Agenda - 09-06-2012 - 5d - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: September 6, 2012 Action Agenda Item No. 5-d SUBJECT: 2012 Property Tax Releases DEPARTMENT: Tax Administration PUBLIC HEARING: (Y/N) No ATTACHMENT(S): INFORMATION CONTACT: Resolution Dwane Brinson, Tax Administrator, Spreadsheet (919) 245-2109 PURPOSE: To consider adoption of a resolution to release property values related to thirty- nine (39) requests for property tax release. BACKGROUND: The Tax Administration Office is requesting thirty-nine (39) releases for 2012 property taxes billed in error. These bills, save one, were created on parcels that were closed or otherwise inactive. The single bill that is not in that category is a bill whose 2012 value should have been lowered per NC Property Tax Commission Consent Order, but was not due to a clerical error. North Carolina General Statute 105-381(b), "Action of Governing Body" provides that "upon receiving a taxpayer's written statement of defense and request for release or refund, the governing body of the Taxing Unit shall within 90 days after receipt of such a request determine whether the taxpayer has a valid defense to the tax imposed or any part thereof and shall either release or refund that portion of the amount that is determined to be in excess of the correct liability or notify the taxpayer in writing that no release or refund will be made". North Carolina law allows the Board to approve property tax releases for the current fiscal year. FINANCIAL IMPACT: Approval of this change will result in a net reduction in revenue of $57,074.19 to the County, municipalities, and special districts. The Tax Assessor recognized that releases could impact the 2012 budget and accounted for these in the annual budget projections. RECOMMENDATION(S): The Manager recommends the Board approve the attached resolution approving these property tax releases in accordance with North Carolina General Statute 105-381.