Browse
Search
Agenda - 12-04-2006-5e
OrangeCountyNC
>
Board of County Commissioners
>
BOCC Agendas
>
2000's
>
2006
>
Agenda - 12-04-2006
>
Agenda - 12-04-2006-5e
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
9/1/2008 10:43:07 PM
Creation date
8/29/2008 9:54:28 AM
Metadata
Fields
Template:
BOCC
Date
12/4/2006
Document Type
Agenda
Agenda Item
5e
Document Relationships
Minutes - 20061204
(Linked To)
Path:
\Board of County Commissioners\Minutes - Approved\2000's\2006
RES-2006-101 Applications for Property Tax Exemption
(Linked From)
Path:
\Board of County Commissioners\Resolutions\2000-2009\2006
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
10
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: December 4, 2006 <br />Action Agenda <br />Item No. rj ' e <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(x)(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 />These applicants are applying for homestead exclusion based on NCGS 105-277.1, which <br />allows 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(x)(5) and that the seven (7) properties should be approved for exclusion. <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 $2,920.81. <br />RECOMMENDATION: The Manager recommends that the above listed applications for 2006 <br />exemption be approved. <br />
The URL can be used to link to this page
Your browser does not support the video tag.