Item:
Title
Approval of Property Tax Releases and Refunds for February 2025
Body
Date of BOCC Meeting: March 24, 2025
Request for Board Action:
Agenda Text
The Board is requested to approve the Releases & Refunds for February 2025, which includes adjustments to the current year’s levy as well as prior years’ levies. Due to property valuation adjustments for over assessments, listing discrepancies, duplicate listings, and clerical errors, etc. the attached reports detail monthly releases and refunds for February 2025.
This month’s report includes releases and refunds for tax year 2024 totaling $ 692,247.99. Prior tax years’ (2015-2023) releases and refunds are in the amount of $ 71,578.72. February 2025, releases and refunds total $ 763,826.71.
Alignment with Strategic Plan: This item aligns with Durham County Strategic Goal: Financial Stewardship. This request is to ensure the County complies with financial requirements mandated by North Carolina General Statutes which ensures we are accountable to our citizens.
Resource Persons: Keyar Doyle, Tax Administrator
County Manager’s Recommendation: The County Manager recommends that the Board approve the property tax release and refund report for February 2025, as presented and authorize the Tax Assessor to adjust the tax records as outlined by the report.
Signature
County Manager: ____________________________