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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: January 23, 2007 <br />Action Agenda Item No. _ _ -,j <br />SUBJECT: Applications for Property Tax Exemption <br />DEPARTMENT: Assessor PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): <br />Exempt Status Resolution <br />Spreadsheet <br />Request Forms <br />INFORMATION CONTACT: <br />John Smith, 245-2101 <br />PURPOSE: To consider seven (7) untimely applications for exemption/exclusion from <br />ad valorem taxation for the 2006 tax year. <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(a)(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 />Six 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 applicant can be approved for 2006. The opinion <br />of the Assessor is that the information provided to date satisfies the good cause requirement of <br />NCGS 105-282.1(a)(5) and that the six (6) properties should be approved for exclusion. <br />Additionally, there is one late application for exemption on registered motor vehicles used for a <br />charitable purpose. <br />FINANCIAL IMPACT: The reduction in the County's tax base associated with approval of these <br />exemption applications will result in a reduction of 2006 taxes due to the County, municipalities, <br />and special districts in the amount of $5,547.24. <br />RECOMMENDATION: The Manager recommends that the above listed applications for 2006 <br />exemption be approved.