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';005-94 <br /> 784' <br /> TAX RELEASE REVEST <br /> Romeo, Inc. <br /> (Idnda News, President) <br /> F. O. Box 3004 <br /> Chapel Hill, N. C. 27514 <br /> Chanel Hill Township <br /> Account #60206 (1981), Bi11 #8150218 <br /> This corporation failed to file timely listings of business personal <br /> property for 1980 and 1981. The property was discovered for taxation in <br /> October, 1981 at a valuation of $20,000 for each year. No timely exception <br /> to the October, 1981 notice of discovery was filed. The corporation <br /> subsequently (December, 1981) submitted listings for each year for inventory <br /> (as the only property owned by the corporation) at a valuation of $4,156.74 <br /> for 1980 and $9,436.20 for 1981.7and in January, 1981 formally protested the <br /> valuations assigned the property through discovery, presumably requesting a <br /> release based upon the valuation differences. <br /> This account was assigned an incorrect rate code (was assessed Carrboro <br /> City tax instead of Chapel Hill City tax for property located in Chapel Hill), <br /> and the following computation assumes correction of this clerical error and <br /> rounds the corporations valuation figures to whole dollars. <br /> Release requested (1981 tax): <br /> CoUnty tax $274.39 <br /> Chapel Hill—Carrboro School District tax 60.73 <br /> -- Chapel Hill City tax <br /> Total $676.57 <br /> _ . , <br />