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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: October 4, 2011 <br />Action Agenda <br />Item No. 5 -- <br />SUBJECT: Property Tax Releases and/or Refunds <br />DEPARTMENT: Tax Administration PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): <br />Resolution <br />Spreadsheet <br />INFORMATION CONTACT: <br />Jenkins S. Crayton, 245-2735 <br />PURPOSE: To consider adoption of a resolution to release property values related to five (5) <br />requests for property tax release and/or refund. <br />BACKGROUND: The Tax Administration Office has received five (5) requests from a taxpayer <br />for refund 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 />$2,239.97 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 North Carolina <br />General Statute 105-381. <br />