NC Property Tax Exclusion Applies to Solar Energy Farms Under Construction August 23, 2018 John A. Cocklereece, Jr. North Carolina Property Tax Law Monitor Since the tax exemption for solar energy electric systems was established, there has been debate among property owners and taxing jurisdictions about whether the exemption applies to systems that are under construction, but not yet in operation as of January 1 of the relevant tax year.
Property Tax Commission Hearing Dates May 23, 2018 John A. Cocklereece, Jr. North Carolina Property Tax Law Monitor If you are unsatisfied with the value placed by the county tax office on your property, there is an appeal process by which you can challenge the county value. The first step in this process is an appeal to the local Board of Equalization and Review. If still not satisfied with the result, you can next appeal to the Property Tax Commission. The PTC sits as the statewide board of equalization and hears appeals from all county BERs.
Common Property Tax Pitfalls for Industrial Companies October 6, 2017 North Carolina Property Tax Law Monitor In our experience, industrial properties, like manufacturing facilities and warehouses, stand out as the most likely types of properties to be incorrectly assessed. In North Carolina, there are three recognized approaches to valuing property for property tax assessment purposes: the income capitalization approach, sales comparison approach and cost approach. The problem in assessing industrial properties is that assessors find it difficult to properly apply any of the three approaches to value.
New Regime at the North Carolina Property Tax Commission August 1, 2017 John A. Cocklereece, Jr. North Carolina Property Tax Law Monitor The change in the North Carolina Governor's office this year now brings a change in the make-up of the Property Tax Commission ("PTC"). The PTC is a 5-member, quasi-judicial body that hears appeals after the Board of Equalization and Review ("BER") level in the county where the property is located.
Proposed New Law Would Revolutionize North Carolina Property Tax Appeals April 12, 2017 John A. Cocklereece, Jr. North Carolina Property Tax Law Monitor 2017 is the year for the "long" session of the General Asembly in NC, meaning that this is the year that the biennial budget is passed and more legislation is proposed than in the off-year or "short" session. A bill introduced on March 23 by Senators Tarte, Tucker, and McKessick would, if passed, revolutionize the process of property tax appeals in North Carolina.
NC Property Tax Appeals Process: Part 2 - From the Board of Equalization and Review to the North Carolina Property Tax Commission January 11, 2017 North Carolina Property Tax Law Monitor When real property or business personal property in North Carolina is valued by taxing authorities in excess of fair market value, certain parties have the right to appeal the excessive value. This post provides an overview of that appeals process in North Carolina. It is easy to make a misstep in this system.
When Is It Time To Call an Attorney With Your Property Tax Appeal? December 15, 2016 John A. Cocklereece, Jr. North Carolina Property Tax Law Monitor We are property tax attorneys. Not surprisingly, we believe you should call an attorney sooner, rather than later, to help you with your property tax appeal. We have seen too many instances where smart people have made mistakes in their property tax appeals, including:.
NC Property Tax Commission Hearing Dates for the Remainder of 2016 May 20, 2016 John A. Cocklereece, Jr. North Carolina Property Tax Law Monitor New PTC hearing dates set
NC Property Tax Commission Hearing Dates Through June, 2016 October 13, 2015 John A. Cocklereece, Jr. North Carolina Property Tax Law Monitor The Property Tax Commission is the state level appeal forum for property tax appeals in North Carolina. It is serves as the court of record for such appeals, i.e., it is the last chance to create a record with witness testimony and documentary evidence. All appeals thereafter are "on the record" created at the PTC and subject to limited review, i.e., a finding of either an error of law by the PTC or insufficient evidence to support the PTC decision.
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