2021-46 RESOLUTION Late Tax Listing Penalty Guidelines 10-4-21

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FILED LEE COUNTY NC PAMELA G. BRITT REGISTER OF DEEDS FILED Nov 22, 2021 AT 02:30:55 pm BOOK 00003 START PAGE 0772 END PAGE 0773 , INSTRUMENT# 10012 EXCISE TAX (None) 'k1Ii 0\ C M1-, . - 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; and, WHEREAS,the Lee County Board of Commissioners would like to update and adopt a new resolution for the Board to follow when considering late tax listings. NOW,THEREFORE, BE IT RESOLVED that the Lee County Board of Commissioners hereby approves the following late tax listing penalty guidelines to be considered when examining late listing penalty relief when sought by a taxpayer: 1. The Board of Commissioners MAY reduce the late listing penalty as follows: a. 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%. b. 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%. c. If the listing is received or postmarked between 31 and 59 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 25%. d. If the listing is received or postmarked after 60 days following the close of the annual listing period as defined above, no relief will be granted to the taxpayer,