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HomeMy WebLinkAboutAgenda - 02-20-2007-5fORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: February 20, 2007 Action Agenda Item No. 5 --F SUBJECT: Application for Property Tax Exemption DEPARTMENT: Assessor PUBLIC HEARING: (YIN) No ATTACHMENT(S): Exempt Status Resolution Spreadsheet Letter of Request INFORMATION CONTACT: John Smith, 245-2101 PURPOSE: To consider one (1) untimely application for exemption/exclusion from ad valorem taxation for the 2006 tax year. BACKGROUND: North Carolina General Statutes state that applications for exemption must be filed during the normal listing period, which is during the month of January. NCGS 105- 282.1(x)(5) does allow some discretion. Upon a showing of good cause by the applicant for failure to make a timely application, an application for exemption or exclusion filed after the close of the listing period may be approved by the Department of Revenue, the board of equalization and review, the board of county commissioners, or the governing body of a municipality, as appropriate. An untimely application for exemption or exclusion approved under this subdivision applies only to property taxes levied by the county or municipality. in the calendar year in which the untimely application is filed. One (1) applicant is applying for homestead exclusion based on NCGS 105-277.1, which allows exclusion of the greater of twenty thousand dollars ($20,000) or fifty percent (50%) of the appraised value of the residence. Based on the information supplied in the current application and the above referenced general statutes the applicant can be approved for 2006. The opinion of the Assessor is that the information provided to date satisfies the good cause requirement of NCGS 105-282.1(a)(5) and that the one (1) property should be approved for exclusion. The property is located at 4618 Gregg Street in Mebane. FINANCIAL IMPACT: The reduction in the County's tax base associated with approval of this exemption application will result in a reduction of 2006 taxes due to the County, municipalities, and special districts in the amount of $455.95. For fiscal year 2006/2007, the total net reduction in revenues is $30,867.08. RECOMMENDATION(S): The Manager recommends that the above listed applications for 2006 exemption be approved. NORTH CAROLINA ORANGE COUNTY EXEMPTTION/EXCLUSION RESOLUTION Whereas, North Carolina General Statutes 105-282.1 empowers the Board of County Commissioners to approve applications for exemption after the close of the listing period, and Whereas, good cause has been shown as evidenced by the information packet provided, and Whereas, the Assessor has determined that the applicants could have been approved for 2006 had applications been timely. NOW, THEREFORE, IT IS RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF ORANGE COUNTY THAT the properties applying for exemption for 2006 are so approved as exempt. Upon motion duly made and seconded, the foregoing resolution was passed by the following votes: Ayes: Commissioners Noes: I, Donna Baker, Clerk to the Board of Commissioners for the County of Orange, North Carolina, DO HEREBY CERTIFY that the foregoing has been carefully copied from the recorded minutes of the Board of Commissioners for said County at a regular meeting of said Board held on said record having been made in the Minute Book of the minutes of said Board, and is a true copy of so much of said proceedings of said Board as relates in any way to the passage of the resolution described in said proceedings. WITNESS my hand and the corporate seal of said County, this day of , 2007. Clerk to the Board of Commissioners c m m °- c c N X C] O N ? N v- n .0 La _ M cu (1) O O c o a C a> a) r E id U X O .c ? (D L ' .- Q ` C a) O fa c cr a w a) =1 cu o O N C l a ) U ? E a ca " a) co c c C 0 = E t l1 N c N (D a) O ca c U CL N a a w Cl) LO to "" La 0 rn to rn Lo CV ? j C RS M U') 't Lo co N = W d m M V ~ O ? O V O Z CV m co O N v N N Z, d O c CC) CO W N co M O c^y co w > C6 to K La ~ d w Z O LO J m (6 > rn ,a O Co L O H M 4- CO N `- ? Q ca co mac." M a) ca cn c Y (a d E N O Z Q 3 0 To Whom It May Concern: I ?1 ?'LJ/I'/? ft112` am applying for a late Homestead Exemption for yon tract #, because I not aware that this exemption was available to me. Just found out about the exemption. n r r ???%?? Signature W' 4-1c l W a