Frequently Asked Questions
Situs
of Personal Property
Q: Where is the proper place for listing
tangible personal property?
A: The general rule pursuant to GS 105-304(c)
is that tangible personal property is taxable at
the residence of the owner. There are exceptions
to this rule for property of taxpayers who have
no fixed residence in the state and for property
situated or commonly used at a premises other than
the owner's residence.
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