Agenda - 01-23-2018 8-d - Applications for Property Tax Exemption Exclusion

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: January 23, 2018 SUBJECT: Applications for Property Tax Exemption /Exclusion DEPARTMENT: Tax Administration ATTACHMENT(S): Exempt Status Resolution Spreadsheet Requests for Exemption /Exclusion Action Agenda Item No. 8 -d INFORMATION CONTACT: Dwane Brinson, Tax Administrator, (919) 245 -2726 1 PURPOSE: To consider nine untimely applications for exemption /exclusion from ad valorem taxation for nine bills for the 2017 tax year. BACKGROUND: North Carolina General Statutes (NCGS) typically require applications for exemption to be filed during the listing period, which is usually during the month of January. Applications for Elderly /Disabled Exclusion, Circuit Breaker Tax Deferment and Disabled Veteran Exclusion should be filed by June 1s` of the tax year for which the benefit is requested. NCGS 105- 282.1(a1) does allow some discretion. Upon a showing of good cause by the applicant for failure to make a timely application, an application for exemption or exclusion filed after the close of the listing period may be approved by the Department of Revenue, the Board of Equalization and Review, the Board of County Commissioners, or the governing body of a municipality, as appropriate. An untimely application for exemption or exclusion approved under this provision applies only to property taxes levied by the county or municipality in the calendar year in which the untimely application is filed. Seven of the applicants are applying for homestead exclusion based on NCGS 105 - 277.1, which allows exclusion of the greater of $25,000 or 50% of the appraised value of the residence. Two of the applicants are applying for exemption based on NCGS 105 -278.7 which allows for an exemption from property taxes for property used for educational, scientific, literary or charitable purposes. Including these nine applications, the Board will have considered a total of forty -five (45) untimely applications for exemption of 2017 taxes since the 2017 Board of Equalization and Review adjourned on June 29, 2017. Taxpayers may submit an untimely application for exemption of 2017 taxes to the Board of Commissioners through December 31, 2017. Based on the information supplied in the applications and based on the above - referenced General Statutes, the applications may be approved by the Board of County Commissioners.