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January 31 Is Listing & Exemption Deadline
January 31 is the deadline to list your personal property or apply for a local tax exemption.
January 29, 2007

Do you own a boat? Maybe a small airplane? What about a car that isn't registered with the DMV? Mecklenburg County reminds citizens that they must pay tax on such property, and it's their responsibility to make sure it's listed with the tax assessor by January 31.

Do you own a boat? Maybe a small airplane? What about a car that isn't registered with the DMV? Mecklenburg County reminds citizens that they must pay tax on such property, and it's their responsibility to make sure it's listed with the  by January 31.

North Carolina law requires that INDIVIDUAL PERSONAL PROPERTY be listed with the tax assessor during the month of January each year. The property will be taxed based on its value on January 1. While Mecklenburg County has various tools for finding such unlisted property, it is the responsibility of the taxpayer to make sure their property is listed to avoid paying penalties. Failure to list can result in a 10 percent penalty.

In late December, forms are mailed to all taxpayers who listed personal property during the previous year. Personal property includes such items as:
- Boats
- Boat motors
- Jet skis
- Untagged vehicles and trailers of all kinds
- Aircraft
- Manufactured homes
- Income producing farm equipment
- Satellite dishes

North Carolina law also requires that all businesses list BUSINESS AND PROFESSIONAL PERSONAL PROPERTY, so it can be taxed accordingly. Business owners are responsible for obtaining a listing form if they haven't received one in the mail. Failure to list can result in a 10 percent penalty, although an extension may be granted if good cause is shown.

Business and professional personal property includes any personal property that is used to produce income, such as equipment, furniture, fixtures, computers and leasehold improvements.

January 31 is also the final day to apply for a LOCAL TAX EXEMPTION from Mecklenburg County on non-profit, farming, historic and other classifications of real estate. Currently, about 7,300 properties in Mecklenburg County are exempt or tax-deferred for a variety of reasons.
- Religious, charitable, educational, scientific, literary/cultural
- Farms
- Historic
- AV12s (tax-deferral while the assessment is under appeal)
- Brownfields
- Specially adapted housing for disabled veterans
- Continuing care retirement communities

Many non-profit organizations do not realize that when they file for exemption from state and federal income tax, that their state and federal exemption does NOT carry over into a local city and county tax exemption. North Carolina requires non-profit organizations to file a timely city and county tax real estate exemption application with their local tax assessor during the month of January. In order to qualify for local tax exemption, their property must meet ownership, application, and usage criteria.

1. When filing for local tax exemption, the property must be owned by a qualifying non-profit organization. Property which is titled to an individual cannot be exempted for religious, charitable, educational, scientific, or literary purposes.

2. Timely real estate exemption applications must be listed with the local city/county tax assessor in January in order to adjust the bill which is issued for that current year. If an organization is seeking an exemption on a vehicle, upon receipt of a vehicle tax bill, the organization must file an application before their vehicle tax bill becomes delinquent.

3. If an organization is seeking a real estate exemption, it must have a building in actual use for the purpose in which the exemption is being claimed. Any additional land reasonably necessary for the use of such building can also be exempted from local taxation. The only exclusion to this use requirement is that land can be held for low income housing development by a not-for-profit low income housing organization for up to five years. If the property is not built upon within five years, the taxes for the prior five years plus interest become immediately due and payable.

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Applications for local tax exemption and listing forms for individual or business personal property are available at Mecklenburg County's Office of Property Assessment and Land Records Management at the Robert L. "Bob" Walton Plaza, 700 East Stonewall Street, Charlotte. Click here or call 311 for more information.




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