Business personal property must be listed for tax purposes on an annual basis. Business personal property includes, but is not limited to, supplies, machinery, equipment, computers, furniture, fixtures, leasehold improvements, airplanes and farm machinery. Any income producing personal property is considered by North Carolina General Statutes as business personal property.
All business personal property that is subject to taxation must be listed within the time period of January 1 through January 31. View/print complete listing instructions. The Board of County Commissioners has the authority to extend the listing period. Traditionally, they have extended the period to February 15. Listing extensions for business personal property may be requested in writing prior to the close of the regular listing period. Obtain an Extension Request Form. This request must be for a good cause and cannot be extended beyond April 15. Failure to list within the required period will result in a penalty of 10% of the total tax levied.
If you have listed with us in a previous year and have an active account, a listing form will automatically be mailed to you at the address of record as of January 1. If you do not receive a listing form and you have property which is required to be listed, it is your responsibility to obtain a listing form by contacting the Business Personal Property Section during regular office hours.
Those who own income producing farm equipment are required to list with the Business Personal Property Section.