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t <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: June 4, 2002 <br /> Action Agenda <br /> Item No. <br /> SUBJECT: Property Tax Refunds <br /> DEPARTMENT: Assessors Office PUBLIC HEARING: (YIN) No.J <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> John Smith.eA 2101 <br /> Resolution <br /> Tax Refund Requests TELEPHONE NUMBERS: <br /> Hillsbcrough 7324181 <br /> Chapel Hill 9684501 <br /> Durham 668-7331 <br /> Mebane 336.227-2031 <br /> PURPOSE: To consider adoption of refund resolution related b three (3) requests for property <br /> tax refunds. <br /> BACKGROUND: The Assessors Office has received requests from three (3) taxpayers for <br /> refund of property taxes paid In prior fiscal years. General Statute 105381(b), 'Action of <br /> Goveming Body provil that '.upori receiving a taxpayers written statement of defense and <br /> request for release or refund, the governing body of the Taxing Unit shall within 90 days after <br /> receipt of such a request detennine whether the taxpayer has a valid defense to the tax <br /> imposed or any part thereof and shall either release or refund that portion of the amount that is <br /> determined to be in excess of the correct liability or notify the taxpayer In writing that no release <br /> or refund will be made'. North Carolina law allows the Board to approve property tax instance <br /> for the current and four previous fiscal years. <br /> FINANCIAL IMPACT: Approval of this change will result In a net reduction in revenue of <br /> $8.373.74 to the County, municipalities, and special districts. <br /> RECOMMENDATION(S): The Manager recommends that the Board approve the attached <br /> resolution approving three (3) property lax refund requests in accordance with N.C. General <br /> Statute 10&381 <br />