Business Personal Property
"A business is a commercial activity operated as a means of livelihood or profit, or an entity which engages in such actions."
Businesses are responsible for annually completing and submitting a business personal property listing form to the Tax Office.
The listing period is January 1 through January 31. Late listing penalties are charged for any listing that is not submitted by the January 31 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 15, 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.
Appeals for Business Personal Property have 30 days from the date on the tax bill to appeal each year.
2023 Business Listing Forms:
- Instructions for Business Listing Form (417kb)
- Business Listing Form (407kb)
- Business Listing Form Supplemental Sheets (116kb)
- Business Personal Property Appeal Form (170kb)
After completing and signing the Business Listing form you may mail, fax, or email the form to:
Lincoln County Tax Department
100 East Main Street
Lincolnton, North Carolina 28092
Fax: (704) 748 – 2220