Michael S. Connolly, NC Department of Revenue

TR1 & TR2

AV-50 & AV-50A

AV-8 Octennial Reappraisal

Discount Rates

Other Forms (Sales Ratio, Reappraisal Cycle)

Some forms are required by State Law.

Some forms are used to determine distributions of local taxes that are collected by the NCDOR.

Some forms are used to collect data used by other state agencies.

Some forms collect data used by the General Assembly.

Annual County / Municipality Report of Values, Levies, Licenses & Other Taxes.

Due Date – February 1st Each Year.

Form Location – www.dornc.com/downloads/property.html#other

How To Submit – Email Excel spreadsheet back to our office.

Who can submit – Any fulltime employee can sign.

Page 2 (Instructions on what to do (add, subtract, total). Double check your math!

PUV Section – Is just a break down of the deferred amounts.

If your county/jurisdiction doesn’t collect a particular tax – just put a zero.

With unknowns – make educated guess without estimating (ex: breaking total real property into commercial, industrial, etc.)

Any full time employee can sign the form – typically should be the one who filled out the form.

Currently TR-1 & TR-2 requires RMV information.

Starting in 2015, we are hoping to remove this from the forms and use VTS to gather this.

By January, all counties should be done billing from old system.

So why care about any of this?

TR-1 & TR-2 may be used for allocation of the majority of taxes collected by the NCDOR that are distributed back to your county/municipality.

Over 3 Billion tax dollars disbursed to counties from various taxes collected by the NCDOR.

The Disbursements are based on a formula from Levies or Per Capita.

Levy formula is based on data from the TR-1/TR-2.

47 Counties use Levy Method / Accounts for $1,000,000

Making changes after values have been finalized makes things very difficult for us.

This requires us to take money away from one district to redistribute to another.

Form is due in February – we hope to send preliminary in May/June with 20-30 Day letter.

Tracks Exemptions & Exclusions.

Due November 1st each year.

Form Location – Not on the web – emailed to the County around October each year.

How To Submit – Email Excel spreadsheet back to our office. (Not in PDF Format)

Who can submit – Statute states “The Assessor shall submit”.

Required by GS 105-282.1(d)

States the Assessor is required to submit.

100% filled out by the county but contains Municipality Info as well.

Line Exemption Statute Granting Exemption

01.0 Governmental (Federal, State, Local) G. S. 105-278.1

02.0 Educational (Non-governmental) G. S. 105-278.4

G. S. 105-278.7(f)(1)

03.0 Educational (Religious) G. S. 105-278.5

04.0 Religious G. S. 105-278.3

05.0 Charitable--Hospital Property G. S. 105-278.8

06.0 Charitable--Homes for the Aged, Sick, and Infirm G. S. 105-278.6(a)(2)

07.0 Charitable--Low and Moderate Income Housing G. S. 105-278.6(a)(8)

08.0 Charitable--All Others G. S. 105-278.6(a)(1), (3), (4), (5), (6) and (7)

G. S. 105-278.7(f)(4)

09.0 Scientific, Literary, and Cultural G. S. 105-278.7(f)(2), G. S. 105-278.7(f)(3)

G. S. 105-278.7(f)(5)

10.0 All Other Exemptions Any Exemptions Not Listed Above

Line Exclusion Statute Granting Exclusion

11.0 Continuing Care Retirement Centers G. S. 105-278.6A

12.0 Use Value (Deferred Amount for Current Year Only) G. S. 105-277.4

12.1 Wildlife Conservation (Deferred Amt for Current Year Only) G.S. 105-277.15

12.2 Site Infrastructure Land G.S. 105-277.15

13.0 Elderly and Disabled G. S. 105-277.15A

13.1 Disabled Veteran Exclusion G.S. 105-277.1C

14.0 Pollution Abatement and Recycling G. S. 105-275(8)

14.1 Builder's Deferral (Deferred Amount for Current Year Only) G.S. 105-277.1D

15.0 American Legion, DAV, Lodges, etc. G. S. 105-275(17), (18) and (19)

16.0 Medical Care Commission Bonds G. S. 131A-21

17.0   G. S. 105-275(2), (3), (5), (5a), (6), (7), (7a), (12), (14), (20), (23), (24), (24a), (25), (29), (29a), (31e), (35), (39), (39a), (41), (42a), (43), (44), (45), G. S. 105-277.01, G.S. 105-277.10, G. S. 105-277.12, G.S. 105-277.13, G.S. 105-277.14, G. S. 105-278 & Any Exclusion Not Listed Above

Annual county report that tracks county’s reappraisal reserve.

Due Date – Due 10 days after the adoption of the annual budget ordinance.

Form Location – http://www.dornc.com/downloads/av8.pdf

How To Submit – Mail or Fax back to the NCDOR Office.

Who can submit – Finance or Budget Officer.

Required by Statute NCGS 153A-150

Main purpose is to track each county’s reappraisal.

Form allows the NCDOR to validate that the counties are creating a budget reserve for their next reappraisal.

% of Discount for paying your taxes early.

To add/change % resolution must be submitted by May preceding the due date.

Resolution once approved, stays in effect until appealed.

County Year June July AugustAlamance 2012 0.50% 0.50%Alleghany 2004 2.00% 2.00%Ashe 2004 2.00% 2.00%Bladen 2004 1.00% 1.00%Burke 2001 2.00% 1.00%Caldwell 2009 2.00% 1.00%Caswell 1997 2.00% 1.00%Cleveland 2003 0.75% 0.75%

County Year June July AugustColumbus 1989 2.00% 2.00%Davidson 1993 1.50% 1.00%Duplin 1979 2.00% 2.00%Franklin 1997 1.00% 1.00%Granville 2004 1.50% 1.50%Greene 1973 2.00% 1.00%Guilford 2014 0.50% 0.50% 0.50%Halifax 1982 2.00% 2.00%

County Year June July AugustHoke 1980 2.00% 2.00%Jones 1999 1.50% 1.50%Lincoln 2005 2.00% 2.00%Mcdowell 2006 1.00% 1.00%Mitchell 1990 3.00%Moore 2004 2.00% 2.00%Nash 1972 1.00% 1.00%Pasquotank 2010 0.50% 0.50%

County Year June July AugustPitt 2014 0.50% 0.50%Polk 1979 2.00% 1.00%Randolph 2009 2.00% 2.00%Richmond 2008 1.00%Robeson 1982 2.00% 2.00%Rockingham 1997 1.00% 1.00%Rowan 1999 1.50% 1.00%Rutherford 2005 0.50% 0.50%

County Year June July AugustSampson 1970 2.00% 2.00%Scotland 2005 1.00% 1.00%Stanly 2009 1.00% 1.00%Stokes 1972 2.00% 2.00% 2.00%Surry 1992 2.00% 2.00%Tyrrell 2010 2.00% 2.00% 1.00%Wilkes 2001 1.50% 1.50%Yadkin 1990 2.00%Yancey 1973 2.00% 2.00%

Tracks Sales Data. - Equalization of PSC.

Due by Quarters.

Form Location – MS Access Database located on the web at: http://www.dornc.com/downloads/property.html

How To Submit – Email button on the database.

Who can submit – Anyone from the County

All counties are on 8 year cycle per NCGS 105-286(a)

If your county chooses to advance your cycle, your board of county commissioners must send a copy of this resolution.

Based on this resolution, this is your new cycle,

until a new resolution is submitted.

NC Department of RevenueInformation Unit SupervisorMichael S. Connolly919-814-1133

michael.connolly@dornc.com