Taxable non-business personal property includes but is not limited to – watercraft, mobile homes, aircraft and vehicles. This includes registered motor vehicles as well as unregistered motor vehicles.
Businesses are required to list all personal property (e.g., machinery, equipment, furniture, cash registers, etc.) used in connection with their business.
The deadline for listing personal property is January 31, and a 10% penalty is applied if the property is not timely listed. Businesses may request an extension, however the request for an extension must be received in the tax office by January 31.
VEHICLE TAG & TAX TOGETHER PROGRAM
In 2005, the North Carolina General Assembly passed a law to create a combined motor vehicle registration renewal and property tax collection system. The law transfers responsibility of motor vehicle tax collection to the NC Division of Motor Vehicles (NC DMV). This Tag & Tax Together program was designed as a convenient way to pay annual vehicle tag renewals and property taxes in one transaction.
Beginning with renewal notices mailed in July 2013 and due in September 2013, registration and property tax were sent in a combined notice.