May 24, 2007
TAX ASSESSOR SEARCHING FOR UNDECLARED PERSONAL PROPERTY
Mecklenburg County is on the look-out for boats, jet skis, unregistered cars, even airplanes - personal property that has not been declared to the Tax Assessor's office.
Mecklenburg County residents must pay property tax on such items, and it's their responsibility to list it with the
Tax Assessor. On May 29, the County will mail about 5,000 notices to residents that listed personal property last year, but failed to list in 2007. Letters will also be sent to businesses that failed to file.
To avoid being automatically assessed for the personal property, owners must follow the instructions in the letters. They may need to provide a copy of the bill of sale showing the property was sold, or a copy of a tax listing showing it being assessed in another county or state, or proof of disposal.
North Carolina law requires that
INDIVIDUAL PERSONAL PROPERTY be listed with the tax assessor during the month of January each year. The property is taxed based on its value on January 1. 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.
Individual personal property includes such items as:
- Boat motors
- Jet skis
- Untagged vehicles and trailers of all kinds
- Manufactured homes
- Income producing farm equipment
North Carolina law also requires that all businesses list
BUSINESS AND PROFESSIONAL PERSONAL PROPERTY, so it can be taxed accordingly. Failure to list can result in a 10 percent penalty. Business and professional personal property includes any personal property owned by the business and/or used in the process of doing business, such as equipment, furniture, fixtures, computers and leasehold improvements.
311 for more information. Outside of Mecklenburg County, call
JULY 1 IS DEADLINE TO RENEW BUSINESS LICENSES
There are more than 50,000 businesses in Mecklenburg County and most are required to have a local "privilege license," also known as a business license. All
business licenses in Mecklenburg County expire on June 30, 2007. The Mecklenburg County
Tax Collector is preparing to mail renewal notices to these businesses, which are due on or before
July 1, 2007 to avoid penalties.
Any business operating in Mecklenburg County may be required to obtain a business license. That includes businesses that are home-based, sole proprietorship, partnerships, limited liability corporations, corporations, full-time or part-time. Taxes vary depending on the type and size of the business. In most cases, the license tax is based on past gross sales (or estimated sales for new businesses): $0.60 per $1,000 of gross sales, with a minimum tax of $50 and a maximum tax of $10,000.
BEER AND WINE: Businesses with beer/wine licenses are reminded that renewals were due May 1, 2007. Any business that operates without a local beer/wine license runs the risk of losing its ABC permit.
Businesses with beer/wine licenses are reminded that renewals were due May 1, 2007. Any business that operates without a local beer/wine license runs the risk of losing its ABC permit.
The Tax Collector urges any business operating without a license to contact the Mecklenburg County Business Tax Collection Unit immediately. Staffers are prepared to walk business owners through the process of obtaining a license to insure that they are compliant with all tax laws and ordinances.
For more information:
· Visit the Web site
· Visit the business Tax Collection Division, Hal Marshall County Services Center, 700 North Tryon Street, Charlotte.