The month of January is the annual required listing period. Anyone who does not list their taxable personal property (see "What is Taxable Property" section) by January 31st will be charged a 10% late list fee. January 1 is the established date for determining property ownership. All taxable property is valued as of January 1 of the current year. Everyone pays property taxes for the whole year based on what they own on January 1. With the exception of registered motor vehicles and trailers which are prorated when sold, taxes are not prorated or exempt because you relocate within North Carolina or dispose of the property anytime after January 1. The full amount of taxes is due for the entire year based on ownership and property value as of January 1 of the current year. But, you only list in one county each year. If you move to another county in North Carolina after January 1, you will not file a "Property Tax Listing" form in that county until the following year.