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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: April 17, 2001 <br />Action Agenda <br />Item No. 5-b .__. <br />SUBJECT: Resolution of Under and Overpayment of Tax <br />DEPARTMENT: Revenue <br />PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): INFORMATION CONTACT: <br />1) Draft Resolution Referencing NCGS Jo Roberson, Revenue Director <br />105-357c ext 2727 <br />TELEPHONE NUMBERS: <br />Hillsborough 732-8181 <br />Chapel Hill 968.4501 <br />Durham 688-7331 <br />Mebane 336-227-2031 <br />PURPOSE: To consider approval of a resolution allowing the Tax Collector to write off up to <br />$1.00 in underpayment and absorb up to $1.00 in overpayment. <br />BACKGROUND: The North Carolina General Statute 105-357c allows the tax collector, with <br />the Board of County Commissioners approval, to automate the release of small underpayments <br />and overpayments up tv $1.00. <br />The cost of mailing balance due statements for less than $1.00 is not cost effective. The cost of <br />creating a refund for less than $1.00 is also not cost effective. <br />NCGS 105-357 does allow a taxpayer to request a refund of less than $1.00 within the same <br />fiscal year as an overpayment is made. <br />It should also be noted for information purposes that the. BOCC did, by resolution on June 26, <br />1995, authorize the tax collector to treat as fully paid property taxes that did not exceed $5.00. <br />The purpose was a cost consideration for billing and collection efforts. <br />FINANCIAL IMPACT: On average, the impact would be less than $300 per year. <br />RECOMMENDATION(S): The Manager recommends that the Board approve the attached <br />resolution and authorize the Chair to sign. <br />