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2 <br />NCGS 105-282.1(a1) permits approval of such application if good cause is demonstrated by the <br />taxpayer. <br />FINANCIAL IMPACT: <br />The reduction in the County’s tax base associated with approval of the <br />exemption application will result in a reduction of FY 2014/2015 taxes due to the County, <br />municipalities, and special districts in the amount of $8,507.12. <br />RECOMMENDATION(S): <br />The Manager recommends the Board approve the attached <br />resolution for the above-listed applicationsfor FY 2014/2015 exemption. <br /> <br />