Agenda - 01-24-2013 - 5d - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: January 24, 2013 Action Agenda Item No. 5 -d SUBJECT: Applications for Property Tax Exemption /Exclusion DEPARTMENT: Tax Administration PUBLIC HEARING: (Y /N) No ATTACHMENT(S): INFORMATION CONTACT: Exempt Status Resolution Dwane Brinson, Tax Administrator, Spreadsheet (919) 245 -2735 Requests for Exemption /Exclusion PURPOSE: To consider sixteen (16) untimely applications for exemption /exclusion from ad valorem taxation for the 2012 tax year. BACKGROUND: North Carolina General Statutes (NCGS) require applications for exemption to be filed during the normal listing period, which is during the month of January. Exclusion for Elderly /Disabled, Circuit Breaker and Disabled American Veterans should be filed by June 1St of the tax year being applied. NCGS 105- 282.1(a)(5) does allow some discretion. Upon a showing of good cause by the applicant for failure to make a timely application, an application for exemption or exclusion filed after the close of the listing period may be approved by the Department of Revenue, the board of equalization and review, the board of county commissioners, or the governing body of a municipality, as appropriate. An untimely application for exemption or exclusion approved under this subdivision applies only to property taxes levied by the county or municipality in the calendar year in which the untimely application is filed. Nine of the applicants are applying for homestead exclusion based on NCGS 105 - 277.1, which allows exclusion of the greater of twenty -five thousand dollars ($25,000) or fifty percent (50 %) of the appraised value of the residence. One applicant is applying for Circuit Breaker exclusion based on NCGS 105 -277.1 B which allows for tax relief based on income. The Circuit Breaker exclusion is a tax deferral program. One of the applicants is applying for exclusion based on NCGS 105 -277.1 C, which allows for an exclusion of $45,000 for an honorably discharged Disabled American Veteran. Four applicants are applying for agricultural, horticultural and forestland exclusion based on NCGS 105 -277.3 which allows for tax relief based on the designated special classes of property under authority of Section 2(2) of Article V of the North Carolina Constitution. The Agricultural horticultural and forestland exclusion is a tax deferral program. One applicant is applying for historic property exclusion based on NCGS 105 -278 which allows for tax relief based on the designated special classes of property under authority of Article V, of the North Carolina Constitution. The Historic property exclusion taxes the true value of the property at fifty percent (50 %).