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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: February 6, 2024 <br /> Action Agenda <br /> Item No. 8-d <br /> SUBJECT: Late Applications for Property Tax Exemption/Exclusion <br /> DEPARTMENT: Tax Administration <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Exempt Status Resolution Nancy Freeman, Tax Administrator, <br /> Spreadsheet (919) 245-2735 <br /> Requests for Exemption/Exclusion <br /> PURPOSE: To consider eight (8) untimely applications for exemption/exclusion from ad valorem <br /> taxation for eight (8) bills for the 2023 tax year. <br /> BACKGROUND: North Carolina General Statutes (NCGS) typically require applications for <br /> exemption to be filed during the listing period, which is usually during the month of January. <br /> Applications for Elderly/Disabled Exclusion, Circuit Breaker Tax Deferment and Disabled Veteran <br /> Exclusion should be filed by June 1St of the tax year for which the benefit is requested. NCGS <br /> 105-282.1(a1) does allow some discretion. Upon a showing of good cause by the applicant for <br /> failure to make a timely application, an application for exemption or exclusion filed after the close <br /> of the listing period may be approved by the Department of Revenue, the Board of Equalization <br /> and Review, the Board of County Commissioners, or the governing body of a municipality, as <br /> appropriate. An untimely application for exemption or exclusion approved under this provision <br /> applies only to property taxes levied by the county or municipality in the calendar year in which <br /> the untimely application is filed. <br /> Six applicants are applying for homestead exclusion based on NCGS 105-277.1, which allows <br /> exclusion of the greater of$25,000 or 50% of the appraised value of the residence. <br /> One applicant is applying for Circuit Breaker exclusion based on NCGS 105-277.1 B which allows <br /> for tax relief based on income. The Circuit Breaker exclusion is a tax deferral program. <br /> One applicant is applying for disabled veteran exclusion based on NCGS 105-277.1C, which <br /> allows for an exclusion of $45,000 for an honorably discharged Disabled American Veteran. <br /> Including these eight (8) applications, the Board will have considered a total of sixty-two (62) <br /> untimely applications for exemption of 2023 taxes since the 2023 Board of Equalization and <br /> Review adjourned on June 22, 2023. Taxpayers may submit an untimely application for exemption <br /> of 2023 taxes to the Board of Commissioners through December 31, 2023. <br />