The town of Chapel Hill annexes territory in Durham County effective October 15, 2004. What property taxes are owed by the owners in the annexed area and when?
The rules governing taxation of annexed property are set forth in G.S. 160A-58.10. Taxes are due on the number of full months remaining in the current fiscal year as of the date of annexation. If the annexation occurs after June 30 and before September 2, taxes are due and payable September 1 of the fiscal year for which the taxes are levied. If the annexation occurs after September 1, taxes are due and payable the next year. The above annexation occurred in the 2004-05 fiscal year. When the annexation took place, 8 full months remained in the fiscal year (November – June). Thus, owners of property in the annexed area owe 8 months of 2004 city property taxes. When are those taxes due? Because the annexation occurred after September 1 of the current fiscal year, city property taxes on the annexed property will not become due until September 1, 2005. On that date, 8 months of 2004 city taxes and a full year of 2005 city and county taxes will be due.
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