Transcript County Reporting to the NCDOR

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
 States
 100%
by GS 105-282.1(d)
the Assessor is required to submit.
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
appealed.
once approved, stays in effect until
County
Alamance
Alleghany
Ashe
Bladen
Burke
Caldwell
Caswell
Cleveland
Year
2012
2004
2004
2004
2001
2009
1997
2003
June
July
0.50%
2.00%
2.00%
1.00%
2.00%
2.00%
2.00%
0.75%
August
0.50%
2.00%
2.00%
1.00%
1.00%
1.00%
1.00%
0.75%
County
Columbus
Davidson
Duplin
Franklin
Granville
Greene
Guilford
Halifax
Year
1989
1993
1979
1997
2004
1973
2014
1982
June
0.50%
July
2.00%
1.50%
2.00%
1.00%
1.50%
2.00%
0.50%
2.00%
August
2.00%
1.00%
2.00%
1.00%
1.50%
1.00%
0.50%
2.00%
County
Hoke
Jones
Lincoln
Mcdowell
Mitchell
Moore
Nash
Pasquotank
Year
1980
1999
2005
2006
1990
2004
1972
2010
June
July
2.00%
1.50%
2.00%
1.00%
3.00%
2.00%
1.00%
0.50%
August
2.00%
1.50%
2.00%
1.00%
2.00%
1.00%
0.50%
County
Pitt
Polk
Randolph
Richmond
Robeson
Rockingham
Rowan
Rutherford
Year
2014
1979
2009
2008
1982
1997
1999
2005
June
July
0.50%
2.00%
2.00%
2.00%
1.00%
1.50%
0.50%
August
0.50%
1.00%
2.00%
1.00%
2.00%
1.00%
1.00%
0.50%
County
Sampson
Scotland
Stanly
Stokes
Surry
Tyrrell
Wilkes
Yadkin
Yancey
Year
1970
2005
2009
1972
1992
2010
2001
1990
1973
June
2.00%
2.00%
July
2.00%
1.00%
1.00%
2.00%
2.00%
2.00%
1.50%
2.00%
August
2.00%
1.00%
1.00%
2.00%
2.00%
1.00%
1.50%
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 Revenue
Information Unit Supervisor
Michael S. Connolly
919-814-1133
[email protected]