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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />MeeBng Date: November ], 2001 <br />Aetlon Agentle <br />Item No. ~~ <br />SUBJECT: PropeM Tax Refunds <br /> <br />DEPARTMENT: Asaeasols Ofice PUBLIC HEARING: (YM) Na <br /> <br />ATTACHMENT(S): INFORMATION CONTACT: <br /> John SmBh, a#. 2101 <br />Resolution <br />Tax Refuntl Requests TELEPHONE NUMBERS: <br /> Nllleborough ]32$181 <br /> Chapel Xill 9681501 <br /> Durham 888-]331 <br /> Mebane 338-22)-2031 <br />PURPOSE: To mnslder adop8on of refund resolution relatetl to five (5) requests for properly <br />tax reuntls. <br />BACKGROUND: The Assessor's Ofice has receivetl requesb from five (5) Faxpayers for <br />refuntls of property taxes they have paid in poor fiscal years. Generel Staute 105-381(b), <br />'Action of Governing Body' provides 81a['upon receiving a taxpayefs written statement of <br />defense antl request for release or refund, the governing body of the Taxing Un8 shall within 90 <br />days aker receipt of such a request tletermine whether the taxpayer has a valitl defense to the <br />tax imposed or any part thereof antl shall either release pr rebntl that portion of the amount that <br />is determined [o be in excess of the certecl Ilablliry or no[By the taxpayer in wrhing that no <br />release or refund will be matle'. North Carolina law allows the Boani b approve property tax <br />refuntls for the curteM antl bur previous fiscal years. <br />FINANCIAL IMPACT: Approval of these changes will result in a net retluctlon In revenue of <br />$1.20] 46 tp the County, muniupalitiee, antl spatial disttlcts. <br />RECOMMENDATION(S): The Manager rewmmends that the Board approve the attached <br />resolution approving five (5) property tax rebntl requests in accordance with N.C. General <br />Statute 105-381. <br />