Agenda - 03-24-1992 - Laserfiche WebLink

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a 3 1 ORANGE COUNTY BOARD OF COMMISSIONERS Action Agenda ACTION AGENDA ITEM ABSTRACT Item No YZ_,6 Meeting Date: March 24, 1992 SUBJECT: 1991 Culbreth Park Tax Exemption -- - - -- _---- - - P and Refund Request _- DEPARTMENT: Assessor PUBLIC- HEARING- YES -- - - - - - - -_ --------- - - ---- -- _ __ ___ NO x ATTACHMENT (S ) INFORMATION- CONTACT ____ ^- ---- - 2/12/92 Letter from Culbreth Park Kermit Lloyd, ext 2100 9/23/91 Property Tax Exemption TELEPHONE NUMBER Application from Culbreth Park Hillsborough 732 -8181 Chapel Hill 468 -4501 Mebane 227 -2031 ------------------------------ ---- - -- --- Durham - -------- 688- 7331 - -- PURPOSE: To consider a request from Culbreth Park Development Corporation for 1991 property tax exemption on certain properties used for affordable housing, and refund of property taxes paid. BACKGROUND: On September 23, 1991, Culbreth Park Development Corporation filed an application for exemption from 1991 property taxes on a number of lots in the Culbreth Park subdivision. On October 7, 1991, the County Assessor denied the request for two reasons. First, the application was made to exempt all of Culbreth Park as an entity, but the development did not qualify as such. Second, the application was made "untimely." NCGS 105- 282.1(a) requires property owners seeking exemptions to make application during the listing period, which ended on January 31, 1991 for tax year 1991. The same statute does make provision for a board of county commissioners to approve an application for exemption made after the close of the listing period, "upon a showing f ood applicant for failure to make a timely application." cTheeattached letter from Culbreth Park provides an accurate assessment of the situation and presents their case for good cause for the delay in making application for exemption. Culbreth Park specifically requests refund of $9,639.94 in 1991 property taxes and interest for 24 lots that would have qualified for exemption had a timely application been filed. The requested relief applies only to tax year 1991. During the past few months, the Assessor has held lengthy discussions with Culbreth Park representatives and members of the Institute of Government and North Carolina Department of Revenue staffs. This discussion led to lot -by -lot review and agreement about which Culbreth Park properties are qualified for exemption and which are not. The County Assessor and Culbreth Park representatives are in agreement over the status of exempt and non - exempt properties for tax year 1992.