List Your Personal Property & Changes To Your Real Estate – Jan. 1, 2019 – Jan. 31, 2019
The Vance County Board of Commissioners has adopted a Permanent Listing System for all real property, BUT NOT PERSONAL PROPERTY.
- Real property owners are no longer required to list their real property with the Tax Administrator each January, however, property owners must continue during January to report any improvements or changes to real property since the last listing period. Failure to report improvements or changes since the last listing period requires a late list penalty per N.C. General Statutes 105-308.
- All taxable personal property, except tagged motor vehicles and tagged trailers, is still required to be listed as before and is also still subject to a late list penalty.
- You must continue to list individual personal property. Listing forms will be mailed to all individuals who listed previously: (a) mobile homes, (b) untagged/unregistered motor vehicles, (c) boats, (d) boat motors, (e) airplanes, and (f) improvements or changes to the real property.
- You must continue to list business personal property (down to the last 15x20x1 air filters you have on your property). Special forms will be mailed to all known businesses. If you own a business and do not receive a form, you may obtain a form by visiting the Tax Office, 122 Young St., Suite E., Henderson, NC 27536. Business personal property listings are subject to an audit.
- Anyone not receiving a listing form that has personal property to list or changes in real property may obtain a form by calling 252-738-2040. Forms are available within the Tax Office located at 122 Young St., Suite E., Henderson, NC 27536 or at www.vancecounty.org.
- FAILURE TO LIST PERSONAL PROPERTY AND REPORT IMPROVEMENTS OR CHANGES TO THE REAL PROPERTY WILL RESULT IN A 10% PENALTY.
- PLEASE MAKE SURE THE TAX OFFICE HAS YOUR E-911 ADDRESS. Failure to receive a tax bill due to bad addresses does not eliminate the tax lien.
PROPERTY TAX RELIEF FOR ELDERLY AND PERMANENTLY DISABLED PERSONS
- ELDERLY OR DISABLED EXCLUSION (G.S. 105-277.1): This program excludes the greater of the first $25,000 or 50% of the appraisal value of the permanent residence of a qualifying owner. A qualifying owner must be either 65 years of age by January 1, 2018, or be totally and permanently disabled. The owner cannot have a gross income for the previous year that exceeds the income eligibility limit for the current year, which for the 2018 tax year is $30,200.
- DISABLED VETERAN EXCLUSION (G.S. 105-277.1C): This program excludes up to the first $45,000 of the appraised value of the permanent residence if an honorable discharge veteran who has a total and permanent disability that is service-connected or who receives benefits for specially adapted housing under 38 U.S.C. 2101. There is no age or income limitation for this program. This benefit is also available to the unmarried surviving spouse of an honorably discharged veteran.
- CIRCUIT BREAKER TAX DEFERMENT PROGRAM (G.S. 105-277.1B): Under this program taxes for each year are limited to a percentage of the qualifying owner’s income. A qualifying owner must either be at least 65 years of age or be totally and permanently disabled. For an owner whose income amount for the previous year does not exceed the income eligibility limit for the current year, which for the 2018 tax year is $30,200, the owner’s taxes will be limited to four percent (4%) of the owner’s income. For an owner whose income exceeds the income eligibility limit ($30,200) but does not exceed 150% of the income eligibility limit, which for the 2019 tax year is $45,300, the owner’s taxes will be limited to five percent (5%) of the owner’s income.
Citizens who may apply for the property tax relief programs may acquire forms by visiting the Tax Office at 122 Young St., Suite E. or by calling 252-738-2040. Applications are required to be returned to the Tax Assessor no later than June 3, 2019.
AGRICULTURAL, HORTICULTURAL, AND FOREST LAND-APPLICATION FOR TAXATION AT PRESENT USE VALUE G.S. 105.277.4
If your land was in the farm deferment program in 2018 and your acreage has changed, you must reapply during January 2019 or within 30 days of the date on the “Notice of Change of Value” to remain in the program and avoid the roll back payment of deferred taxes. If you acquired land in 2018 that was in the farm deferment program, you must make application for this land in your name within 60 days of acquisition if you wish to have this land considered for farm deferment. New farm deferment applications must be filed by January 31, 2019.
Porcha D. Brooks, Vance County Tax Administrator
