or notify the taxpayer in writing that no release or refund will be <br />made". North Carolina law allows the Board to approve property tax refunds for the current and <br />four previous fiscal years. <br />FINANCIAL IMPACT: Approval of these changes will result in a net reduction in revenue of <br />$5,688.66 to the County, municipalities, and special districts. For FY 2008/2009, the total net <br />reduction in revenue is $24,865.64. The Tax Assessor recognized refunds could impact the <br />budget and accounted for these in the annual budget projections. <br />RECOMMENDATION(S): The Manager .recommends the Board approve the attached <br />resolution approving two (2) property tax refund requests in accordance with N.C. General <br />Statute 105-381. <br />