Listing Individual Personal Property
What to list:
- Unlicensed motor vehicles (automobiles, trucks, trailers, campers and motorcycles that do not have an active North Carolina registration on January 1st)
- Boats, boat motors, jet skis and other watercraft
- Mobile homes not listed as real property
- Airplanes, hot air balloons, gliders and other aircraft
- Dogs (You will receive a numbered tag for identification purposes)
When to list:
North Carolina General Statutes require all individuals owning personal property on January 1st of each year to annually list property that is subject to taxation. The listing period is from January 2nd through January 31st. Listings submitted by mail shall be deemed filed as of the date shown on the postmark affixed by the US Postal Service. If no date is shown on the postmark, or if the postmark is affixed by postage meter, the listing shall be deemed filed when received by the Stanly County Tax Administrator’s Office. All late filings will be charged a 10% penalty.
The listing form:
If you listed property in the previous year, a listing form will be mailed to you at the last address of record. You should receive this preprinted form, containing the previous year’s listed items by the first week of January. If you do not receive a form and have property that requires listing, it is your responsibility to obtain and complete a listing form. Instructions are included for correct preparation and timely submission of the form. Contact the Stanly County Tax Administrator’s Office at 704-986-3626 to obtain listing forms and instructions. You may also print a personal property listing form from the link on the right side of the page, or on the link below.
Listing Business Personal Property
What to list:
Business personal property includes computer and office equipment, supplies, materials, machinery, farm equipment, leasehold improvements, etc. Vehicle bodies or equipment mounted on vehicles are to be listed with the information as requested on Schedule B of the business listing form. Only the cab and chassis are being valued in the DMV bill. All vehicles and trailers that have permanent tags are to be listed, as these are not assessed through the DMV billing after that first year. All vehicles and trailers that have multi-year tags are required to be listed the second through the fourth years, as they are not required to be registered again through the DMV until the fifth year. All vehicles and trailers are required to be taxed each year either through the DMV billing or by listing on Schedule B. Values for business personal property are determined by applying trending factors developed by the North Carolina Department of Revenue to original costs reported by the taxpayer, producing a value that reflects replacement cost less depreciation.
When to list:
Listing forms must be received or postmarked by the US Postal Service by January 31st. The completion of a business listing form is required for all individuals, partnerships, corporations and associations who on January 1st own, control or possess any amount of leasehold improvements or tangible personal property used or held for a business purpose. An extension for the listing of business personal property may be requested in writing prior to the close of the regular listing period on January 31st and must show good cause for the extension. All requests received after January 31st will be denied. Once an extension has been granted, the listing form must be received or postmarked no later than April 1st.
The listing form:
If you received a listing form in the previous year, a form should automatically be mailed to you at the last address of record. You should receive this preprinted form by the first week of January. If you do not receive a form and have property that requires listing, it is your responsibility to obtain and complete a listing form. Contact the Stanly County Tax Administrator’s Office at 704-986-3628 to obtain listing forms and instructions. You may also print a business personal property listing form from the link on the right side of the page, or on the link below.
Frequently Asked Questions
Question 1: What qualifies as taxable individual personal property?
Answer: Personal property consists of boats and motors, jet skis, mobile homes (that are set up on land owned by someone other than the mobile home owner), aircraft (includes hot air balloons and gliders), and all unlicensed (untagged) automobiles, trucks, trailers, campers, and motorcycles. Business personal property includes business machinery and equipment, tractors, and other farm equipment used to produce income.
Question 2: When should I list personal property?
Answer: During the month of January each year. We begin listing personal property on January 2nd. The last day to list or postmark the listing form is January 31st. A 10% late listing penalty will be charged for listings received or postmarked after January 31st.
Question 3: If I still own the same personal property as I listed last year, do I still need to list?
Answer: Yes. Personal property must be listed each year.
Question 4: When should I let you know that I have sold my personal property?
Answer: This can be reported during the listing period on the listing form.
Question 5: My boat is registered with the North Carolina Wildlife Commission, and I keep a current tag on my boat trailer. Do I still have to list my boat?
Answer: Yes. A boat trailer with a valid unexpired tag is considered a registered vehicle and does not need to be listed. However, boats are not tagged like the trailers and need to be listed each January in accordance with North Carolina General Statutes.
Question 6: I sold my boat during the current calendar year. Will my tax bill be prorated based on the period of time that I owned the boat?
Answer: No. There is no provision in the tax law to prorate individual personal property taxes, with the exception of registered motor vehicles. You are assessed based on the status of the property as of January 1st.
Question 7: When will I receive the bill for my personal property?
Answer: You should receive your tax statement in late July/early August.
Question 8: How and when may I appeal the value of my personal property?
Answer: All appeals must be made to the Stanly County Tax Administrator’s Office, 201 South Second Street, Albemarle, NC 28001 within 30 days of the bill date.