Subdivision can make for knotty property tax problems. Here’s some help to untie them. Assume Billy BlueDevil owns Parcel A in Carolina County. In February of 2018, he subdivides Parcel A into four subparcels, A1, A2, A3 and A4. Billy … Read more
Subdivision can make for knotty property tax problems. Here’s some help to untie them.
Assume Billy BlueDevil owns Parcel A in Carolina County. In February of 2018, he subdivides Parcel A into four subparcels, A1, A2, A3 and A4. Billy also owns Parcel B and a boat, all of which are listed Carolina County.
In March 2018, Billy sells subparcel A4 to Tommy Tarheel. Tommy also owns a small propeller plane he flies on weekends from Carolina County’s small airport.
Subdivision can make for knotty property tax problems. Here’s some help to untie them.
Assume Billy BlueDevil owns Parcel A in Carolina County. In February of 2018, he subdivides Parcel A into four subparcels, A1, A2, A3 and A4. Billy also owns Parcel B and a boat, all of which are listed Carolina County.
In March 2018, Billy sells subparcel A4 to Tommy Tarheel. Tommy also owns a small propeller plane he flies on weekends from Carolina County’s small airport.
Opportunity Zones are the latest effort by the federal government to encourage investment in low-income census tracts. The Tax Cuts and Jobs Act, enacted at the end of 2017, grants significant tax benefits to investors who reinvest their capital gains … Read more
Opportunity Zones are the latest effort by the federal government to encourage investment in low-income census tracts.
Opportunity Zones are the latest effort by the federal government to encourage investment in low-income census tracts.
Discoveries are confusing, thanks to lots of special rules that apply only to these types of tax bills. I explain the basic process here. It’s not just the calculation of discovery bills that can get complex; so too are the … Read more
The post Challenging Discovery Bills appeared first on Coates’ Canons NC Local Government Law.
Discoveries are confusing, thanks to lots of special rules that apply only to these types of tax bills. I explain the basic process here. It’s not just the calculation of discovery bills that can get complex; so too are the methods that taxpayers may use to seek relief from those bills. In today’s post, I discuss the three (!) different ways a taxpayer may challenge a discovery bill.
Discoveries are confusing, thanks to lots of special rules that apply only to these types of tax bills. I explain the basic process here. It’s not just the calculation of discovery bills that can get complex; so too are the methods that taxpayers may use to seek relief from those bills. In today’s post, I discuss the three (!) different ways a taxpayer may challenge a discovery bill.
A 2015 North Carolina law requires that fees collected by the local “inspections department” must stay with that department. A 2018 law requires local finance officers to report to the Local Government Commission the revenues and expenditures “from building inspections.” … Read more