This form is a simple model for a bill of sale for personal property used in connection with a business enterprise. Adapt to fit your circumstances.
Personal Property Business Form For The Following Except In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00167
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
• All businesses are required by law to file the Business Personal Property. • Tax Return (PT-50P) to the Tax Assessor's Office by April 1st of each year. • Personal property includes machinery, equipment, furniture, fixtures, inventory, supplies, and construction in progress.
North Carolina defers a portion of the property taxes on the appraised value of a permanent residence owned and occupied by a North Carolina resident who has owned and occupied the property at least five years, is at least 65 years of age or is totally and permanently disabled, and whose income does not exceed $55,050.
To request an application for exemption, please call our office at 919-856-5400. The completed application must be filed with the Department of Tax Administration during the regular listing period, which is from January 1 through January 31 each year.
Individual Personal Property includes: Unlicensed vehicles, which are those not having an active North Carolina registration on January 1 of a year, including automobiles, trucks, trailers, permanent multi-year trailers, campers and motorcycles. Boats, Boat Motors, Jet Skis, etc. Mobile Homes.
North Carolina excludes from property taxes a portion of the appraised value of a permanent residence owned and occupied by North Carolina residents aged 65 or older or totally and permanently disabled whose 2024 income does not exceed $37,900 annually.
To request an application for exemption, please call our office at 919-856-5400. The completed application must be filed with the Department of Tax Administration during the regular listing period, which is from January 1 through January 31 each year.
Some goods are exempt from sales tax under North Carolina law. Examples include most non-prepared food items, food stamps, and medical supplies. We recommend businesses review the laws and rules put forth by the NCDOR to stay up to date on which goods are taxable and which are exempt, and under what conditions.
Personal property owners are responsible for annually completing and submitting a personal property listing form to the Tax Office. Individual Personal Property includes, but is not limited to unlicensed motor vehicles, jet skis, campers, camper trailers, aircraft, manufactured homes, boat motors and gliders.
North Carolina General Statutes allow for certain types of property to be exempt from property taxes. Exempt property may include but is not limited to the following: Property used for religious purposes. Property set aside for burial purposes.
More info
Get more information about business personal property listing, who is required to list, how to file your listing and how to request an extension. Find Business and Personal Property Listing forms and Instructions on this page.Do not use Form 8829 in the following situations. The three main elements of the property tax system in North Carolina are real property, personal property, and motor vehicles. All businesses are required to file annually a Declaration of Personal Property that lists the assets' original cost. Employment Security. OPERATION OF NATURAL RESOURCE COMMISSION. 1.1(17A,455A). Scope. 1.2(17A,455A). Rent, use or borrow) business personal property or need a business license. , stationery, post-it. What is business personal property?
