HomeMy WebLinkAboutAgenda -11-06-2008 - 4dORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: November 6, 2008
Action Agenda
Item No. ~-
SUBJECT: Property Tax Releases
DEPARTMENT: Assessor's Office PUBLIC HEARING: (Y/N) No
ATTACHMENT(S):
Resolution
Spreadsheet
INFORMATION CONTACT:
John Smith, 245-2101
PURPOSE: To consider adoption of a resolution to release property values related to five (5)
requests for property tax release.
BACKGROUND: The Assessor's Office is requesting approval to release property values
related to five (5) requests for property tax release. (see explanations on attached spreadsheet).
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.
FINANCIAL IMPACT: Approval of this change will result in a net reduction in revenue of
$8,010.10 to the County, municipalities, and special districts for the FY2008-2009. The
approval of these releases will bring the total net reduction for FY2008-2009 to $40,445.18. The
Tax Assessor recognized releases and Property Tax Commission decisions can impact the
budget and accounts for these in the annual budget projections.
RECOMMENDATION(S): The Manager recommends the Board approve the attached
resolution approving five (5) property tax release requests in accordance with N.C. General
Statute 105-381.
NORTH CAROLINA
ORANGE COUNTY
RELEASE RESOLUTION (Approval)
Whereas, North Carolina General Statutes 105-381 and/or 330.2(B) allows for the release of
taxes when the Board of County Commissioners determines that a taxpayer applying for the release has a
valid defense to the tax imposed; and
Whereas, the properties listed in each of the attached "Request for Property Tax Release" has
been taxed and the tax has not been collected: and
Whereas, as to each of the properties listed in the Request for Property Tax Release, the taxpayer
has timely applied in writing for a release of the tax imposed and has presented a valid defense to the tax
imposed as indicated on the Request for Property Tax Release.
NOW, THEREFORE, IT IS RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF ORANGE COUNTY THAT the recommended property tax release(s) are
approved.
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
2008.
Clerk to the Board of Commissioners
RELEASE (GS 105-381)
November 6, 2008
(Taxable) Value Rate Financial Property
Name Map Ref Tract # Old Value New Value Difference Code Impact Description Reason for Adjustment
Southeast Region IV LLC Acct 290170 806,265 462,704 -43,561 22 -788.01 Bus Personal Release is for 2008. Clerical Error
Incorrect personal property schedule was
used to value furniture/fixtures for apartments.
Brookstone Drive Assoc Acct 288694 836,313 799,565 -36,748 22 -664.77 Bus Personal Release is for 2008. Clerical Error
Incorrect personal property schedule was
used to value furniture/fixtures for apartments.
Faith Tabernacle of Love 7.23.C.27 706819 58,861 0 -58,861 21 -1,.126.77 Religious Org Release is for 2008 Illegal Tax
Property has previously applied for and been
approved for exempt status.
Oenophilia Inc Acct 72620 263,562 0 -263,562 22 -4,767.84 Bus Personal Release is for 2008 Clerical Error
Business moved from Chapel Hill to
Hillsborough. This releases the entire bill
for Chapel Hill. A collection order will
correctly bill in Hillsborough.
Mt Carmel Baptist Church 7.130.A.6 700847 51,453 0 -51,453 17 -662.71 Religious Org Release is for 2008 Illegal Tax
Property has previously applied for and been
approved for exempt status.
-454,185 -8,010.10
W