State Codes and Statutes

Statutes > North-carolina > Chapter_160A > GS_160A-58_10

Part 5.  Property Tax Liability of Newly AnnexedTerritory.

§ 160A‑58.10.  Tax of newly annexed territory.

(a)        Applicability of Section. – Real and personal property interritory annexed pursuant to this Article is subject to municipal taxes asprovided in this section.

(b)        Prorated Taxes. – Real and personal property in the newlyannexed territory on the January 1 immediately preceding the beginning of thefiscal year in which the annexation becomes effective is subject to proratedmunicipal taxes levied for that fiscal year as provided in this subsection. The amount of municipal taxes that would have been due on the property had itbeen within the municipality for the full fiscal year shall be multiplied bythe following fraction: the denominator shall be 12 and the numerator shall bethe number of full calendar months remaining in the fiscal year, following theday on which the annexation becomes effective.  The product of themultiplication is the amount of prorated taxes due.  The lien for prorated taxeslevied on a parcel of real property shall attach to the parcel taxed on thelisting date, as provided in G.S. 105‑285, immediately preceding thefiscal year in which the annexation becomes effective.  The lien for proratedtaxes levied on personal property shall attach on the same date to all realproperty of the taxpayer in the taxing unit, including the newly annexedterritory.  If the annexation becomes effective after June 30 and beforeSeptember 2, the prorated taxes shall be due and payable on the first day ofSeptember of the fiscal year for which the taxes are levied.  If the annexationbecomes effective after September 1 and before the following July 1, theprorated taxes shall be due and payable on the first day of September of thenext succeeding fiscal year.  The prorated taxes are subject to collection andforeclosure in the same manner as other taxes levied for the fiscal year inwhich the prorated taxes become due.

(c)        Taxes in Subsequent Fiscal Years. – In fiscal yearssubsequent to the fiscal year in which an annexation becomes effective, realand personal property in the newly annexed territory is subject to municipaltaxes on the same basis as is the preexisting territory of the municipality.

(d)        Transfer of Tax Records. – For purposes of levying proratedtaxes the municipality shall obtain from the county a record of property in thearea being annexed that was listed for taxation on the January 1 immediatelypreceding the fiscal year for which the prorated taxes are levied.  Inaddition, if the effective date of annexation falls between January 1 and June30, the municipality shall, for purposes of levying taxes for the fiscal yearbeginning July 1 following the date of annexation, obtain from the county arecord of property in the area being annexed that was listed for taxation as ofsaid January 1. (1977, c. 517, s.9.)

State Codes and Statutes

Statutes > North-carolina > Chapter_160A > GS_160A-58_10

Part 5.  Property Tax Liability of Newly AnnexedTerritory.

§ 160A‑58.10.  Tax of newly annexed territory.

(a)        Applicability of Section. – Real and personal property interritory annexed pursuant to this Article is subject to municipal taxes asprovided in this section.

(b)        Prorated Taxes. – Real and personal property in the newlyannexed territory on the January 1 immediately preceding the beginning of thefiscal year in which the annexation becomes effective is subject to proratedmunicipal taxes levied for that fiscal year as provided in this subsection. The amount of municipal taxes that would have been due on the property had itbeen within the municipality for the full fiscal year shall be multiplied bythe following fraction: the denominator shall be 12 and the numerator shall bethe number of full calendar months remaining in the fiscal year, following theday on which the annexation becomes effective.  The product of themultiplication is the amount of prorated taxes due.  The lien for prorated taxeslevied on a parcel of real property shall attach to the parcel taxed on thelisting date, as provided in G.S. 105‑285, immediately preceding thefiscal year in which the annexation becomes effective.  The lien for proratedtaxes levied on personal property shall attach on the same date to all realproperty of the taxpayer in the taxing unit, including the newly annexedterritory.  If the annexation becomes effective after June 30 and beforeSeptember 2, the prorated taxes shall be due and payable on the first day ofSeptember of the fiscal year for which the taxes are levied.  If the annexationbecomes effective after September 1 and before the following July 1, theprorated taxes shall be due and payable on the first day of September of thenext succeeding fiscal year.  The prorated taxes are subject to collection andforeclosure in the same manner as other taxes levied for the fiscal year inwhich the prorated taxes become due.

(c)        Taxes in Subsequent Fiscal Years. – In fiscal yearssubsequent to the fiscal year in which an annexation becomes effective, realand personal property in the newly annexed territory is subject to municipaltaxes on the same basis as is the preexisting territory of the municipality.

(d)        Transfer of Tax Records. – For purposes of levying proratedtaxes the municipality shall obtain from the county a record of property in thearea being annexed that was listed for taxation on the January 1 immediatelypreceding the fiscal year for which the prorated taxes are levied.  Inaddition, if the effective date of annexation falls between January 1 and June30, the municipality shall, for purposes of levying taxes for the fiscal yearbeginning July 1 following the date of annexation, obtain from the county arecord of property in the area being annexed that was listed for taxation as ofsaid January 1. (1977, c. 517, s.9.)


State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_160A > GS_160A-58_10

Part 5.  Property Tax Liability of Newly AnnexedTerritory.

§ 160A‑58.10.  Tax of newly annexed territory.

(a)        Applicability of Section. – Real and personal property interritory annexed pursuant to this Article is subject to municipal taxes asprovided in this section.

(b)        Prorated Taxes. – Real and personal property in the newlyannexed territory on the January 1 immediately preceding the beginning of thefiscal year in which the annexation becomes effective is subject to proratedmunicipal taxes levied for that fiscal year as provided in this subsection. The amount of municipal taxes that would have been due on the property had itbeen within the municipality for the full fiscal year shall be multiplied bythe following fraction: the denominator shall be 12 and the numerator shall bethe number of full calendar months remaining in the fiscal year, following theday on which the annexation becomes effective.  The product of themultiplication is the amount of prorated taxes due.  The lien for prorated taxeslevied on a parcel of real property shall attach to the parcel taxed on thelisting date, as provided in G.S. 105‑285, immediately preceding thefiscal year in which the annexation becomes effective.  The lien for proratedtaxes levied on personal property shall attach on the same date to all realproperty of the taxpayer in the taxing unit, including the newly annexedterritory.  If the annexation becomes effective after June 30 and beforeSeptember 2, the prorated taxes shall be due and payable on the first day ofSeptember of the fiscal year for which the taxes are levied.  If the annexationbecomes effective after September 1 and before the following July 1, theprorated taxes shall be due and payable on the first day of September of thenext succeeding fiscal year.  The prorated taxes are subject to collection andforeclosure in the same manner as other taxes levied for the fiscal year inwhich the prorated taxes become due.

(c)        Taxes in Subsequent Fiscal Years. – In fiscal yearssubsequent to the fiscal year in which an annexation becomes effective, realand personal property in the newly annexed territory is subject to municipaltaxes on the same basis as is the preexisting territory of the municipality.

(d)        Transfer of Tax Records. – For purposes of levying proratedtaxes the municipality shall obtain from the county a record of property in thearea being annexed that was listed for taxation on the January 1 immediatelypreceding the fiscal year for which the prorated taxes are levied.  Inaddition, if the effective date of annexation falls between January 1 and June30, the municipality shall, for purposes of levying taxes for the fiscal yearbeginning July 1 following the date of annexation, obtain from the county arecord of property in the area being annexed that was listed for taxation as ofsaid January 1. (1977, c. 517, s.9.)