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16 <br /> Slide #8 <br /> Limited Authority for Tax Refunds & Waivers <br /> •§ 105-380. No taxes to be released, refunded, or compromised. <br /> •The governing body of a taxing unit is prohibited from releasing, <br /> refunding,or compromising all or any portion of the taxes levied <br /> against any property within its jurisdiction except as expressly <br /> provided in this Subchapter. <br /> •§ 105-381: Property Tax Release or Refunds only for: <br /> • clerical errors <br /> • illegal taxes <br /> Chris McLaughlin said that the Machinery Act, which has all of the laws for property <br /> taxes, only allows refunds or waivers for clerical errors or illegal taxes. He said local boards <br /> cannot just decide to forgive taxes. <br /> Slide #9 <br /> Property - Programs <br /> • Cannot create own exemptions <br /> • Cannot cap reappraisal value increases <br /> • Cannot waive property taxes unless illegal/clerical error <br /> • Must justify as housing or welfare programs <br /> • Income restrictions <br /> • Loans vs.grants? <br /> • Tied to length of home ownership? <br /> K <br /> Chris McLaughlin said the statutory limitations affect property tax relief programs. He <br /> said local boards need to have a strong argument for why property tax relief programs are <br /> allowed. <br /> Slide #10 <br />