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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: May 6, 2010 <br />Action Agenda <br />Item No. ~-- _ e <br />SUBJECT• Application for Property Tax Exemption/Exclusion <br />DEPARTMENT: Tax Administration <br />PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): <br />Exempt Status Resolution <br />Spreadsheet <br />Requests for Exemption/Exclusion <br />INFORMATION CONTACT: <br />Jo Roberson, 245-2727 <br />PURPOSE: To consider one (1) untimely application for exemption/exclusion from ad valorem <br />taxation for the 2009 tax year. <br />BACKGROUND: North Carolina General Statutes (NCGS) require applications for exemption <br />to be 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 <br />under 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 />The applicant is 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 applications and the <br />above referenced general statutes, the applicants can be approved for 2009. The opinion of <br />the Tax Administrator is the information provided to date satisfies the good cause requirement <br />of NCGS 105-282.1(a)(5) and the property should be approved for exclusion. <br />FINANCIAL IMPACT: The reduction in the County's tax base associated with approval of this <br />exemption application will result in a reduction of FY 2009/2010 taxes due to the County, <br />municipalities, and special districts in the amount of $1,170.26. <br />RECOMMENDATION: The Manager recommends the Board approve the attached resolution <br />for the above listed application for FY 2009/2010 exemption. <br />