Tag and Tax - Is interest charged on late payments?

Yes. In accordance with NC General Statute 105-330.4, interest applies to late vehicle property tax payments and late registration renewals:

• Interest begins on the 16th day of the month after the due date.
• It accrues at 5% for the remainder of that month.
• Starting the second month, interest accrues at 0.75% per month until all taxes and fees are paid.
• A separate late fee is also charged on registration renewals beginning on the first day of the month after the expiration date.

Related Links:

NCGS 105-330.4 - https://www.ncleg.net/EnactedLegislation/Statutes/HTML/BySection/Chapter_105/GS_105-330.4.html