North Carolina General Statute 105-308 requires every person who owns any taxable property to list the property with the Assessor during the annual listing period. NCGS 105-307 provides that listing shall begin on the first business day in January and shall end on January 31, 2022. Any property which is not listed or is listed after the required period shall be subject to the mandatory listing penalty equal to 10% of the tax due. The willful failure to list is a Class 2 misdemeanor.
Individual extensions may be granted upon written request and for good cause shown, provided the request is submitted during the regular listing period. The listing extension shall not exceed April 15, 2022. Requests submitted after the close of the listing period cannot be granted.
OWNERSHIP OF REAL AND PERSONAL PROPERTY SHALL BE DETERMINED AS OF JANUARY 1, 2022.
Property to be listed includes:
• Business personal property, watercraft, boat motors, air-craft, mobile homes, unlicensed (untagged) vehicles, multi-year tagged trailers and IRP plated vehicles. Currently tagged motor vehicles do not need to be listed for property taxes.
• Any buildings, additions, improvements, and/or deletions that occurred during the prior year.
• All farm equipment used for producing agricultural products for income. If you are receiving Present-Use Value Assessment and farm your own land, you must list your farm equipment.
GENERAL EXEMPTIONS AND EXCLUSIONS
Any taxpayer claiming exemption must apply annually for any new acquisitions, or notify the County of any changes in use or ownership. With the exception of properties which qualified for exclusion per NCGS 105-277.02 (Builders’ Inventory Exclusion),existing exempt property will not need reapplication.New applications or revised applications must be filed during the regular listing period.
PROPERTY TAX RELIEF
Elderly or Disabled Property Tax Homestead ExclusionProperty Tax Homestead Circuit Breaker
Permanent North Carolina residents 65 years old or older or those totally & permanently disabled as of January 1, 2022, with a 2021 income between $0 and $31,900 may be eligible for property tax relief through the Elderly or Disabled Property Tax Homestead Exclusion or through the Property Tax Homestead Circuit Breaker (which must be applied for annually) if the 2021 income did not exceed $47,850. For married applicants residing with their spouses, the income of both spouses must be included, whether or not the property is in both names.
The application deadline for the Elderly or Disabled Property Tax Homestead Exclusion and the Property Tax Homestead Circuit Breaker is June 1, 2022.
Disabled Veteran Property Tax Homestead Exclusion
Certain discharged veterans with a service connected, permanent, and total disability (or surviving un-remarried spouse) or veterans receiving benefits for specially adapted housing under 38 U.S.C. § 2101 are entitled to an exclusion of up to $45,000 in assessed value.
The application deadline for the Disabled Veteran Property Tax Homestead Exclusion is June 1, 2022.
PRESENT-USE VALUE ASSESSMENT
Applications for Present-Use Value Assessment must be filed during the month of January, or within thirty (30) days of a change in value notice. New applications are required when changes occur to property, to the use of the property or when new property is added to the program. The property owner must report any changes that may affect eligibility of the property during the January listing period following the change. The failure to report those changes may result in penalties in addition to the deferred taxes becoming due and payable. By law, certain applications are reviewed each year for compliance.
MONDAY, JANUARY 3, 2022 –MONDAY, JANUARY 31, 2022THIS OFFICE WILL BE CLOSED ON MONDAY, JANUARY 17, 2022, FORMARTIN LUTHER KING, JR DAY
OFFICE HOURS: MONDAY—FRIDAY (8:00AM – 5:00 PM) LOCATION: 135 EASTWATER STREET, STATESVILLE, NC
Exemptions and Exclusions: 704-878-3013Present-Use Value Assessment: 704-878-3123Business Personal Property: 704-928-2029Personal Property: 704-878-3010Real Property: 704-878-5368Mapping/GIS: 704-878-3137