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Old 06-12-2019, 10:07   #1
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Angry North Carolina Personal Property Tax

Be advised that you may be charged a personal property tax if your boat is in North Carolina during the month of January. The marina where I wintered my boat last year did the required January inventory and informed the state that I was renting a slip - the state sent me a bill with a 10% penalty for not declaring. The boat was in a slip in Carolina Beach and the tax was over $300 on a boat valued at $38K. This could add up to real money on a higher end boat.


You can get the details on the tax at the New Hanover County Tax Office web page.



Ouch!!!
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Old 09-12-2019, 10:46   #2
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Re: North Carolina Personal Property Tax

I think more specifically, if your boat is there on 1 January.

I am having work done in NC and they may not be done by 1 Jan. I called the tax office and they confirmed what the poster above said.
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Old 09-12-2019, 10:58   #3
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Re: North Carolina Personal Property Tax

I suspect you were sent a bill because you've signed a seasonal or long-term slip contract. It is my understanding that you are transient unless you are in the state of NC for more than 90 days.

Is your slip contract for greater than 90 days? If so, you owe the use tax. There is no indication that this has anything to do with January 1 specifically.
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Old 10-12-2019, 08:23   #4
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Re: North Carolina Personal Property Tax

The person I spoke to in the tax assessors office said all marina's and storage facilities are required to provide a list of boats in their yard on 1 Jan. A yard manager told me his interpretation was "any boat regularly stored and used" in the county, but the folks in the tax office didn't mention that specifically.

Bills are sent out in the summer based on the NC taxable property as of 1 Jan - which she called the assessment date. She said there was a penalty if you did not declare your personal property. I was also told each county has the authority to determine how personal property tax is managed, but most counties follow a similar process.

I live in Virginia in Northumberland County, and all that seemed to be similar to my experience here (if you buy a boat on 2 Jan 2020, you don't owe the county's personal property tax that year). Since those rules sound similar I assumed I was getting the correct info.
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Old 16-12-2019, 06:31   #5
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Re: North Carolina Personal Property Tax

Almost every state taxes boats either with a one time sales tax or with an annual personal property tax. NC is no different and they are not singling you out. Also, it's more likely that the state sent representatives to the marina to see what boats are there permanently or long term than the marina sending them information.

Before you get too excited, check with the NC law.
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