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Agenda - 12-13-2011 - 5d
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Agenda - 12-13-2011 - 5d
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Last modified
2/21/2012 1:02:19 PM
Creation date
12/9/2011 11:49:42 AM
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BOCC
Date
12/13/2011
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
5d
Document Relationships
Minutes 12-13-2011
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\2010's\2011
RES-2011-110 Resolution approving Property Tax Release/Refunds
(Linked From)
Path:
\Board of County Commissioners\Resolutions\2010-2019\2011
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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: December 13, 2011 <br />Action Agenda <br />Item No. <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 thirty-five <br />(35) requests for property tax release and/or refund. <br />BACKGROUND: The Tax Administration Office has received thirty-five (35) requests from a <br />taxpayer for release or refund of property taxes for prior or current fiscal years. North Carolina <br />General Statute 105-381(b), "Action of Governing Body" provides that "upon receiving a <br />taxpayer's written statement of defense and request for release or refund, the governing body of <br />the Taxing Unit shall within 90 days after receipt of such a request determine whether the <br />taxpayer has a valid defense to the tax imposed or any part thereof and shall either release or <br />refund that portion of the amount that is determined to be in excess of the correct liability or <br />notify the taxpayer in writing that no release or refund will be made". North Carolina law allows <br />the Board to approve property tax releases and refunds for the current and four previous fiscal <br />years. <br />FINANCIAL IMPACT: Approval of this change will result in a net reduction in revenue of <br />$64,452.95 to the County, municipalities, and special districts. The Tax Assessor recognized <br />that releases and refunds could impact the budget and accounted for these in the annual <br />budget projections. <br />RECOMMENDATION(S): The Manager recommends the Board approve the attached <br />resolution approving these property tax release and refund requests in accordance with North <br />Carolina General Statute 105-381. <br />
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