Business Tangible Personal Property

All businesses need to complete the Business Registration Form so they are registered with Mecklenburg County.

All owners of business tangible personal property are subject to Business Tangible Personal PropertyTax and are required to annually declare for taxation all property such as furniture, fixtures, computer equipment, machinery, tools, and heavy equipment that was located in Mecklenburg County on July 1st of each year.

This includes property owned by the business, property owned personally and used in the business on a full-time or part-time basis, property received as a gift, property that is leased or rented, and property that is fully depreciated or expensed for federal tax purposes. Business owners must submit business tangible personal property information along with current asset list by August 1st. Business tangible personal property taxes are billed semiannually and are due to be paid to the Mecklenburg County Treasurer by December 5th and June 5th of each year.

Depreciation Table 23-24