Business Personal Property
In its simplest form, a business is a commercial activity operated as a means of livelihood or profit, or an entity which engages in such actions. Each business is responsible for annually completing and submitting a business personal property listing form to the Tax Office. The listing period is January 1st through January 31st. Late listing penalties are charged for any listing that is not submitted by the January 31st deadline each year.
Listing Business Personal Property
Business personal property includes but is not limited to machinery, computer/office equipment, furniture equipment, and farm equipment. The listing must be submitted during the month of January to avoid a 10% late list penalty. However, statutorily an extension can be granted until April 17, if the request is made in writing and is postmarked or submitted by January 31.* If you have any questions concerning business personal property, please contact us.
Generally, business personal property should be listed at 100% of the original cost to the original owner. The property is then valued using the North Carolina Department of Revenue Cost Index and Depreciation Schedules as a guide to calculate the replacement cost new and depreciation amounts. Other appraisal methods are used when appropriate.
*NOTE: For the current year, 2017, the deadline to submit your listing form is January 31, 2017
Due to circumstances beyond our control, TAXscribe Online Services is no longer available for business listing submission or for requesting an extension. Please see updated options below that are available to replace the services previously provided through TAXscribe.
- Complete and submit the pre-printed form that was mailed to all businesses that listed property for 2017.
- Print and complete this Business Personal Property Listing Form. Please see Business Personal Property Listing Instructions also.
- Complete, print and submit a NC Department of Revenue Fill-In Form.
- Mail: Orange County Tax Office, Attn: Business Listing, PO Box 8181, Hillsborough, NC 27278-8181
- Fax: 919-644-3091, Attn: Business Listing
- Electronic: Upload scanned business listing form to Tax Office
In person: Orange County Tax Office, 228 South Churton Street, Suite 200, Hillsborough
To receive an extension, you may submit a written request by mail, fax, or in person. The extension , which must be received in our office by January 31*. You may also submit a request for a listing extension electronically here.
Once your extension request is granted, you will have until April 17 to submit your listing form.
*NOTE: For the current year, 2017, the deadline is January 31, 2017.
The Department of Economic Development in Orange County provides a variety of services for opening a new business. In addition, depending on the type of business you are opening, you may be required to obtain a business license from Orange County.
Business Closings and Sales
Under NCGS 105-366, When purchasing a business asset, it is the responsibility of that purchaser to ensure that all back taxes on the property have been paid or that money has been held in escrow until such time that it has been paid in full.
If a business is closing after January 1st, the total amount of the taxes remain the responsibility of the business owner. Taxes are required to be paid to the Tax Office at the time the business is closed. There is no proration of the taxes allowed by statute.
How to Appeal Business Personal Property
Once you have received your tax bill, you may request an appeal. Appeal requests must be received in the Tax Office within 30 days of the billing date on your bill. Therefore, it is suggested that you verify the information on your bill as soon as you receive it. Submit a written appeal within 30 days of the billing date on your bill by mail, fax, or in person.