Notice: Cabarrus County Tax Listing for 2014

Posted Dec. 30, 2013 

Listing Period

The regular listing period is January 1 through January 31, 2014.
 

Who must list

Every person, firm, or corporation owning taxable personal property or that has made changes to their real estate must list during the regular listing period as required by North Carolina law.
 

Personal Property Listing

Unregistered or untagged motor vehicles or vehicles registered on a multiyear basis or those registered out of state that reside in Cabarrus County should be listed during the regular listing period, along with boats, boat motors, and other watercraft, manufactured homes not classified as real property, aircraft, income-producing farm equipment, and furnishings of income-producing rental property. All businesses in Cabarrus County must list their business personal property. All personal property is to be listed at 100% of cost and will be valued accordingly as of January 1, 2014 unless otherwise specified in the listing instructions. 
 
If you own or hold any taxable personal property and did not receive a listing form for 2014, please contact the County Assessor’s Office at (704) 920-2166 to request a listing form. You may also visit the Cabarrus County website at http://www.cabarruscounty.us/government/departments/tax/Pages to download forms.
 
Do not list tagged motor vehicles registered with the North Carolina Department of Motor Vehicles (DMV). All tagged motor vehicle property taxes will be invoiced by the DMV on the vehicle registration or renewal documents and payable at the time of registration.
 

Real Estate Listing

Cabarrus County is on a permanent real estate listing system and owners of real estate need not file an abstract in January of each year. However, if you have made improvements or new construction, or if you have demolished or removed any improvements that have not been previously listed, you are REQUIRED BY LAW to file a listing. If you currently receive the Elderly/Disabled Exemption, a Property Exemption, or the Present (Farm) Use Assessment and no longer qualify, you are REQUIRED BY LAW to file a listing.
 

Where to List

All prior year taxpayers of Cabarrus County will receive their listing forms by mail. Mail completed forms to the County Assessor’s Office. Anyone may list or pick up forms at the County Assessor’s Office in the Governmental Center at 65 Church Street, South East, Concord, NC, during the regular listing period. Office hours are 8 a.m. to 5 p.m. Monday through Friday or at our website referenced above. The office will be closed on Monday, January 20, 2014 in observance of Martin Luther King, Jr. Day.
 

Penalty for Failure to List

A penalty of ten percent (10%) of the current year tax levied on the property will be added to the tax bill for failure to list before the close of the listing period (January 31, 2014). Listings submitted by mail shall be deemed filed as of the date shown on the postmark affixed by the US Postal Service. Any other indications of the date mailed (such as your own postage meter) is not considered and is deemed filed when received in the County Assessor’s Office. Willful failure to list taxable property subjects the owner to a fine of up to $500.
 

Property Tax Relief for Elderly or Permanently Disabled Persons

North Carolina excludes from property taxes the greater of $25,000 or 50% of the appraised value of a permanent residence owned and occupied by a qualifying owner. The application period is January 1 thru June 1. A qualifying owner is one who meets the following requirements as of January 1, 2014
  1. Is at least 65 years old or are 100% totally and permanently disabled as of January 1 of the tax year;
  2. Has an income for 2013 of not more than $28,600;
  3. Is a North Carolina resident.

Homestead Circuit Breaker Deferment (NCGS 105-277.1B)

This program defers some property tax on the permanent residence by limiting current year property taxes to either 4% or 5% of income (depending on prior year income level). The application period is January 1 thru June 1. To qualify, the property owner must meet the following requirements as of January 1 of the year he/she applies:
  1. Is at least 65 years old or permanently and totally disabled.
  2. Has household income for 2013 of not more than $28,600 for 4% limit or $42,900 for 5% limit.
  3. Is a Cabarrus County resident.

The current year plus the most recent three years of deferred taxes become a lien on the residence and become due with interest upon one of the following disqualifying events: 1) the owner transfers the residence; 2) the owner dies; or 3) the owner ceases to use the property as a permanent residence. 

Income is defined as all other moneys received from every source, other than gifts or inheritances received from a spouse, lineal ancestor, or lineal descendant. For married applicants residing with their spouses, the income of both spouses must be included, whether or not the property is in both names. Income from Social Security is included. 

Disabled Veteran Exclusion (NCGS 105-275(21))

This program excludes the first $45,000 of value from property taxes on the permanent residence. The application period is January 1 thru June 1. To qualify, the property owner must meet the following requirements as of January 1st of the year he/she applies:
  1. Have a 100%permanent and total disability that is service connected or receive benefits under 38 U.S. C. 2101 (specially adapted housing).  Note: This benefit is also available to the unmarried surviving spouse of a disabled veteran.
  2. Is a Cabarrus County resident.
  3. The home for which application is made must be the applicant’s permanent residence.

Other Exemptions, Exclusions, and Deferrals

Contact our office for information on other available exemptions, exclusions or deferrals, such as: the Present Use Deferral for Agriculture, Horticultural, Timberland or Qualified Wildlife Conservation Land; the Builder’s Inventory Deferment; Property Exemptions for Religious, Educational, Charitable, or Scientific purposes; Home Owners Associations; or Antique Airplanes or Automobiles.
 
Please contact the County Assessor’s Office at 704-920-2175 to request an application or visit our website to download forms.