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2 <br /> One applicant is applying for a charitable exemption based on NCGS 105-278.6, which allows for <br /> an exemption from property taxes for property used charitable purposes. <br /> Including these twenty applications, the Board will have considered a total of twenty untimely <br /> applications for exemption of 2024 taxes since the 2024 Board of Equalization and Review <br /> adjourned on June 20, 2024. Taxpayers may submit an untimely application for exemption of <br /> 2024 taxes to the Board of Commissioners through December 31, 2024. <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 2024-2025 taxes due to the County, <br /> municipalities, and special districts in the amount of $64,040.46. <br /> ALIGNMENT WITH STRATEGIC PLAN: This item supports: <br /> • GOAL 6: Diverse and Vibrant Economy <br /> OBJECTIVE 5. Increase access to and awareness of resources and assistance available <br /> to residents and businesses. <br /> RECOMMENDATION(S): The Manager recommends that the Board approve the attached <br /> resolution for the above listed applications for FY 2024-2025 exemption. <br />