§ 105-303. Obtaining information on real property transfers; permanent listing. - North Carolina Statutes

§105‑303.  Obtaining information on real property transfers; permanentlisting.

(a)        To facilitate theaccurate listing of real property for taxation, the board of countycommissioners may require the register of deeds to comply with the provisionsof subdivision (a)(1), below, or it may require him to comply with theprovisions of subdivision (a)(2), below:

(1)        When any conveyanceof real property (other than a deed of trust or mortgage) is recorded, theboard of county commissioners may require the register of deeds to certify tothe assessor:

a.         The name of theperson conveying the property.

b.         The name and addressof the person to whom the property is being conveyed.

c.         A description of theproperty sufficient to locate and identify it.

d.         A statement as towhether the parcel is conveyed in whole or in part.

(2)        When any conveyanceof real property (other than a deed of trust or mortgage) is submitted forrecordation, the board of county commissioners may require the register ofdeeds to refuse to record it unless it has been presented to the assessor andthe assessor has noted thereon that he has obtained the information he desiresfrom the conveyance and from the person recording it.

(b)        The board ofcommissioners of each county must install a permanent listing system. Eachcounty must obtain the approval of the Department of Revenue for its permanentlisting system. Under such a system the provisions of subdivisions (b)(1)through (b)(4) of this subsection apply.

(1)        The assessor isresponsible for listing all real property on the abstracts and tax records eachyear in the name of the owner of record as of the day as of which property isto be listed under G.S. 105‑285.

(2)        Persons whose dutyit is to list real property under the provisions of G.S. 105‑302 arerelieved of that duty, but annually, during the listing period established byG.S. 105‑307, these persons must furnish the assessor with theinformation concerning improvements on and separate rights in real propertyrequired by G.S. 105‑309(c)(3) through (c)(5).

(3)        The penaltiesimposed by G.S. 105‑308 and 105‑312 do not apply to failure to listreal property for taxation, but they apply to failure to comply with theprovisions of subdivision (b)(2) of this subsection with respect to reportingthe construction or acquisition of improvements on and separate rights in realproperty. In such a case, the penalty prescribed by G.S. 105‑312 shall becomputed on the basis of the tax imposed on the improvements and separaterights.

(4)        The Department ofRevenue may authorize the board of county commissioners to make additionalmodifications of the listing requirements of this Subchapter, as long as themodifications do not conflict with subdivisions (b)(1) through (b)(3) of thissubsection. (1939, c. 310, s. 701; 1971, c. 806, s. 1; 1973, c.476, s. 193; c. 789; 1987, c. 43, s. 4; c. 45, s. 1; 1999‑297, s. 3.)