How is Business Personal Property assessed?

The taxpayer provides the original purchase price of each item as well as the year in which it was purchased. Using this information, Tax office staff then applies depreciation factors made available by the NC Department of Revenue to the items.

Show All Answers

1. What is a business?
2. What is Business Personal Property?
3. How is Business Personal Property assessed?
4. When is the Business Personal Property listing due?
5. May I file for an extension of time to list?
6. Can I file my business listing online?
7. How should I fill out the supplies section of the listing form?
8. I do not have any changes from last year, so do I still have to list?
9. Do I have to list used assets that were purchased?
10. What is CIP?
11. I received a Discovery Notice in the mail. What does this mean?
12. Do I have to list leased equipment?
13. My equipment is fully depreciated for income tax purposes, so do I still need to list it?
14. Do I have to list my personal items that I use in my business?
15. What do I do if my business has closed or been sold?
16. If I do not agree with my tax bill, may I appeal?