Transfer Of TitleTaxesMEDIUM
A transaction coordinator in Durham is preparing an exam-prep note on property tax listing, January 1 rules, and tax-bill calculations. Which statement best applies under current North Carolina law?
Correct Answer
B) The regular listing period for taxable personal property is generally in January, though county commissioners may allow extensions as provided by law.
The regular listing period for taxable personal property is generally in January, though county commissioners may allow extensions as provided by law.
Answer Options
A
No extension can ever be granted for personal property listing under current North Carolina rulesB
The regular listing period for taxable personal property is generally in January, though county commissioners may allow extensions as provided by law.C
Real and personal property are both always listed manually every year in identical ways.D
The regular listing period is always July because that is when the fiscal year starts.Why This Is the Correct Answer
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Related Topics & Key Terms
Key Terms:
difficulty_3january_1listing_periodnc_property_tax_conveyance_taxnc_statenorth_carolinaproperty_taxproperty_tax_listing_january_1_and_bill_calculationscenario_traps_edge_cases_and_enforcement
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