CARTERET COUNTY
ASSESSOR'S OFFICE
N O R T H C A R O L I N A
LISTING YOUR PROPERTY
LISTING SUPERVISOR – Suzanne W. Guthrie
TABLE OF CONTENTS
WHO
HAS TO LIST PROPERTY?
All
owners of property subject to ad valorem taxation shall
list their property annually.
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table of contents
WHAT
DO I LIST?
The taxpayer is responsible for listing two types of property if they
own these types:
Personal
Property- is property that is not permanently
affixed to real property. Such items to be listed by
residential taxpayers are non-tagged
motor vehicles, mobile homes, boats, boat motors
and aircrafts. Business personal property to be listed
by businesses including all property used in connection
with the production of income.
Real
Property- is land and also building, structures,
improvements, and permanent fixtures thereon, and all
the rights and privileges belonging or in any way appertaining
thereto. Taxable real property shall be listed in the
name of the January !st owner, and it shall be the owner’s
duty to list it. However, in Carteret County, the County
Commissioners have adopted a permanent listing system
whereby real property is listed automatically for the
taxpayers once a deed it recorded with the Register
of Deeds office. Any changes made to a building must
be reported during the listing period. The tax bill
is always generated for the January 1st owner
of the real property.
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WHEN DO I LIST?
The period during which property is to be listed for
taxation each year shall begin on the first business
day of the month of January and shall continue through
the month of January. Individual extensions of time
to list personal property shall be granted upon written
request and for good cause shown. The extension request
must be filed no later than the ending date of the regular
listing period and shall not be granted to extend beyond
April 15th. Failure to list personal property
within the regular listing period shall result in a
late penalty of ten (10%) percent.
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WHERE DO I LIST?
The property owned by the taxpayer shall be listed in the place where
the property is “more or less permanently located.”
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HOW DO I LIST?
The Carteret County Assessor’s Office, during
the 1st week in January, mails listing forms
to taxpayers that have taxable personal property in
the county. If a taxpayer does not receive a listing
form and has personal property subject to taxation,
the taxpayer should request one from this department.
After receiving the form, the taxpayer should complete
all sections and return it during the month of January.
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AUTHORITY TO REVIEW LISTING
After a listing of property has been carefully reviewed,
the assessor may require any person operating a business
enterprise in the county to submit a detailed inventory,
statement of assets and liabilities, or other similar
information pertinent to the discovery or appraisal
of property taxable in the county. (NC General Statute
105-296(h). This is done to insure that the taxpayer
has properly listed all taxable assets.
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FAILURE TO LIST
It shall be the duty of the Assessor of Carteret County
to insure that all property subject to taxation is listed.
When property is discovered that the taxpayer failed
to list, the Assessor has the authority to list for
the current year and previous years (up to 5 yrs.) for
which the property went unlisted. A penalty of (10%)
percent shall be added to the bill for every year that
the property went unlisted.
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HOW MUCH TAX WILL I PAY?
This is determined by 3 basic elements:
The value of the property
The tax rate for a particular jurisdiction
Where is the property’s physical location
Value – North Carolina General Statutes require all property, real
and personal, to be appraised or valued at its market
value; that is, the price estimated in terms of money
that the property would change hands for, between a
willing and financially able buyer and a willing seller,
either being under any compulsion to buy or to sell
and both having a reasonable knowledge of all the uses
to which the property is adapted and for which it is
capable of being used.
Tax Rate – is the amount that is set by the county commissioners
or a municipality.
Physical Location – if property is located in more than one jurisdiction,
not only is there a Carteret County tax, but also there maybe a fire tax,
municipal tax, sand tax, or rescue tax on the property
within those districts.
The Amount of tax then is determined by the following method:
Value of the property x county rate = county tax
Value of the property x municipal rate = municipal
tax
Value of the property x fire district rate = fire district tax
Value of the property x rescue district rate = rescue tax
Value of the property x sand district rate = sand tax
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HOW
WILL I BE BILLED?
It takes several months to process all the listings
that come into the tax department in January. After
this is complete and the rates are set, a tax bill is
normally mailed during the month of July. If a taxpayer
failed to get a bill and knows that they should have
received one, contact Assessor’s Office.
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WHEN
DOES MY BILL BECOME DUE?
The tax bill that is mailed does not become due until September 1st.
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IF I AM BILLED INCORRECTLY?
Contact the Assessor’s Office immediately to notify us of the error.
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HOW DO I APPEAL?
The valuation of your personal property should be appealed
within 30 days
from the date of notice on the bill. The burden of
proof will remain with the taxpayer. The valuation
of your real property will need to be appealed prior
to the adjournment of the Carteret County Board of Equalization
and Review. A request to be heard by the Evaluation
and Review Board should be mailed during January and
February. Any appeals of real property value cannot
be heard after this adjournment date.
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WHAT IF I DO NOT PAY ON TIME?
If your taxes become due on September 1, and remain
unpaid in January following this date, the collection
department may be forced to use certain remedies in
order to collect the taxes. These remedies include,
but are not limited to: garnishment of employee’s
wages, attachment of banking accounts, or even foreclosure
proceeding against real property to satisfy the taxes
that are past due.
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