AGENDA DATE: 8/7/2024
TITLE:
Title
Tax Refund Approval Request
BODY
SUBJECT/PROPOSAL/REQUEST: Request to approve tax refunds for taxpayers as required by State Code.
ITEM TYPE: Consent Action Item
STAFF CONTACT(S): Richardson, Rosenberg, Bessette, Sumner, Usher, Bowman, Matheny, Lane, Lenherr
PRESENTER (S): Jennifer Matheny
LEGAL REVIEW: Yes
REVIEWED BY: Jeffrey B. Richardson
BACKGROUND: Virginia Code §58.1-3981 requires that erroneous tax assessments shall be corrected and that a refund, with interest as applicable, be paid back to the taxpayer. Tax refunds resulting from erroneous assessment over $10,000 must be approved by the Board of Supervisors before any payments are made.
STRATEGIC PLAN: Mission - To enhance the well-being and quality of life for all community members through the provision of the of the highest level of public service consistent with the prudent use of public funds.
DISCUSSION: Staff is requesting approval from the Board for the itemized refunds in Attachment A totaling $181,905.61 to conform with Virginia Code §58.1-3981. Each refund amount listed has been reviewed and certified by staff and the Chief Financial Officer with the consent of the County Attorney’s Office. It is the County’s practice to request such refunds on a quarterly basis.
BUDGET IMPACT: Staff do not anticipate a budget impact associated with the recommended Board action. Tax refunds are a customary part of the revenue collection process and refund expectations are included in the annual revenue budget assumptions.
RECOMMENDATION:
Recommendation
Staff recommends that the Board adopts Resolution (Attachment A) to approve the refund requests and authorize the Department of Finance and Budget to initiate the refund payments.
ATTACHMENTS:
Att.A - Resolution