Property owned by a government—local, state, or federal—is exempt from property taxes in North Carolina. That’s one of the most simple, straightforward provisions in the entire Machinery Act. (You can find it in G.S. 105-278.1). So why do we need to spend an entire blog post talking about government property? Because the topic isn’t as […]
Posts Tagged ‘property taxes’
Chasing Nickels and Dimes: Small Overpayments, Small Underpayments, and Tiny Tax Bills
Friday, July 10th, 2015[UPDATE 10/16/15: S.L. 2015-266 slightly changed the rules governing overpayments. See this blog post for more details.] Does a tax office need to collect every penny of every tax bill? Usually the answer is yes, because GS 105-380 and -381 prohibit local governments from waiving a valid tax. If a tax office decides not to […]