Personal property owners are responsible for annually completing and submitting a personal property listing form to the Tax Office. Individual Personal Property includes, but is not limited to unlicensed motor vehicles, jet skis, campers, camper trailers, aircraft, manufactured homes, boat motors and gliders.

Personal-use property is not purchased with the primary intent of making a profit, nor do you use it for business or rental purposes.

Property Tax Exemption North Carolina does not levy property tax on real and personal property that is used exclusively for air cleaning, waste disposal or to abate, reduce or prevent air and/or water pollution.

Personal property includes: Machinery and equipment. Furniture. Stocks and Bonds: If personal property is sold by a bona fide resident of a relevant possession such as Puerto Rico, the gain (or loss) from the sale is treated as sourced with that possession.

Real property consists of land and buildings. Personal property consists of, for this guide, tangible personal property or all personal property that is not intangible and is not permanently affixed to real property.

Where to Report Personal Property on Your Taxes. Claim the itemized deduction on Schedule A – State and local personal property taxes (Line 5c). Taxes you deduct elsewhere on your return — like for a home office or rental — don't qualify for this deduction.

The property tax in North Carolina is a locally assessed tax, collected by the counties. The N.C. Department of Revenue does not send property tax bills or collect property taxes. For almost all the segments of the property tax, January 1 is the tax lien date.

To order forms, call 1-877-252-3052.

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Get more information about what is considered personal property, how to list and tax bill information for personal property. Personal property ownership and place of taxation shall be determined as of January 1.If you do not receive a form and have property that requires listing, it is your responsibility to obtain and complete a Personal Property Listing form. New businesses can request a form be sent to them or fill out the North Carolina Department of Revenue Business Personal Property listing form. Personal property owners are responsible for annually completing and submitting a personal property listing form to the Tax Office. Business personal property must be listed with the Tax Assessor during the month of January. All persons must annually list property that is subject to taxation within the time period of January 2 through January 31.

Bill Personal Property Form With Tax In North Carolina

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