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CD2:3
Supp. No. 9
ARTICLE II.
FINANCE
Sec. 2-101. Uncollectible Tax Receivables*
(a). This section shall be known and may be cited as the property tax write-off policy
of the town.
(b). This section is effective in regard to all property taxes, both real and personal, in
all areas of the town where such taxes are collected.
(c). It is the purpose of this section to aid in easing the task of bookkeeping by
allowing for the omission of entries which no longer are considered relevant.
(d). The provisions of this section shall apply to uncollectible property tax receivables
as a result of bankruptcy, insolvency or limitations imposed by statute.
(e).
Those tax receivables found to be uncollectible shall be written off (forgiven and
removed from the town's tax scroll) in the following manner:
(1)
Once all notices have been published in accordance with the department of
state treasurer's policies manual, attempts at notification by certified mail
have proved unsuccessful (undeliverable), the finance officer will prepare
a list of such uncollectible tax receivables recommended for writing off.
(2)
The list, as described in subsection (1) of this section, shall be presented to
the Town Council during the first June meeting of every year.
(3)
The Town Council will vote as to whether or not to accept the
recommendations of the finance officer for the writing off of taxes.
(4)
If the Council accepts the recommendations of the finance officer, the
finance officer is empowered to remove those uncollectible tax receivables
from the town's tax scrolls. However, if the board does not accept all of
the recommendation, the finance officer will continue to carry these tax
receivables on the books and continue pursuing collection.
(Ord. No. 92-52, § 5, 6-22-92)
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*
State Law References:
Local government finance, G.S. 159-1 et seq.
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