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<br />ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date:February 19,2013 <br />Action Agenda <br />Item No.5-c <br />SUBJECT: <br />Property Tax Releases/Refunds <br />DEPARTMENT: PUBLIC HEARING: (Y/N)No <br />Tax Administration <br />ATTACHMENT(S): INFORMATION CONTACT: <br />ResolutionDwane Brinson, Tax Administrator, <br />Spreadsheet(919)245-2726 <br />PURPOSE: <br />To consider adoption of a resolution to release propertytaxvalues forsix(6) <br />taxpayers with a total of (12) twelvebills that will result in a reduction of revenue. <br />BACKGROUND: <br />The Tax Administration Office has received sixtaxpayer requests for release <br />or refund of property taxes. North Carolina General Statute 105-381(b), “Action of Governing <br />Body” provides that “upon receiving ataxpayer’s written statement of defense and request for <br />release or refund, the governing body of the Taxing Unit shall within 90 days after receipt of <br />such a request determine whether the taxpayer has a valid defense to the tax imposed or any <br />part thereofand shall either release or refund that portion of the amount that is determined to <br />be in excess of the correct liability or notify the taxpayer in writing that no release or refund will <br />be made”. North Carolina law allows the Board to approve property tax refunds for the current <br />and four previous fiscal years. <br />FINANCIAL IMPACT: <br />Approval of this change will result in a net reduction in revenue of <br />$4,221.67to 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): <br />The Manager recommends the Board approve the attached <br />resolution approving these property tax release/refund requests in accordance with North <br />CarolinaGeneral Statute 105-381. <br /> <br />