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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: September 15, 2009 <br />Action Agenda <br />Item No. 4 - ~ <br />SUBJECT: Property Tax Refund <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 one (1) request for property <br />tax refund. <br />BACKGROUND: The Assessor's Office has received one (1) request from a taxpayer for refund <br />of property taxes paid in prior fiscal years. North Carolina General Statute 105-381(b), "Action <br />of Governing Body" provides that "upon receiving a taxpayer's written statement of defense and <br />request for release or refund, the governing body of the Taxing Unit shall within 90 days after <br />receipt of such a request determine whether the taxpayer has a valid defense to the tax <br />imposed or any part thereof and shall either release or refund that portion of the amount that is <br />determined to be in excess of the correct liability or notify the taxpayer in writing that no release <br />or refund will be made". North Carolina law allows the Board to approve property tax refunds for <br />the current and four previous fiscal years. <br />FINANCIAL IMPACT: Approval of this change will result in a net reduction in revenue of <br />$2,261.82 to the County, municipalities, and special districts. For FY 2009/2010, the total net <br />reduction in revenue is $2,261.82. The Tax Assessor recognized that refunds could impact the <br />budget and accounted for these in the annual budget projections. <br />RECOMMENDATION(S): The Interim Manager recommends that the Board approve the <br />attached resolution approving one (1) property tax refund request in accordance with N.C. <br />General Statute 105-381. <br />