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4 <br />REQUEST <br />FOR PROPERTY TAX REFUND <br />Map Nbr: <br />Tract Nbr: <br />Account Nbr: 265585 <br />Rate Code: 23 <br />Name: CCB & Trust, Co. Leasing <br />Address: P.O, Box 3538 <br />Durham, NC 27702 <br />Action Requested: Request property tax refund for 2003, <br />Recommendation: Approve total property tax refund of $26,624..72, <br />Valuation: $1,817,:387 <br />GO $15,356..92 <br />G3 11,267.80 <br />$26,624.72 <br />Explanation: CCB loaned Orange County money to purchase heavy equipment. <br />However, CCB made an error and indicated in their systems that the <br />equipment was owned by CCB and leased to Orange County. Thus, <br />CCB listed and paid taxes on personal property actually owned by <br />Orange County that is exempt from taxation. <br />Reference: General Statute 105-.381(a)(1)b. An illegal tax. <br />