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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: December 2, 2013 <br /> Action Agenda <br /> Item No. 6-c <br /> SUBJECT: Property Tax Releases/Refunds <br /> DEPARTMENT: Tax Administration PUBLIC HEARING: (Y/N) No <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Resolution Dwane Brinson, Tax Administrator, <br /> Spreadsheet (919) 245-2726 <br /> PURPOSE: To consider adoption of a resolution to release property tax values for four (4) <br /> taxpayers with a total of ten (10) bills that will result in a reduction of revenue. <br /> BACKGROUND: The Tax Administration Office has received four taxpayer 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 a taxpayer'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 thereof and 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: Approval of this change will result in a net reduction in revenue of <br /> $690.77 to the County, municipalities, and special districts. The Tax Assessor recognized that <br /> 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 release/refund requests in accordance with North <br /> Carolina General Statute 105-381. <br />