Agenda 8-d - Applications for Property Tax Exemption Exclusion

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P One of the applicants is applying for exemption based on NCGS 105 - 278.7, which allows real and personal property used for educational, scientific, literary or charitable purposes exemption from taxation if wholly owned by an agency listed in subsection (c). One applicant is applying for exclusion based on NCGS 105 - 278.3, which allows for exclusion from property taxes for property used for a religious purpose. Including these twenty -three (23) applications, the Board will have considered a total of twenty - three (23) untimely applications for exemption of 2018 taxes since the 2018 Board of Equalization and Review adjourned on June 14, 2018. Taxpayers may submit an untimely application for exemption of 2018 taxes to the Board of Commissioners through December 31, 2018. 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. NCGS 105- 282.1(a1) permits approval of such application if good cause is demonstrated by the taxpayer. FINANCIAL IMPACT: The reduction in the County's tax base associated with approval of the exemption applications will result in a reduction of FY 2018/2019 taxes due to the County, municipalities, and special districts in the amount of $61,987.39. SOCIAL JUSTICE IMPACT: There is no Orange County Social Justice Goal impact associated with this item. RECOMMENDATION(S): The Manager recommends that the Board approve the attached resolution for the above - listed applications for FY 2018/2019 exemption.