Pittsboro, NC – Chatham County residents should have received their 2016 personal property tax listing forms in early January, according to Chatham County Tax Administrator Kep Kepley. He added that payment of 2015 property taxes is due by January 5, 2016 or interest will start to accrue.
Any Chatham County property owner not receiving their 2016 personal property tax listing forms by Monday, January 11, 2016 should contract the Tax Department immediately at (919) 542-8250. “The form will only include personal property, not real estate property,” Kepley said.
Personal property includes property other than real estate and registered motor vehicles with tags, such as aircraft, boats, equipment, jet skis, mobile homes not taxed as real estate, and trailers. Also, it includes any business personal property, which is property used to produce income.
Kepley said that taxpayers are encouraged to review their personal property information online at http://ustaxdata.com/nc/chatham/ or visit the Tax Department to verify information on file. Listing forms must be returned to the Tax Department no later than February 1, 2016. Listings received after this date will be subject to a late listing penalty equal to ten percent of taxes owed.
For businesses, owners should contact the Tax Department at at (919) 542-8250 to request a business listing extension form, but it must be done no later than February 1, 2016. Taxscribe is no longer available to list. Business extensions may be granted through March 15, 2016.
Listing forms are only mailed to personal property owners. If a property owner has made any changes to real estate please contact the Tax Department to list the change.
Unpaid 2015 Property Taxes: Tax bills mailed in 2015 for real and personal property are due by 5 pm on January 5, 2016. Interest will accrue on all unpaid balances starting January 6, 2016.
Once tax bills become delinquent, the Tax Department can begin collection procedures for late tax bills. Collection remedies include garnishing wages (removing taxes from paychecks), attaching bank funds from bank accounts and income tax refunds, attaching rental income, levying on personal property and foreclosing on property.
Also, unpaid real estate property taxes will be advertised in the newspaper at an additional cost to the taxpayer. The tax will be advertised in the current owner’s name.
Contact Tax Collections at (919) 542-8260 if you have any questions regarding the payment of your taxes.
Property Tax Relief for the Elderly and Permanently Disabled: Under North Carolina law, the elderly and permanently disabled may apply for property tax relief if their annual income is no more than $29,500. For those who qualify, a portion of the appraised value of their permanent residences may be exempt from property tax.
The exempted portion is either $25,000 or 50% of the appraised value of the home, whichever is greater. For example, if a qualifying person owns a $60,000 house, only $30,000 of the house will be subject to taxation.
To qualify for relief, a property owner must have a total income of $29,500 or less in the preceding year (income amount includes both spouses) and must be either age 65 or older or must be totally and permanently disabled. New applications for this tax relief must be filed by June 1, 2016.
Those who received the exemption last year and still meet the requirements do not have to reapply for the exemption unless their place of residence or ownership status has changed. Property owners who no longer meet the requirements of the exemption must notify the Tax Department. Persons receiving the exemption are by North Carolina Statutes required to have a periodic compliance review conduct by the Tax Department.
If you are responsible for listing the property of someone who is deceased and who had qualified for the exemption last year, you must notify the Tax Department.
Property Tax Exemptions: Under state law, real estate and personal property used for certain religious, educational, or other purposes may qualify for a property tax exemption. Owners of property currently receiving the exemption do not have to reapply for the exemption, unless:
- The use of property has changed;
- The owner has purchased additional property; or
- Improvements have been made to or removed from the property.
The deadline to apply for this exemption is February 1, 2016.
Land Use Deferments: Under state law, land that is actively used for commercial agriculture, forestry, or horticulture production may be eligible for reduced-rate taxation. Contact the Tax Department for more information on “land use deferments”. The deadline to apply for this present use value deferment is February 1, 2016.