Business Property & Listing Information
Business personal property includes computer and office equipment, supplies, materials, machinery, farm equipment, leasehold improvements, etc. To determine if your property should be classified as real property or listed as personal property, please refer to the Wake County property classification schedule.Values are determined on a cost basis using Trending Schedules developed by the North Carolina Department of Revenue. Trending schedules correspond to replacement cost new, less depreciation.The completion of a business listing form is required of all individuals, partnerships, corporations and associations who, on January 1, own, control or possess any amount of leasehold improvements or tangible personal property used or held for a business purpose. The question of exempt status does not excuse any of the foregoing from this requirement. The listing period is from January 1 through January 31 each year. Listings may be submitted by mail using a Business Listing form or filed electronically using our Online Business Listing system. Late listings are subject to penalties per North Carolina General Statute 105-312(h).If you received a listing form in the previous year, a form should automatically be mailed to you at the last address of record. You should receive this preprinted form by the end of December or first week of January. If you do not receive a form and you have property that requires listing, it is your responsibility to obtain and complete a listing form.Requests for listing extensions must be made by January 31. Listing extensions may be obtained using our Online Business Listing system. To use this system you will need your Wake County account number and password, shown at the top left of your listing form. Extension requests may also be submitted by mail. Mailed requests must be on company letterhead and reference the account number for which the extension is being requested.New businesses listing for the first time must establish a Wake County account using the online system before an extension request can be submitted.The filing deadline for accounts that have been granted an extension (regardless of whether the extension was requested by mail or online) is as follows:
- Listings submitted by mail must be postmarked by the U.S. Postal Service or overnight courier by April 15. If no date is shown on the postmark, or if the postmark is not affixed by the U.S. Postal Service or overnight courier, the listing shall be deemed to be filed when received by the Wake County Revenue Department.
- Listings submitted after April 15 will only be deemed timely if filed electronically using our Online Business Listing system. Electronic listings must be received by May 15.
Failure to list by the dates above will result in a late list penalty being assessed.