Individual Personal Property Frequently Asked Questions (FAQ)
Q: What types of personal property am I required to list?
A: You are required to list the following:
•Unlicensed Vehicles (Untagged/Expired Tag)
•Vehicles with International Registration Plates (IRP/Apportioned Tag)
•Trailers with permanent/multi-year tags
Q: When should I list my personal property with the tax office?
A: The month of January is the month when personal property is to be listed each year. Personal property must be listed by January 31st of each year to avoid a 10% late listing penalty.
Q: Who is responsible to list and pay taxes on personal property?
A: The owner of the property on January 1 of the year is responsible to list and pay the taxes on the personal property. Even if property is sold during the year, the owner on January 1 is still responsible for the taxes. North Carolina General Statutes do not provide for the proration of taxes on personal property that is required to be listed.
Q: How is personal property assessed and may I appeal the assessment on my property?
A: Personal property is assessed at fair market value as of January 1 each year. If you do not agree with the assessment of your personal property, you may appeal the value within 30 days from the date of the bill. Your appeal must be in writing and contain a description of your disagreement and include any documentation to support your appeal. Also, you may use an appeal form provided by the county.
Q: If I register my boat with North Carolina Wildlife, must I still list it with the Tax Office?
A: Yes, you must list the boat with the Tax Office. The North Carolina Wildlife System is not tied into the tax system like NC DMV.
Q: What does situs mean?
A: The situs of property is the place where the property is permanently located.
Q: If I own personal property, do I have to list it every year?
A: Yes, under North Carolina General Statutes you are required to list the property every year. The tax office does not know from one year to the next what happens to your property unless you complete and file your listing. If you dispose of the property, you should indicate that on the listing form along with adding any additional items you have acquired.