January 13, 2012
Since all property taxes become past due and delinquent after January 5th of each year, it is very important to have your property tax bill paid to minimize additional fees and interest that will accumulate. Hopefully, this information will help you as a taxpayer to understand the importance of having these taxes paid timely, but also understand more fully the interest and fees that are added in accordance with North Carolina General Statutes. Interest begins accumulating after January 5th for real estate and personal property at the rate of 2% the first month and 0.75% each month after until taxes are paid in full. Interest for Registered Motor Vehicles begins accumulating at the time stated on your tax bill at the rate of 5% the first month and 0.75% each month after until paid in full. The January 5th date is not applicable for Registered Motor Vehicles, but the delinquent period is always stated on the tax bill and is based upon the renewal or registration of your Registered Motor Vehicle. Additional fees for any forced collection action such as garnishment of wages or attachment of funds has been increased to $60 for such action. Additional fees applied from these actions such as your financial institution is not controlled or regulated in any way by the Franklin County Tax Office. Also, upon property taxes becoming delinquent, interest or any fees that are applied cannot be removed or compromised for any reason. To avoid these additional fees and interest, please pay your Franklin County Tax bill timely. Also, please understand that it is the responsibility of our staff to collect property taxes, and that any additional fees or interest for delinquent property taxes are the result of these taxes not being paid on time.
Dan Williams, Tax Administrator