RESOLUTION - GUIDELINES FOR LATE TAX LISTING PENALTY - #2013-38

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�Z01 - - LEE COUNTY Committed Today for a Better Tomorrow RESOLUTION LATE TAX LISTING PENALTY GUIDELINES WHEREAS, pursuant to North Carolina General Statute §105- 312(b), it is the duty of the assessor to see that all property not properly listed during the regular listing period is listed, assessed and taxed; and, WHEREAS, pursuant to North Carolina General Statute §105- 312(h), a penalty of ten percent (10 %) must be added to any property not properly listed during the regular listing period; and, WHEREAS, pursuant to North Carolina General Statute §105- 312(k), the Lee County Board of Commissioners may, upon petition by the taxpayer, compromise, settle or adjust the penalty assessed against a taxpayer who failed to list all property during the regular listing period; and, WHEREAS, the Lee County Board of Commissioners, at its regular meeting on November 4, 2013, desired to implement discretionary guidelines to assist in compromising, settling or adjusting penalties for late tax listings. NOW, THEREFORE, BE IT RESOLVED that the Lee County Board of Commissioners hereby approves the following late tax listing penalty guidelines: The Board of Commissioners may reduce the late listing penalty as follows: If the listing is received or postmarked within the first 5 days following the close of the annual listing period as defined in North Carolina General Statute §105- 307(a) (b), the penalty may be reduced by up to 90 %. If the listing is received or postmarked within 30 days of the close of the annual listing period as defined in North Carolina General Statute §105- 307(a) (b) (c), the penalty may be reduced by up to 50 %. The amount of late listing penalty as it pertains to County levy may not exceed $5,000. The amount of late listing penalty as it pertains to Fire District taxes may not exceed $5,000. Any individual or business entity with a listing filed late in the past five consecutive tax years may be ineligible for a compromise, settlement or adjustment under these guidelines. Any individual or business entity receiving payments for an economic development grant may be ineligible for compromise, settlement or adjustment under these guidelines. The County Board of Commissioners reserves the right to authorize a compromise, settlement or adjustment outside the provisions of these guidelines on a case by case basis. ADOPTED this 2 nd day of December 2013. Chairman A EST: Lee County Board of Commissioners Ga el M. , Lee Clerk o t e Board