Your Q4 Prep Can Impact Your 2021 Business Personal Property Liability November 11, 2020 John A. Cocklereece, Jr. North Carolina Property Tax Law Monitor Now is the time to start prepping your business personal property listing form. When you receive your 2021 listing form in January, there’s only a short window to turn it around. For many businesses, this isn’t enough time to thoroughly review and update your business assets.
I received my "Property Tax Listing Notice." Now what do I do? January 11, 2017 John A. Cocklereece, Jr. North Carolina Property Tax Law Monitor It's January, so it is likely that you have received a "listing notice" from the tax office if you own real property or business personal property. So, you might reasonably ask: "Now what do I do?" Lisiting refers to the requirement that property owners file a report every year with the tax office showing the property owned by them as of the listing date of January 1. The type of information required and the manner in which the listing is done varies depending on whether you are dealing with real property or business personal property.
North Carolina's Property Tax Exclusion for "Inventories Owned by Manufacturers" April 12, 2016 North Carolina Property Tax Law Monitor Michelin North America, Inc. has a facility in Mecklenburg County, North Carolina, where it tests airplane tires. The tires at this facility fall into three categories: (1) "prototype tires," which are in the R&D phase; (2) "conformance production tires," which are pulled from inventory in Michelin's other factories and sent to the Mecklenburg facility for testing; and (3) "returned goods," which are used tires returned to Michelin for performance evaluation. The prototype tires and the conformance production tires are destroyed through testing at the Mecklenburg facility.
The Assessment of Solar Heating and Cooling Systems and Business Personal Property Generally January 19, 2016 North Carolina Property Tax Law Monitor In FLS Owner II, LLC, the North Carolina Court of Appeals interpreted N.C. Gen. Stat. Section 105-277(g) to apply to solar heating and cooling systems, and not only to the buildings to which they are attached.
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