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REAL PROPERTY

PERSONAL PROPERTY

REGISTERED MOTOR VEHICLES
 

 

 Member of International Association of Assessing Officers (IAAO)

Carteret County Receives Certificate of Excellence in Assessement Administration

REAL PROPERTY
The value of all real property is determined as of January 1st of the year of the most recent countywide reappraisal. The county’s last reappraisal was effective January 1st, 2011.

Any inflation, deflation or other economic changes occurring after this date do not affect the assessed value of the property and cannot be lawfully considered when reviewing the value. The January 1st, 2011 values remain in effect until the next countywide revaluation which is currently scheduled to become effective January 1st, 2015.


Tax Bills
Tax bills for real and personal property are mailed to all Carteret County property owners in July or August of each year. If you do not receive your tax statement, please contact the Tax Collector’s Office during regular office hours to request a statement of taxes due or click on the Pay Taxes Online link and search for your information.


Due Date
Taxes are due on September 1st each year. Payment without interest may be made through January 5th. Should January 5th fall on Saturday, Sunday or holiday, payment deadline is extended to the next business day. Mail payments are deemed as received as of the date affixed by the U.S. Postal Service.

Beginning January 6th taxes are considered delinquent and begin to accrue interest at a rate of 2% for the month of January, plus 3/4% each month thereafter. North Carolina General Statutes require local tax collectors to advertise annually all current year unpaid taxes levied on real estate in the local newspaper (between March 1st and June 30th). Advertisement of property tax liens is required by state law. There is an additional cost to the taxpayer for this advertising.

Delinquent taxes are subject to collection action as authorized by the North Carolina General Statutes. These actions may include garnishment of wages, attachment of bank accounts, Debt Setoff of delinquent tax bills from individual North Carolina tax returns and lottery winnings, levy (seizure) of personal property, and foreclosure of real estate.

Property Transfers

Real estate taxes are generally the legal obligation of the owner of record as of January 1st. However, in the case of a transfer of ownership, North Carolina Session Law now transfers the liability for unpaid taxes to the owner as of the date the taxes become past due.

This means if the taxes are unpaid as of January 6th, the owner as of that date is now liable and responsible for the payment of the taxes. Ordinarily, taxes are prorated at the time of the transfer of ownership. To determine if your taxes were prorated at the time of closing, please contact your realtor or closing attorney. The best way to make sure there are no surprises regarding unpaid taxes is to request that the taxes are paid upon the closing of the transaction. If current year taxes are not yet due, we will accept prepayments based on the previous year's rate.


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Mortgage Escrow Accounts
Real Estate bills are not sent to escrow companies.  It is the taxpayer's responsibility to notify escrow companies. If you are unsure as to whether your tax bill has been paid, please check with your mortgage company. You may also check online to determine if your taxes have been paid.


Informal Appeals

The first step in the appeals process is to request an informal review of the property prior to March 1st. The initial analysis is performed by a certified appraiser who will review your property and consider all aspects of your appeal. A review of your property could result in your value increasing, decreasing, or remaining unchanged.

An informal review may be initiated by sending your request in writing to:

Carteret County Tax Administrator's Office
Attention: Real Property Appraisals
302 Courthouse Square 
Beaufort NC 28516

In your appeal, you must idenitfy your properyt and why you disagree with the value. Also, include any documentation you may have to support your opinion. Once you are notified of the results of your appeal, you may pursue other options.

You may obtain an informal appeal form by logging on to www.carteretcountytax.com.


Formal Appeal
The next step in the appeals process is to formally appeal to the Board of Equalization and Review (BoER). This is a special board appointed by the County Commissioners and consists of seven Carteret County residents with knowledge of local real estate values. The Board of Equalization and Review normally convenes each year in April. This formal appeal process is for property owners not satisfied with the results of an informal review or who wish to appeal their value directly to the Board. Property owners may formally appeal real estate values for the current year as long as the Board has not adjourned. Please note that changes in market or economic conditions occurring after the effective date of a revaluation cannot lawfully be considered when reviewing the assessed value for adjustment.

