Agenda - 08-19-2003-8f - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: August 19, 2003 Action Agenda Item No. SUBJECT: Pro ert Tax Release DEPARTMENT: Assessor's Office PUBLIC HEARING: (YIN) No ATTACHMENT(S): Property Tax Release Request Resolution INFORMATION CONTACT: John Smith, ext. 2101 TELEPHONE NUMBERS: Hillsborough 732-8181 Chapel Hill 968-4501 Durham 688-7331 Mebane 336-227-2031 PURPOSE: To consider adoption of a resolution to release property value related to one (1) request for property tax release. BACKGROUND: The Assessor's Office has received a request from Joseph Brodie for release of property taxes assessed in the prior fiscal year. General Statute 105-381(b), "Action of Governing Body" provides that "upon receiving a taxpayer's written statement of defense and request for release or refund, the governing body of the Taxing Unit shall within 90 days after receipt of such a request determine whether the taxpayer has a valid defense to the tax imposed or any part thereof and shall either release or refund that portion of the amount that is determined to be in excess of the correct liability or notify the taxpayer in writing that no release or refund will be made". North Carolina law allows the Board to approve property tax releases for the current and four previous fiscal years. Release of 2000 property valuation for Joseph Brodie from $389,937 to $310,140 is appropriate since, in December of 2000, Mr. Brodie reported that his upstairs was being taxed as complete when it was in reality only storage. However, in 2000, a clerical error was made when the assessed value was not corrected and the correction was not submitted to the BOCC for approval under General Statute 105-325. FINANCIAL IMPACT: Approval of this change will result in a net reduction in revenue of $777.23 to the County, municipalities, and special districts. RECOMMENDATION(S): The Manager recommends that the Board approve the attached resolution approving one (1) property tax release request in accordance with N.C. General Statute 105-381.