Listing Personal Property in Buncombe County A Comprehensive Tax Guide

YouTube video

Introduction

Are you a resident of Buncombe County, North Carolina? If so, it’s important to understand your tax obligations when it comes to listing your personal property. In this in-depth guide, we will walk you through the process of listing all taxable personal property that you own as of January 1st each year, as required by North Carolina law. We will cover various types of taxable property, including manufactured homes, boats, vehicles, and real estate additions. Failure to properly list your property can result in penalties, so it is crucial to follow the guidelines provided in this article.

What is Taxable Personal Property?

Taxable personal property in Buncombe County includes various items that you may own as a resident. Here is a comprehensive list of the different types of taxable personal property:

  1. Manufactured Homes: If you own a manufactured home located on another person’s land, or if you have made improvements to the home such as decks, porches, utility buildings, carports, or additions, it is considered taxable personal property.

  2. Manufactured Home Park Owners: If you own a manufactured home park, you are required to file a report by January 15th each year with the owner of the manufactured home as of January 1st.

  3. Boats, Boat Motors, and Jet Skis: Any boats, boat motors, or jet skis that are kept in Buncombe County are considered taxable personal property.

  4. Non-business Aircrafts: Aircrafts used for non-business purposes are also subject to taxation.

  5. Untagged Motor Vehicles: If you own untagged motor vehicles, such as motorcycles, camping trailers, or utility trailers, they should be listed as taxable personal property.

  6. Real Estate Additions: Any additions to real estate, including new constructions, decks, porches, garages, utility buildings, additions, and manufactured homes since January 1st, should be reported by the owner to the real estate department.

The Listing Process

Now that you are familiar with the different types of taxable personal property, let’s dive into the step-by-step process of listing your property:

  1. Regular Listing Period: The regular listing period for tax purposes in Buncombe County is from January 1st to January 31st. It is the responsibility of the property owner to ensure that they file a tax listing during this period.

  2. Failure to List: Failure to list your property during the regular listing period will result in a ten percent late listing penalty. Therefore, it is crucial to mark your calendar and meet the deadline to avoid any unnecessary penalties.

  3. Contacting the Buncombe County Tax Department: If you have any questions or need more information about your property improvements or the listing process, you can contact the Buncombe County tax department at 828-250-4940. Their office hours are Monday to Friday, 8 am to 5 pm. Alternatively, you can visit their website at buncombecounty.org/tax for assistance.

  4. Visiting the Tax Department: The Buncombe County tax department is located at 94 Cox Avenue in downtown Asheville. If you prefer face-to-face interactions, you can personally visit their office during their office hours to get your queries resolved.

Conclusion

Listing your personal property in Buncombe County is an essential part of fulfilling your tax obligations as a resident. By following the guidelines provided in this comprehensive tax guide, you can ensure that you comply with North Carolina law. Remember to list all taxable personal property, such as manufactured homes, boats, and real estate additions, during the regular listing period from January 1st to January 31st. In case of any doubts or questions, do not hesitate to reach out to the Buncombe County tax department for assistance. Stay informed and avoid penalties by taking the necessary steps to list your personal property accurately and on time.

Please note that the information provided in this article is for informational purposes only and should not be considered as legal or financial advice. It is recommended to consult with a tax professional for specific guidance pertaining to your individual circumstances.

Leave a Comment