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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: December 3, 2018 <br /> Action Agenda <br /> Item No. 8-c <br /> SUBJECT: Property Tax Releases/Refunds <br /> DEPARTMENT: Tax Administration <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Resolution Dwane Brinson, Tax Administrator, <br /> Releases/Refunds Data Spreadsheet (919) 245-2726 <br /> PURPOSE: To consider adoption of a resolution to release property tax values for twelve <br /> taxpayers with a total of seventeen bills that will result in a reduction of revenue. <br /> BACKGROUND: The Tax Administration Office has received twelve taxpayer requests for <br /> release or refund of property taxes. North Carolina General Statute 105-381(b), "Action of <br /> Governing Body" provides that "upon receiving a taxpayer's written statement of defense and <br /> request for release or refund, the governing body of the Taxing Unit shall within 90 days after <br /> receipt of such a request determine whether the taxpayer has a valid defense to the tax <br /> imposed or any part thereof and shall either release or refund that portion of the amount that is <br /> determined to be in excess of the correct liability or notify the taxpayer in writing that no release <br /> or refund will be made". North Carolina law allows the Board to approve property tax refunds for <br /> the current and four previous fiscal years. <br /> FINANCIAL IMPACT: Approval of this change will result in a net reduction in revenue of <br /> $244,255.55 to the County, municipalities, and special districts. The Tax Assessor recognized <br /> that refunds could impact the budget and accounted for these in the annual budget projections. <br /> It should be noted that included in the financial impact total is a release for $127,108.44 that <br /> takes the place of a Board-approved release in the amount of $199,057.09 included on the <br /> November 1, 2018 Real and Personal Report. The release amount was recorded incorrectly on <br /> the November 1, 2018 report. This December 3, 2018 report rescinds the approval of the <br /> incorrect November 1St amount and approves the correct release amount. <br /> SOCIAL JUSTICE IMPACT: There is no Orange County Social Justice Goal impact associated <br /> with this item. <br /> RECOMMENDATION(S): The Manager recommends that the Board approve the attached <br /> resolution approving these property tax release/refund requests in accordance with North <br /> Carolina General Statute 105-381. <br />