Agenda - 11-02-2006-5f - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: November 2, 2006 Action Agenda Item No. 5 ~-F SUBJECT: Applications far Property Tax Exemption DEPARTMENT: Assessor PUBLIC HEARING: (Y/N) No ATTACHMENT(S): Exempt Status Resolution Spreadsheet 8/29/06 Orange Charter School Letter Memo from John Smith INFORMATION CONTACT: John Smith, 245-2101 PURPOSE: To consider four (4) untimely applications for exemption/exclusion from ad valorem taxation for the 2006 tax year. BACKGROUND: North Carolina General Statutes state that applications for exemption must be filed during the normal listing period, which is during the month of January. 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. Two applicants are applying,for homestead exclusion based on NCGS 105-277.1, which allows exclusion of the greater of twenty thousand dollars ($20,000) or fifty percent (50%) of the appraised value of the residence. Based on the information supplied in the current application and the above referenced general statutes, the applicant can be approved for 2006. The opinion of the Assessor is that the information provided to date satisfies the good cause requirement of NCGS 105-282.1(a)(5) and that the two (2) properties should be approved for exclusion. Additionally, `A Public School of Choice" has two tracts and has applied for exemption from taxation for 2006 on both. The applicant is applying for exemption based on NCGS 105-278.4, which allows exemption for real and personal property used for educational purposes. Based on the information supplied in the current applications and the above referenced general statutes, the applicants can be approved for 2006. The opinion of the Assessor is that the information provided to date satisfies the good cause requirement of NCGS 105-282.1(a)(5) and that the two (2) properties should be approved for exemption.