What is the procedure for listing business/personal property?
Business/Personal Property includes all machinery and equipment used in conjunction with the business. The completion of a business listing form is required of all individuals, partnerships, corporations and associations who, on January 1, own, control or possess any amount of leasehold improvements or tangible personal property used or held for business purposes. The Business of Record should receive a listing form during the month of December or the first week of January. If you do not receive a listing form it is the business owners responsibility to obtain the form from this office. Property would include computer and office equipment, machinery, farm equipment, supplies, leasehold improvements, etc. The values of the equipment are determined by trending schedules developed by the North Carolina Department of Revenue. An extension for listing may be requested in writing before the close of the advertised listing period. This request, if granted, cannot be extended beyond April 15 o
