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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: October 1, 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 eighteen (18) untimely applications for exemption/exclusion from ad <br /> valorem taxation for twenty-three (23) bills for the 2024 tax year. <br /> BACKGROUND: North Carolina General Statutes (NCGS) typically require applictions for <br /> exemptions to be filed during the listing period, which is usually during the month of January. <br /> Applictions 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 appliction, 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 /> Ten 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 /> Two applicants are applying for Circuit Breaker exclusion based on NCGS 105-277.1 B which <br /> allows 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 105-277.1(C), which <br /> allows for an exclusion of $45,000 for an honorably discharged Disabled American Veteran. <br /> One applicant is applying for exclusion based on NCGS 105-278, which allows for exclusion from <br /> property taxes for real property designated as a historic property. <br /> Four applicants are applying for exclusion based on NCGS 105-278.3, which allows for exclusion <br /> from property taxes for property used for a religious purpose. <br />