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2 <br /> One (1) applicant is applying for a charitable exemption based on NCGS 105-278.7 which allows <br /> for an exemption from property taxes for property used for educational, scientific, literary, or <br /> charitable purposes. <br /> Including these twenty (20) applications, the Board will have considered a total of twenty (20) <br /> untimely applications for exemption of 2025 taxes since the 2025 Board of Equalization and <br /> Review adjourned on July 31, 2025. Taxpayers may submit an untimely application for exemption <br /> of 2025 taxes to the Board of Commissioners through December 31, 2025. <br /> FINANCIAL IMPACT: The reduction in the County's tax base associated with approval of the <br /> exemption applications will result in a reduction of FY 2025-2026 taxes due to the County, <br /> municipalities, and special districts in the amount of $39,282.02. Of this total, the impact on the <br /> County's portion of the taxes is $24,424.95. <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 /> By considering and approving qualifying exemptions, the County helps ensure equitable access <br /> to statutory tax relief, thereby supporting residents of varying incomes and circumstances. In <br /> cases where exemptions are tied to nonprofit housing, charitable, or veteran services, the action <br /> also advances the County's Guiding Principles of equity and stewardship, ensuring that <br /> government services are applied fairly and that resources are managed responsibly to meet <br /> community needs. <br /> RECOMMENDATION(S): The Manager recommends that the Board approve the attached <br /> resolution for the above listed applications for FY 2025-2026 exemption. <br />