Morrisville Code of Ordinances - publishing_20231101

ARTICLE II.

FINANCE

Sec. 2-31. Uncollectible Tax Receivables*

(1) This section shall be known and may be cited as the property tax write-off policy of the town.

(2) 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.

(3) 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.

(4) The provisions of this section shall apply to uncollectible property tax receivables as a result of bankruptcy, insolvency or limitations imposed by statute.

(5) The Town’s budget ordinance provides authority annually (by resolution) to Wake County (for properties in the Town of Morrisville and Wake County) and to Durham County (for properties in the Town of Morrisville and Durham County) to collect and manage Town taxes, including uncollectible taxes.

(a)

The Finance Director works annually with both Wake County and Durham County to reconcile uncollectible taxes.

(b) Any uncollectible taxes reported to the Town by Wake County and Durham County are recorded in the Town’s Annual Comprehensive Financial Report (ACFR).

(Ord. No. 92-52, § 5, 6-22-92; Ord. No. 2023-6-0, 3-14-23) __________ *

State Law References: Local government fiscal authority, G.S. 159, Article III.

__________ Secs. 2-32 — 2-60. Reserved.

CD2:3

Supp. No. 10