All businesses are required by North Carolina General Statutes to list business personal property with each county that the property is located. This is also true for business personal property held in counties in other states.
Business personal property is any tangible property owned, claimed, used, possessed, managed or controlled in the conduct of a trade or business. This includes all machinery, fixtures, office furniture and equipment.
We have recently seen counties in North Carolina and other states place a heightened emphasis on enforcement with regard to the filing of business property tax listings. This has resulted in more businesses being audited and fined for not filing the required returns.