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<br /> <br />Two of the applicants are applying for exclusion based on NCGS 105-277.2 – 105-277.7, which <br />allows for an untimely application to be approved for taxation at present use value assessment. <br /> <br />Including these sixteen (16) applications, the Board will have considered a total of fifty-seven <br />(57) untimely applications for exemption of 2016 taxes since the 2016 Board of Equalization and <br />Review adjourned on May 28th. Taxpayers may submit an untimely application for exemption of <br />2016 taxes to the Board of Commissioners through December 31, 2016. <br /> <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 application if good cause is demonstrated by the <br />taxpayer. <br /> <br />FINANCIAL IMPACT: The reduction in the County’s tax base associated with approval of the <br />exemption application will result in a reduction of FY 2016/2017 taxes due to the County, <br />municipalities, and special districts in the amount of $14,459.24. <br /> <br />SOCIAL JUSTICE IMPACT: There is no Orange County Social Justice Goal impact associated <br />with this item. <br /> <br />RECOMMENDATION(S): The Manager recommends that the Board approve the attached <br />resolution for the above-listed applications for FY 2016/2017 exemption. <br /> <br />2