Orange County NC Website
2 <br /> One applicant is applying for Circuit Breaker exclusion based on NCGS 105-277.1 B which <br /> allows for tax relief based on income. The Circuit Breaker exclusion is a tax deferral program. <br /> Including these eleven applications, the Board will have considered a total of twenty-three <br /> untimely applications for exemption of 2020 taxes since the 2020 Board of Equalization and <br /> Review adjourned on June 25, 2020. Taxpayers may submit an untimely application for <br /> exemption of 2020 taxes to the Board of Commissioners through December 31, 2020. <br /> Based on the information supplied in the application and based on the above-referenced <br /> General Statutes, the application may be approved by the Board of County Commissioners. <br /> NCGS 105-282.1(a1) permits approval of such application if good cause is demonstrated by the <br /> taxpayer. <br /> FINANCIAL IMPACT: The reduction in the County's tax base associated with approval of the <br /> exemption application will result in a reduction of FY 2020/2021 taxes due to the County, <br /> municipalities, and special districts in the amount of $ 7,719.65. <br /> SOCIAL JUSTICE IMPACT: There is no Orange County Social Justice Goal impact associated <br /> with this item. <br /> ENVIRONMENTAL IMPACT: There is no Orange County Environmental Responsibility Goal <br /> impact associated with this item. <br /> RECOMMENDATION(S): The Manager recommends that the Board approve the attached <br /> resolution for the above-listed applications for FY 2020/2021 exemption. <br />