North Carolina

Assessments
Assessment Date: Jan. 1 of the current year
Personal Property Assessment Ratio: 100%
Real Estate Assessment Ratio: 100

Renditions
Personal Property Return Deadline: Jan. 31
Exemptions: Inventory, Leasehold Improvements (some counties), Leased Equipment, Vehicles
Real Estate Return Deadline: Jan. 31 required for some counties, various for others
Requirements: New Construction & Remodel to Receive Notices

Appeals
Reappraisal Cycle: Usually 4-8 years, some counties 2-3 years
Appeal Period: Jan.1 through April 1
Appeal Deadline: April 1

Audits
The state usually hires outside consulting firms to handle audits, except Mecklenburg and Wake.

Tax Bills
Personal Property Due Date: Jan. 5 of the following year
Number of Payments: One
Real Estate Due Date: Jan. 5 of the following year
Number of Payments: Various for all jurisdictions
Period Covered: July 1 of the current year through June 30 of the following year

 
North Carolina 2016-12-31T00:00:00.0000000 /insights/tools/assessment/north-carolina publication {B062D54C-1425-4A04-8F9F-95EA14068E6D} {2746A2DD-363F-4E48-8914-B4F0BDEA669C} {EED92FF0-A8DB-47AB-AB7B-47F329F63E29}

Related Services

Duff & Phelps Valuation Advisory Services

Valuation Advisory

Valuation and consulting for financial reporting, federal, state and local tax, investment and risk management purposes.

Valuation Advisory
Duff & Phelps Valuation Advisory Services

Valuation Advisory

Tax Services

Property tax, site selection, transfer pricing, sales and use tax and unclaimed property advisory.

Tax Services
Duff & Phelps Valuation Advisory Services

Valuation Advisory

Property Tax Services

Property tax management and minimization services and strategies.

Property Tax Services

Insights