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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: March 7, 2024 <br /> Action Agenda <br /> Item No. 8-d <br /> SUBJECT: Late Application 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 /> Request for Exemption/Exclusion <br /> PURPOSE: To consider one (1) untimely application for exemption/exclusion from ad valorem <br /> taxation for one (1) bill 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 /> One applicant is 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 /> Including this one (1) application, the Board will have considered a total of sixty-three untimely <br /> applications for exemption of 2023 taxes since the 2023 Board of Equalization and Review <br /> adjourned on June 22, 2023. Taxpayers may submit an untimely application for exemption of 2023 <br /> taxes to the Board of Commissioners through December 31, 2023. <br /> FINANCIAL IMPACT: The reduction in the County's tax base associated with approval of the <br /> exemption application will result in a reduction of FY 2023/2024 taxes due to the County, <br /> municipalities, and special districts in the amount of $600.85. <br />