County Assessor's Office
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How do I reflect deletions and additions in the list of equipment section?Subtract or add cost
figures in the year in which it was purchased and listed (see the original cost
column), using the columns labeled “Additions” and “Deletions”.
How do I change our name and address?Use the online form, print and fax to 704-336-6386 or mail to our office.
How is Business Personal Property assessed?Most business personal property is valued using Replacement Cost
New Less Depreciation. These factors are applied to the reported historical
installed cost provided to determine a current taxable value as of January
1. Depreciation factors are determined
by the useful life of the property and vary by the type of property being
Aircraft, Watercraft, Mobile Homes, Multi-Year tagged trailers,
International Registration plated vehicles, Unregistered Vehicles and some
miscellaneous construction and farm equipment may be valued individually using
value guides appropriate for the property.
These guides provide a fair market value for the property as of January
What do I do if I closed my business?If your business is closed
or was sold, please write in on the listing form or fax or mail a letter
Doing Business As Name or Old Business Name (if sold) Contact name & phone#Date closed or soldHow equipment was disposed of (if closed)
How do I file for an extension for existing or new accounts?If you wish to obtain an extension for filing a return, you must request same in writing giving good cause by January 31st for same year.
How do I fill out supplies?List Supplies On Hand on January 1st if physical inventory taken OR total supplies for the year and divide by 12.
If I didn't buy anything last year, do I have to list?Yes; a return is required
each year with the cost of all assets on hand as of January 1 of the listing
What is the mailing address?Mailing address is located in the upper left corner of the listing form.
Mecklenburg County Assessor's Office-Business Personal PropertyPO BOX 36819Charlotte, NC 28236-6819
What is CIP?Construction in Progress of Business Personal Property, not Real Estate.
Why is my physical address different on my bill?Your physical address might
be different than the address on the Real Estate card closest to your address.
If the physical address is incorrect, please strike through the information and
provide the corrected information. If
the address exists in our database, we will be able to update the information
on your records.
What do I do with old equipment brought into a new business?List it in year acquired at
original cost. Make note in margin old equipment transferred into business or
into the location from another area.
What does "discovery" mean on my bill?The equipment, furniture or fixtures was not timely listed on the original form in any given year. The Assessor is bound to discovery and list all unreported taxable personal property.
What does index mean?Index means the value shown was calculated outside of the assessment system and entered as an indexed amount. Work papers and back up information are available in these cases.
Index can also mean an estimated business value for unreported businesses. For details, call the Business Personal Property department at 704-336-6382
How do I fill out the Business Personal Property form?Business Personal Property should be listed based on the historical installed cost of the assets in the year they were originally installed. Expensed equipment, excluding expensed software, must be listed in this manner as well.
Supplies and Construction in Progress are to be listed as of January 1. Supplies may include janitorial, office, barber and beauty supplies as well as medical supplies, replacement parts for owned equipment and fuels held for consumption on hand.
Properties like Aircraft, Watercraft, Multi-Year Tagged Trailers, International Registration Plated trucks and Mobile Homes are to be listed in an itemized manner on the back of the listing form.
For more detailed information, please see the instructions included with your listing or call Personal Property Dept. 704-336-6382
Do I have to send the list of Leased Equipment in every year?Yes; Business Personal
Property listing is an annual process. Leased equipment can be moved around,
can be turned in, can be bought by the lessee, or taken back by the lessor, any
leased equipment should be listed as of January 1 of each year.