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2 <br />Based on the information supplied in the applications and based on the above - referenced <br />General Statutes, the applications may be approved by the Board of County Commissioners. <br />NCGS 105- 282.1(a1) permits approval of such applications if good cause is demonstrated by <br />the taxpayer. <br />FINANCIAL IMPACT: The reduction in the County's tax base associated with approval of the <br />exemption applications will result in a reduction of FY 2014/2015 taxes due to the County, <br />municipalities, and special districts in the amount of $13,672.97. <br />RECOMMENDATION: The Manager recommends the Board approve the attached resolution <br />for the above - listed applications for FY 2014/2015 exemption. <br />