Agenda - 08-17-2004-5g - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: August 17, 2004 Action Agen a Item No. SUBJECT: Applications for Property Tax Exemption DEPARTMENT: Assessor PUBLIC HEARING: (Y/N) No ATTACHMENT(S): Exempt Status Resolution Spreadsheet INFORMATION CONTACT: John Smith, ext. 2101 TELEPHONE NUMBERS: Hillsborough 732-8181 Chapel Hill 968-4501 Durham 688-7331 Mebane 336-227-2031 PURPOSE: To consider four (4) untimely applications for granting exempt status from ad valorem taxation for the 2004 tax year. BACKGROUND: North Carolina General Statutes state that applications for exemption must be filed during the normal listing period, which is during the month of January. NCGS 105- 282.1(a)(5) 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 subdivision applies only to property taxes levied by the county or municipality in the calendar year in which the untimely application is filed. Orange Community Housing & Land Trust is applying for exemption based on NCGS 105-278.6, which allows exemption for real and personal property used for charitable purposes providing housing for individuals or families with low or moderate income. Victory Harvest Church is applying for exemption based on NCGS 105-278.3, which allows exemption for real and personal property used for religious purposes. Based on the information supplied in the current applications and the above referenced general statutes the applicants can be approved for 2004. The opinion of the Assessor is that the information provided to date satisfies the good cause requirement of NCGS 105-282.1(a)(5) and that the four (4) properties should be approved for exemption. FINANCIAL IMPACT: The reduction in the County's tax base associated with approval of these exemption applications will result in a reduction of 2004 taxes due to the County, municipalities, and special districts in the amount of $16,569.81.