To begin this formal appeal process, you may call our office at 252-728-8494 and request an appeal form or print one out from the link below. We must receive your completed form prior to the adjournment of the Board for it to be considered timely. A hearing will be scheduled and you will be notified of the date and time you may appear before the Board. Following a hearing with the Board, and subsequent notification of value, a property owner may still appeal to the North Carolina Property Tax Commission. A written request for a hearing must be filed with the North Carolina Property Tax Commission within thirty (30) days after the Board of Equalization and Review has mailed a notice of its decision.


Your Appeal to the Board of Equalization and Review
The Board of Equalization and Review consists of seven members from the Carteret County community, appointed by the Carteret County Commissioners. The following information will help you understand how the Board operates and what you, as the appellant, may provide to better substantiate your opinion of value.

The assessed value estimated by the Tax Office is based on the market value as of the date of the most recent revaluation (January 1st, 2011). Assessed values remain unchanged during the revaluation cycle unless there are changes made to the property such as subdivision development, combining of parcels, new construction or renovations

Market value is an estimate of the most probable price in terms of money that your property would sell for on the open market given all conditions required for a fair sale, the buyer and seller each acting prudently, knowledgeably, and in their own best interest. It also assumes that the sale is an arms-length transaction.

North Carolina General Statutes require that the Board of Equalization and Review presume that the assessed value is correct until the taxpayers proves otherwise. For the Board to make an adjustment in value you must provide evidence that the tax value is incorrect

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The Board suggests the following types of evidence:

  • An appraisal which shows the estimated value of the property as of the effective date of the last reappraisal;
  • A comparative market analysis (CMA) provided by a real estate broker.  Appraisals and CMAs are very helpful but must be reviewed to assure that the appraiser or broker has selected valid comparable sales, made appropriate value adjustments and has derived a well supported opinion of value;
  • A sketch of the layout showing exterior dimensions of your house or building (if you feel the data the county has is incorrect);
  • Pictures of serious deficiencies to the property;
  • Comparable sales (preferably from the same neighborhood or area)

If you are appealing your land value because it is unbuildable due to unsuitable soils or does not have access to public sewer, then you should supply the Board with copies of a perk test that prove the property is not suitable for an on-site wastewater system installation. Contact the Environmental Health Department to obtain this information.
 
Commercial appraisals showing all three approaches to value are strongly urged. In the absence of an appraisal, income and expense reports with well-documented vacancy rates, concessions, and well-supported capitalization rates are suggested. Recent comparable sales plus any cost data would also be helpful.

Once you have appealed to the Board of Equalization and Review, your value may be adjusted either upward, downward or it may remain unchanged. After all evidence has been presented, the Board will set aside time to review all of the relevant data concerning a parcel before reaching a decision. You will receive written notification of their decision after they adjourn. The written decision will also include information that you will need if you wish to appeal further to the North Carolina Property Tax Commission in Raleigh.



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PERSONAL PROPERTY


Listing Individual Personal Property

When to list:

  • North Carolina General Statutes require all individuals owning personal property on January 1st of each year to 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 Carteret County Tax Administrator’s Office. All late filings will be charged a 10% penalty.

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 watercrafts
  • Mobile homes not listed as real property 
  • Airplanes, hot air balloons, gliders and other aircraft

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 Carteret County Tax Administrator’s Office at 252-728-8494to obtain listing forms and instructions or click on the Tax Forms link on this page.


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 15th.

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 Cartert County Tax Administrator’s Office at 252-728-8494 to obtain listing forms and instructions or go to Tax Forms link on this page.


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REGISTERED MOTOR VEHICLES

Starting with September 2013 renewals, DMV will begin sending out registration rewenwal notices that combine the vehicle property tax that is due along with the plate renewal registration fee.  The fees and taxes are listed separately but both will be due at the same time.  The total amount due on the combined notice will be payable to NCDMV.  As before, you can pay online, through the mail or in person at a license plate agency near you.

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