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Agenda - 12/11/2008 - 4d
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Agenda - 12/11/2008 - 4d
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Last modified
12/9/2008 3:03:54 PM
Creation date
12/9/2008 3:03:53 PM
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BOCC
Date
12/11/2008
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
4d
Document Relationships
Minutes - 20081211
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\2000's\2008
RES-2008-094 Property Tax Releases
(Linked From)
Path:
\Board of County Commissioners\Resolutions\2000-2009\2008
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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: December 11, 2008 <br />Action Agenda <br />Item No. <br />SUBJECT: Propertv Tax Releases <br />DEPARTMENT: Assessor's Office PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): <br />Resolution <br />Spreadsheet <br />INFORMATION CONTACT: <br />John Smith, 245-2101 <br />PURPOSE: To consider adoption of a resolution to release property values related to three (3) <br />requests for property tax release. <br />BACKGROUND: The Assessor's Office is requesting approval to release property value <br />related to three (3) requests for property tax release. (see explanations on attached <br />spreadsheet). General Statute 105-381(b), "Action of Governing Body" provides that "upon <br />receiving a taxpayer's written statement of defense and request for release or refund, the <br />governing body of the Taxing Unit shall within 90 days after receipt of such a request determine <br />whether the taxpayer has a valid defense to the tax imposed or any part thereof and shall either <br />release or refund that portion of the amount that is determined to be in excess of the correct <br />liability or notify the taxpayer in writing that no release or refund will be made". North Carolina <br />law allows the Board to approve property tax releases for the current and four previous fiscal <br />years. <br />FINANCIAL IMPACT: Approval of this change will result in a net reduction in revenue of <br />$42,179.70 to the County, municipalities, and special districts for FY 2008/2009. The approval <br />of these releases will bring the total net reduction for FY 2008/2009 to $82,624.88. The Tax <br />Assessor recognized that releases and Property Tax Commission decisions can impact the <br />budget and accounted for these in the annual budget projections. <br />RECOMMENDATION(S): The Manager recommends the Board approve the attached <br />resolution approving three (3) property tax release requests in accordance with N.C. General <br />Statute 105-381. <br />
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