Chelsie Cornelius

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Activity overview

Latest activity by Chelsie Cornelius
  • Chelsie Cornelius created an article,

    Business Listings - Do unregistered vehicles need to be listed?

    Yes. Unregistered motor vehicles such as trailers, cars, trucks, buses, and recreational vehicles must be reported on a personal property listing form.When completing the listing, please include th...

  • Chelsie Cornelius created an article,

    Description of Business Property

    The following categories are provided to help you understand how different types of business personal property should be reported. All taxable property owned or used as of January 1 must be listed....

  • Chelsie Cornelius created an article,

    Business Property - Classification of Property

    Business Property - Classification of PropertyThe following property classification list is provided to help property owners determine whether items in Wake County are generally considered real pro...

  • Chelsie Cornelius created an article,

    Business Property

    Business personal property includes tangible items owned or used to operate a business or produce income. Common examples include computer and office equipment, supplies, materials, machinery, furn...

  • Chelsie Cornelius created an article,

    Business Property - What is business personal property tax?

    Most people are familiar with annual property taxes on land, homes, and buildings.In North Carolina, state law also requires taxes on certain personal property that is used to operate a business or...

  • Chelsie Cornelius created an article,

    Business Property - What if a business can’t file by the listing deadline?

    Businesses may request an extension to file their property listing, but requests must be submitted to Wake County Tax Administration by January 31.Extension requests may be submitted through the Co...

  • Chelsie Cornelius created an article,

    Business Property - Is this the same as business income tax or sales tax?

    No. Business personal property tax is separate from business income tax and sales tax filed with the State of North Carolina.Business personal property tax is a local tax that helps fund county ser...

  • Chelsie Cornelius created an article,

    Business Property - How is business personal property valued?

    North Carolina counties use the North Carolina Department of Revenue's Cost Index and Depreciation Schedules to value business personal property.Businesses report the historical cost of their prope...

  • Chelsie Cornelius created an article,

    Business Property - How does it work?

    Each year, between January 1 and January 31, North Carolina law requires individuals, businesses, partnerships, corporations, and associations to report any tangible property used to operate a busi...

  • Chelsie Cornelius created an article,

    Business Property - Can business property tax bills be appealed?

    Yes. Property owners may appeal the value, situs, or taxability of property within 30 days of the initial notice of value. For listed property, this is typically the tax bill date.  For discovered ...