2001 - 05-21-01 Regular Meeting - Laserfiche WebLink

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022 Box 18 F~cE 427 Management Trust if the amount exceeds $2,000. If the amount does not exceed $2,000, the funds will be transferred when $2,000 has accumulated. The County Finance Director will fax a copy of the print out showing the amount transferred to the Municipality's revenue collector each time a transfer is made. At the end of each month, the County Tax Office will reconcile all activity for the month and calculate any necessary adjustment due to errors, releases, refunds, returned checks, etc. If an adjustment is necessary, the County Finance Director will withhold a set amount from the collection due to the Municipality. A copy of the adjustment calculation or adjustment justification will be provided to the Municipality. 8. In the event a taxpayer asserts the taxpayer's remedies pursuant to North Carolina General Statute §105-381, including a demand for release or a request for a refund, the County will notify the Municipality of each request and the governing bodies of the County and the Municipality will take individual action upon their respective tax claims pursuant to North Carolina General Statute §105-381(b) and each agrees to handle all refunds, releases, and compromises under the provisions of Article 27, Refunds and Remedy, Chapter 105 of the General Statutes of North Carolina and agrees not to release, refund, or compromise any and all taxes except as provided in Article 27. 9. The parties agree that the collection shall be subject to audit by a certified public accountant to be selected by the County. 10. The County agrees to print and mail delinquent notices each year on or before July I". 11. The parties agree that there shall be at least one advertisement of tax liens on real property for failure to pay taxes pursuant to North Carolina General Statute §105- 369. The time of advertisement shall be selected by County. 12. The parties agree that all fiscal month closings shall be on the last day of each month with the exception of when the last day falls on a weekend. When the last day falls on a weekend, the fiscal month shall close on the preceding Friday. If the last day falls on a holiday, the fiscal month shall close on the preceding day prior to the holiday except that June 30`h shall be the closing for both the fiscal year and the fiscal month and December 31" shall be the close of the fiscal month and the calendar year. 13. The parties agree that there shall be one tax bill which shall indicate a separate total for County and a separate total for Municipality and in addition shall state a grand total of the County and Municipal ad valorem taxes. 14. In the event a taxpayer makes a partial payment, the County Tax Collector shall divide the payment equally between the County ad valorem taxes due and the Municipal ad valorem taxes due, except when the taxpayer directs that the money be applied on another basis.