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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: April 6, 2010 <br /> Action Agenda <br /> Item No. _C <br /> SUBJECT: Property Tax Refunds <br /> DEPARTMENT: Tax Administration PUBLIC HEARING: (Y/N) No <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Jo Roberson, 245-2727 <br /> Resolution <br /> Spreadsheet <br /> PURPOSE: To consider adoption of a refund resolution related to three (3) requests for <br /> property tax refunds. <br /> BACKGROUND: The Tax Administration office has received three (3) requests from taxpayers <br /> for refunds of property taxes paid in prior fiscal years. North Carolina General Statute '105- <br /> 381(b), "Action of Governing Body" provides that "upon receiving a taxpayer's written statement <br /> of defense and request for release or refund, the governing body of the Taxing Unit shall within <br /> 90 days after receipt of such a request determine whether the taxpayer has a valid defense to <br /> the tax imposed or any part thereof and shall either release or refund that portion of the amount <br /> that is determined to be in excess of the correct liability or notify the taxpayer in writing that no <br /> release or refund will be made". North Carolina law allows the Board to approve property tax <br /> refunds for the current and four previous fiscal years. <br /> FINANCIAL IMPACT: Approval of this change will result in a net reduction in revenue of <br /> $19,6'14.20 to the County, municipalities, and special districts. The Tax Assessor recognized <br /> that refunds could impact the budget and accounted for these in the annual budget projections. <br /> RECOMMENDATION(S): The Manager recommends the Board approve the attached <br /> resolution approving these property tax refund requests in accordance with N.C. General <br /> Statute 105-381. <br />