The 2022 business personal property listing form and instructions is for any individual(s) or business(es) owning or possessing personal property. The three main elements of the property tax system in North Carolina are real property, personal property, and motor vehicles.Real property consists of land. Complete the business personal property listing form. North Carolina Department of Revenue has a standard form that can make listing business personal property easier. The top portion of the listing form is for basic information about your business. All tangible property must be listed as of January 1. Lessors should include a detailed schedule of leased equipment and rental vehicles. Do you have to list those assets? Business personal property must be listed for tax purposes on an annual basis.