Monday, September 01, 2014   

Personal Property Tax

Personal property includes such items as mobile homes, untagged motor vehicles, boats, motors, farm equipment, aircraft, business machinery and equipment, or property rented to others as part of business. The tax rate for personal property is the same as the tax rate for real property.

Who Must List and Pay

Personal property such as mobile homes, untagged motor vehicles, boats, motors, farm equipment, aircraft, business machinery and equipment, or property rented to others as part of business, must be listed with the Personal Property Division every year during the listing period of January 1st to January 31st. A 10% late penalty will be applied to any personal property listed after January 31st. Listing abstracts will be sent to all taxpayers who listed these types of property for the prior tax year. If you do not receive an abstract and have acquired personal property that must be listed, it is your responsibility to contact the tax office.

You do not need to list registered motor vehicles.  Bills for personal property ( excluding registered motor vehicles ) are mailed in August and, like real property tax, tax is due September 1st and late on January 6th.

2014 Personal Property Listing Form
2014 Watercraft Property Listing Form
2014 Tax Relief Form

Registered Motor Vehicles Only

Motor vehicles are billed for personal property taxes approximately four months after the registration is renewed or tags are purchased for a new vehicle. When trading a vehicle, do not get a new tag, transfer your tag or it may result in a second tax billing & liability. When you receive your vehicle registration renewal card from the DMV, make sure your address and county information is correct. If the address and county are NOT correct, DMV must be notified so you are taxed by the proper county and city. The bill is payable on the first day of the month and due by the last day of that month. 5% interest is added if you pay the month after your due date, and an additional .75% is added the first day of each month thereafter until paid.

You will receive a separate tax bill on each registered vehicle you own approximately four months after each registration.

Address changes must be made at the Division of Motor vehicles. Please note that our billing will go out to the address listed at the time of the original renewal or registration. If this address changes and you have not received a bill from us within four months after renewal, contact the Revenue Department at 910-253-2729 for your balance due.

If you receive a bill from another county, please contact the tax office at 910-253-2829 or email.

Registered Motor Vehicle BLOCKS

If taxes are not paid on time, the tax collector will issue a “BLOCK” on your tag. If a vehicle receives a block, the registration CANNOT be renewed again until the taxes plus interest have been paid. The DMV does NOT send you any renewal information if a block is on your vehicle at the time of renewal.

Vehicle Value

All vehicles are valued annually, as of January 1st, no matter what month the vehicle is registered in. The value (retail value) is based upon market transactions, which include sales information from automobile dealers, from DMV and from the Internet. In some instances, the value is determined from a depreciation schedule of the original cost. (An independent company is charged with determining the value based upon the information noted as well as other sources of information.)

Appeals

The valuation of your motor vehicle may be appealed in the same manner as the valuation of your other property. The burden of proof will remain with you, the taxpayer. By statute, a valuation appeal must be brought within 30 days from the date of the tax notice. When filing an appeal, you must pay the taxes first. If the value is changed, the taxes and refunds will be adjusted accordingly.

For an appeal, the Brunswick County tax office requires a copy of the Bill of sale or two appraisals by a licensed dealership or the motor vehicles (retail) value (as of January 1st). Our department uses the NADA retail value, and takes in consideration of the condition of the vehicle in helping to determine appealed values.

Address for appeals:
Brunswick County Vehicle Assessing
PO Box 269
Bolivia, NC 28422

Proration

If you register a vehicle, taxes are due even if you sell, total or junk the vehicle, before receiving a bill.

You no longer own the vehicle, but you have received a bill:
The tax can be prorated for the time you had the tag registered with the DMV, but only if you provide:

  1. Proof of sale, trade or ownership transfer (if not by a dealership or insurance company, the documentation should be notarized)
  2. And
  3. Form FS20 from the DMV for tag return
  4. within one year of the tag return, to the Tax or Revenue Department.
If you move out of the state of North Carolina:
The tax can be prorated for the time you had the tag registered with the NC-DMV, but only if you provide:
  1. A Copy of registration from the New State
  2. And
  3. Form FS20 from the DMV for tag return
  4. within one year of the tag return, to the Tax or Revenue Department.

Plate/Tag Transfer or Exchange

If you have transferred the vehicle plate (as shown on your statement) to another vehicle or exchanged the tag for another tag, your statement remains correct and payable as stated. We bill according to the first documented information on the renewal or registration, anything that is done after that original renewal or registration date will not appear on a billing statement until the next time it is renewed.

Taxing District

The taxing district is determined by the vehicle location provided on your renewal or registration at the date that the registration or renewal is issued. If you are billed for a city to which you do not live in, please contact that cities collector or town clerk for a release to be sent to the County.

Military Personnel

Vehicles owned by military personnel are subject to tax at their home of record. The Brunswick County Tax Administration requires a copy of your LES (leaves and Earning Statement) showing your home of record in another state to release a bill.

Veterans Disability

Veterans Disability Property Tax Relief is on Certain Vehicles:
“A motor vehicle owned by a disabled veteran, defined in 38 U.S.C. 101(2) that is altered with special equipment to accommodate a service-connected disability. “

Brunswick County requires documentation of the equipment purchase and installation or actual physical determination of the equipments installation.