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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: December 3, 2007 <br />Action Agenda <br />Item No. ~- - G <br />SUBJECT: Applications for Property Tax Exemption and Present Use Value <br />DEPARTMENT: Assessor PUBLIC HEARING: (YIN) No <br />ATTACHMENT(S): INFORMATION CONTACT: <br />John Smith, 245-2101 <br />Exempt Status Resolution <br />Spreadsheet <br />Letters of Request <br />PURPOSE: To consider ten (10) untimely applications for exemption/exclusion from ad valorem <br />taxation for the 2007 tax year and one (1) untimely application for participation in the Present <br />Use Value program for 2006. <br />BACKGROUND: North Carolina General Statutes state that applications for exemption must be <br />filed during the normal listing period, which is during the month of January. NCGS 105- <br />282.1(x)(5) does allow some discretion. Upon a showing of good cause by the applicant for <br />failure to make a timely application, an application for exemption or exclusion filed after the <br />close of the listing period may be approved by the Department of Revenue, the board of <br />equalization and review, the board of county commissioners, or the governing body of a <br />municipality, as appropriate. An untimely application for exemption or exclusion approved under <br />this subdivision applies only to property taxes levied by the county or municipality in the <br />calendar year in which the untimely application is filed. <br />One (1) applicant is applying for special valuation under NCGS 105-277.2 for Present Use <br />Value. The Assessor has received evidence indicating the qualification under agricultural use <br />and recommends that the special valuation be approved for the 2006 tax year. Additionally, ten <br />(10) applicants are applying for homestead exclusion based on NCGS 105-277.1, which allows <br />exclusion of the greater of twenty thousand dollars ($20,000) or fifty percent (50%) of the <br />appraised value of the residence. Based on the information supplied in the current application <br />and the above referenced general statutes, the applicants can be approved for 2007. The <br />opinion of the Assessor is that the information provided to date satisfies the good cause <br />requirement of NCGS 105-282.1(x)(5) and that the ten (10) properties should be approved for <br />exclusion. None of the ten (10) homestead applicants gained knowledge of the benefit from <br />inserts in the 2007 tax bills. <br />FINANCIAL IMPACT: The reduction in the County's tax base associated with approval of <br />Present Use Valuation will result in a reduction of 2006 taxes still due the County and fire district <br />