Personal Property Listing Form - 2017 (Page 2 of 3) in pdf

(G) RENTAL RESIDENTIAL PERSONAL PROPERTY: IF YOU PROVIDE A STOVE, REFRIGERATOR, WINDOW AIR CONDITIONER,

WASHER/DRYER, DISHWASHER, FURNITURE, ETC., YOU MUST LIST THE ITEMS ON A BUSINESS LISTING FORM AVAILABLE FROM THE

TAX OFFICE.

(H) FARM EQUIPMENT: IF YOU OWN ANY FARM EQUIPMENT USED TO PRODUCE INCOME, YOU MUST LIST IT ON A BUSINESS LISTING

FORM AVAILABLE FROM THE TAX OFFICE.

(I) PRESENT USE VALUE: REAL PROPERTY USED FOR COMMERCIAL PRODUCTION OF INCOME AS AGRICULTURAL, HORTICULTURAL

OR FORESTLAND MAY QUALIFY FOR CLASSIFICATION PROVIDED THE PROPERTY MEETS MINIMUM ACREAGE, INCOME AND USAGE

REQUIREMENTS. CALL (704) 986-3630 FOR DETAILS.

General Statute 105-277.1 Property Tax Homestead Exclusion For Elderly Or Disabled Persons

North Carolina excludes from property taxes a portion of the appraised value of a permanent residence owned and occupied by

North Carolina residents who are at least 65 years of age or are totally and permanently disabled, and whose income does not

exceed $29,500. The amount of the appraised value of the residence that may be excluded from taxation is the greater of twenty-

ﬁ ve thousand dollars ($25,000) or ﬁ fty percent (50%) of the appraised value of the residence and up to one (1) acre of land. Income

means all monies received from every source other than gifts or inheritances received from a spouse, lineal ancestor, or lineal

descendant.

If you received this exclusion last year, you do not need to apply again unless you have changed your permanent residence. If you

received the exclusion last year but the property no longer qualiﬁ es for any reason, please notify the assessor. Failure to notify the

assessor that the property no longer qualiﬁ es for the exclusion may cause the property to be subject to discovery with penalties and

interest pursuant to G.S. 105-312.

If you did not receive the exclusion last year, but are now eligible, you may obtain an application from the Stanly County Tax Ofﬁ ce.

Applications are also available online at It must be ﬁ led with the county assessor by June 1.

General Statute 105-277.1B Property Tax Homestead Circuit Breaker Deferment

North Carolina defers a portion of the property taxes on the appraised value of a permanent residence and up to one (1) acre of

land owned and occupied by a North Carolina resident who has owned the residence for ﬁ ve consecutive years and occupied the

property at least ﬁ ve years, is at least 65 years of age or is totally and permanently disabled, and whose income does not exceed

$44,250. If the owner’s income is $29,500 or less, then the portion of property taxes imposed on the residence that exceeds 4% of

the owner’s income may be deferred. If the owner’s income is more than $29,500 but less than or equal to $44,250, then the portion

of the property taxes on the residence that exceeds 5% of the owner’s income may be deferred.

The deferred taxes become a lien on the residence and the most recent three years of deferred taxes preceding a disqualifying event

become due with interest upon one of the following disqualifying events: 1) the owner transfers the residence; 2) the owner dies; or

3) the owner ceases to use the property as a permanent residence. Multiple owners of a permanent residence must all qualify for the

circuit breaker before a deferment of taxes will be allowed.

You must apply for the opportunity to defer property taxes each and every year that you wish to defer taxes. The application may be

obtained from the Stanly County Tax Ofﬁ ce or online at and must be ﬁ led with the county assessor by

June 1.

Note: An owner who qualiﬁ es for both the property tax homestead exclusion and the property tax homestead circuit breaker may elect

to take only one of these forms of property tax relief.

General Statute 105-277.1C Disabled Veterans Exclusion

This program excludes the ﬁ rst forty-ﬁ ve thousand dollars ($45,000) of the appraised value of a permanent residence and up to one

(1) acre of land owned and occupied by a North Carolina resident, who is an honorably discharged disabled veteran. This beneﬁ t is

also available to a surviving spouse (who has not remarried) of either (1) an honorably discharged disabled veteran, (2) an honorably

discharged veteran who died as a result of a service-connected condition, or (3) a service member who died from a service-

connected condition in the line of duty and not as a result of willful misconduct. The disability must be a permanent total disability that

is service-connected or the veteran must receive beneﬁ ts for specially adapted housing under 38 U.S.C. 2101.

A disabled veteran who has a permanent total disability that is service-connected must provide a Veteran’s Disability Certiﬁ cation

(Form NCDVA-9) from the VA.

A disabled veteran who has received beneﬁ ts for specially adapted housing under 38 U.S.C. 2101 must show proof from the VA of

the beneﬁ ts received under the program (Form NCDVA-9).

An unmarried surviving spouse of an honorably discharged disabled veteran must provide proof that the deceased spouse met all

the requirements at the time of death (Form NCDVA-9).

Applications are available in our ofﬁ ce or online at and must be ﬁ led with the county assessor by June 1.

REMINDER: DUE BY JANUARY 31

Mail this completed form to the Stanly County Tax Assessor, 201 S. 2nd St., Albemarle N.C. 28001 or hand deliver to the Stanly

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County Tax Ofﬁ ce located in the Courthouse, 2nd Floor, 201 S. 2nd St., Albemarle.

Listing submitted by mail shall be deemed to be ﬁ led as of the date shown on the postmark afﬁ xed by the U.S. Postal Service. If no

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date is shown on the postmark or if the postmark is not afﬁ xed by the U.S. Postal Service (for instance your own postage meter),

the listing shall be deemed to be ﬁ led when received in the tax ofﬁ ce.

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If you have any questions, please call (704) 986-3626.

Personal Property Listing Form - 2017 Page 2

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