2024-208-E-Tax Dept-Tax Management Associates-Business Personal Property Tax Listing Audits

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Exhibit I – Scope of Services A. AUDIT SERVICES 1. In accordance with the charges, terms and condition contained in the Agreement, TMA agrees to furnish business personal property audit services to verify the accuracy of taxpayers’ tax listings files with the Orange County Tax Administrator. 2. The services provided by TMA will be performed in accordance with the terms and conditions provided by this Agreement and in compliance with all applicable North Carolina Property Tax Statutes. TMA agrees to perform audits in accordance with professionally accepted auditing and accounting standards. 3. In accordance with the charges, terms and conditions contained in this agreement, TMA agrees to furnish Business Personal Property Audit Services to verify the accuracy of business taxpayers’ business personal property tax listings filed with the Orange County Tax Administrator. Approximately ninety six (96) audit locations will be performed over the course of the term of the Agreement. Audits to be performed by TMA to verify the accuracy in Taxpayers’ listings shall be selected and assigned by the County as may hereafter be deemed appropriate. Audits will be classified based on the selected account’s most recent year’s assessed value at the time of audit selection. The classification of audit sizes if determined by the assessed value ranges listed below: Audit Size S A B C D D3 Assessed Value Range $0 - $50,000 $50,000 - $399,999 $400,000 - $999,999 $1,000,000 - $4,999,999 $5,000,000 - $19,999,999 $20,000,000 and greater Example Annual Breakdown Audit Size Count A 75 B 11 C 9 D 1 D3 0 Per Year Count 96 Per Year Cost $76,320 4. All correspondence in connection with audits sent to the Taxpayer will be signed by the County Tax Administrator or by his authorized designee. DocuSign Envelope ID: D41F08E1-2DF5-4DD0-8BDA-84636905CDCF