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DocuSign Envelope ID:933E4266-2573-4AB4-A69C-88B2E89AC78E <br /> Voted Against <br /> Property Identification: <br /> Property Owner Point In Space Appellant(if different) <br /> Property Address Business Personal Parcel ID or Abstract 305463 <br /> Property located at <br /> 232 Stable Road <br /> Statement of Appeal: Request for compromise of taxes in the amount of$1,198.70 due to listing <br /> penalties resulting from audit discoveries. <br /> Current Assessed Value N/A County Opinion Applied listing penalties of <br /> $1,198.70 <br /> Time of Hearing 1:17 PM Appellant Opinion Compromise of taxes for <br /> $1,198.70 in listing penalties <br /> County Representative Karen Atwater Board Decision Grant compromise in the amount <br /> of$599.35, 50% of listing <br /> penalties <br /> Evidence submitted by the appellant: <br /> • I am writing to appeal the late fees charged on the historical business personal property tax that <br /> I owe as a result of my recent audit. <br /> • Unfortunately, I was not aware that I needed to report expensed assets in the total property <br /> value on my property tax reporting forms. I was under the assumption that only depreciated <br /> assets,as listed on my federal tax return,were subject to the property tax. <br /> • I have absolutely no contention with paying the actual taxes owed but feel that almost$1200 of <br /> penalties is unwarranted considering I was not knowingly misrepresenting my asset value. <br /> Evidence submitted by the county representative: <br /> • The county contracted with County Tax Services Inc.to perform an audit on Point In Space, <br /> specifically for their dba Dwarf Star Studios. <br /> • Initial introductory correspondence from CTSI was mailed June 16,2023 and followed the <br /> process to final discovery notice dated Aug. 3,2023. The discovery included penalties per <br /> NCGS 105-312 (h). <br /> • Point In Space has had a business personal property account with the county since 2008. <br /> Listing forms have been submitted each year since that time. <br /> • Appellant's full letter of appeal <br /> • Copy of Discovery Notice <br /> • Copy of Discovery Bills <br /> Motion of the Board I Compromise in the amount of$599.35 <br />