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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: September 18, 2012 <br /> Action Agenda <br /> Item No. 5-c <br /> SUBJECT: Property Tax Releases and/or Refunds <br /> DEPARTMENT: Tax Administration PUBLIC HEARING: (YIN) No <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Resolution Dwane Brinson, Tax Administrator, <br /> Spreadsheet (919) 245-2109 <br /> PURPOSE: To consider adoption of a resolution to release property values related to forty (40) <br /> requests for property tax release and/or refund. <br /> BACKGROUND: The Tax Administration Office has received forty (40) requests from a <br /> taxpayer for refund of property taxes paid in prior fiscal years. North Carolina General Statute <br /> 105-381(b), "Action of Governing Body" provides that "upon receiving a taxpayer's written <br /> statement of defense and request for release or refund, the governing body of the Taxing Unit <br /> shall within 90 days after receipt of such a request determine whether the taxpayer has a valid <br /> defense to the tax imposed or any part thereof and shall either release or refund that portion of <br /> the amount that is determined to be in excess of the correct liability or notify the taxpayer in <br /> writing that no release or refund will be made". North Carolina law allows the Board to approve <br /> property tax 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 /> $13,662.40 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 />