Minutes - May 20, 2013 Reg. Meeting

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BK 0O025 PG 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. 7. DEMAND FOR RELEASE OR REFUND. In the event a taxpayer asserts the taxpayer's remedies pursuant to N.C.G.S. §105 -381, including a demand for release or a request for a refund, County will notify the Municipality of each request and the governing bodies of the County and Municipality will take individual action upon their respective tax claims pursuant to N.C.G.S. §105- 381(b). Furthermore, both parties agree to handle all refunds, releases and compromises under the provisions of Article 27, Refunds and Remedy Chapter 105 of the N.C.G.S., and agree not to release, refund or compromise any and all taxes except as provided in Article 27. 8. AUDIT. The parties agree that the collection shall be subject to audit by a certified public accountant to be selected by the County. 9. DELINQUENT NOTICES. The County agrees to print and mail delinquent notices each year on or before July 1. 10. ADVERTISEMENT OF TAX LIENS. The parties agree that there shall be at least one advertisement of tax liens on real property for failure to pay taxes pursuant to N.C,G.S. §105 -369. The time of advertisement shall be selected by the County. 11. FISCAL MONTH CLOSINGS. 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 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. 12. TAX BILL. 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. 13. PARTIAL PAYMENTS. 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.