NC General Statutes

N.C. Gen. Stat. § 105-360 (2026)

Due date; interest for nonpayment of taxes; discounts for prepayment; interest on overpayment of tax

✓ current as of July 2026

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(a) Taxes levied under this Subchapter by a taxing unit are due and payable on September 1 of the fiscal year for which the taxes are levied. Taxes are payable at par or face amount if paid before January 6 following the due date. Taxes paid on or after January 6 following the due date are subject to interest charges. Interest accrues on taxes paid on or after January 6 as follows:

(1) For the period January 6 to February 1, interest accrues at the rate of two percent (2%).

(2) For the period February 1 until the principal amount of the taxes, the accrued interest, and any penalties are paid, interest accrues at the rate of three-fourths of one percent (3/4%) a month or fraction thereof.

(b) Repealed by Session Laws 1987, c. 93, s. 2.

(c) Under the conditions established by this subsection (c), the governing body of any county or municipality levying taxes under the provisions of this Subchapter shall have authority to establish a schedule of discounts to be applied to taxes paid prior to the due date prescribed in subsection (a) above. To exercise this authority, the governing body shall:

(1) Not later than the first day of May preceding the due date of the taxes to which it first applies, adopt a resolution or ordinance specifying the amounts of the discounts and the periods of time during which they are to be applicable.

(2) Submit the resolution or ordinance to the Department of Revenue for approval.

(3) Upon approval by the Department of Revenue, publish the discount schedule at least once in some newspaper having general circulation in the taxing unit.

When such a resolution or ordinance is submitted to the Department of Revenue, the Department may approve it or disapprove it in whole or in part if, in the opinion of the Department, the discounts or the periods of time for which discounts are allowed are excessive or unreasonable. Such a resolution or ordinance, once adopted and approved by the Department of Revenue, shall continue in effect until repealed. Nothing in this subsection (c) shall prevent the governing body of any taxing unit from providing by resolution that the schedule of discounts for prepayment of taxes in effect in the taxing unit on June 30, 1971, shall continue in effect through November 1, 1971, but no longer.

(d) For the purposes of computing discounts and interest, tax payments submitted by mail shall be deemed to be received as of the date shown on the postmark affixed by the United States Postal Service. If no date is shown on the postmark or if the postmark is not affixed by the United States Postal Service, the tax payment shall be deemed to be received when the payment is received in the office of the tax collector. In any dispute arising under this subsection, the burden of proof shall be on the taxpayer to show that the payment was timely made.

(e) When an order of the county board of equalization and review reduces the valuation of property or removes the property from the tax lists and, based on the order, the taxpayer has paid more tax than is due on the property, the taxpayer is entitled to receive interest on the overpayment in accordance with this subdivision. An overpayment of tax bears interest at the rate set under subsection (a) of this section from the date the interest begins to accrue until a refund is paid. Interest accrues from the later of the date the tax was paid and the date the tax would have been considered delinquent under G.S. 105-360. A refund is considered paid on a date determined by the governing body of the taxing unit that is no sooner than five days after a refund check is mailed. (1939, c. 310, s. 1403; 1943, c. 667; 1945, c. 247, s. 3; c. 1041; 1947, c. 888, s. 1; 1969, c. 921, s. 1; 1971, c. 806, s. 1; 1973, c. 476, s. 193; 1977, c. 327, s. 2; c. 630; 1979, c. 233, ss. 1, 2; 1987, c. 93, ss. 1, 2; 2008-35, s. 2.7; 2011-3, s. 3(a).)

Notes of Decisions

Cited in 9 cases, 1980–2017 · leading case: RME Mgmt., LLC v. Chapel H.O.M. Assocs., 795 S.E.2d 641 (N.C. Ct. App. 2017).

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RME Mgmt., LLC v. Chapel H.O.M. Assocs., 795 S.E.2d 641 (N.C. Ct. App. 2017). · cites it 19× “The trial court's order held: Here, the course of dealing clearly shows that the parties historically did not construe the lease to require that the taxes be paid by midnight on September 1 each year; they understood the terms "pay" and "pay when due" to have been used in their…”

In Re Precision Concepts, Inc., 305 B.R. 438 (Bankr. M.D.N.C. 2004). · cites it 6× “” N.C. Gen.Stat. § 105-360. In the present case, when the Debtor failed to list its business personal property for taxation as required by N.”

Richardson v. First Fed. Sav. & Loan Ass'n (In Re Stroud Wholesale, Inc.), 37 B.R. 735 (Bankr. E.D.N.C. 1984). · cites it 2× “§ 105-360. The legal rate of interest on other statutory liens in North Carolina is eight percent (8%).”

In Re the Appeal of Morgan, 652 S.E.2d 655 (N.C. Ct. App. 2007). · cites it 4× “” N.C. Gen. Stat. § 105-360 (a) (2005). As a general rule, “[a]ll assessments of tax .”

W.R. Co. v. North Carolina Prop. Tax Comm'n, 269 S.E.2d 636 (N.C. Ct. App. 1980). “; see also G.S. 105-360(a) (2) (3). A ten percent penalty is levied on the deferred tax and interest if the property owner does not notify the county tax supervisor of the disqualifications.”

In re Foreclosure of Deed of Trust of Michael Weinman Assocs., 407 S.E.2d 288 (N.C. Ct. App. 1991). · cites it 3× “Weinman covenanted in the deed of trust to pay all taxes which would be levied against the property within thirty (30) days after they became due.”

Justus v. Deutsch, 303 S.E.2d 571 (N.C. Ct. App. 1983). “G.S. 105-360 provides that real property taxes are due in September of the fiscal year in which they were levied.”

Bradbury v. Cummings, 314 S.E.2d 568 (N.C. Ct. App. 1984). · cites it 2× “N.C. Gen. Stat. § 105-360 (1979). Consequently, at the time the plaintiff purchased or took an assignment of tax liens from the City of New Bern, the City would have been barred by G.”

In Re Appeal of Dixie Bldg., LLC, 760 S.E.2d 769 (N.C. Ct. App. 2014). · cites it 2× “*65 § 105-347 (2013) (providing that county must set property tax rate “not later than the date prescribed by applicable law or, in the absence of specific statutory provisions, not later than the first day of August” so as to provide revenues “necessary to meet the general and…”

— N.C. Gen. Stat. § 105-360(a) — 4 cases

Richardson v. First Fed. Sav. & Loan Ass'n (In Re Stroud Wholesale, Inc.), 37 B.R. 735 (Bankr. E.D.N.C. 1984). “§ 105-360. The legal rate of interest on other statutory liens in North Carolina is eight percent (8%).”

In Re the Appeal of Morgan, 652 S.E.2d 655 (N.C. Ct. App. 2007). “” N.C. Gen. Stat. § 105-360 (a) (2005). As a general rule, “[a]ll assessments of tax .”

In re Foreclosure of Deed of Trust of Michael Weinman Assocs., 407 S.E.2d 288 (N.C. Ct. App. 1991). “Weinman covenanted in the deed of trust to pay all taxes which would be levied against the property within thirty (30) days after they became due.”

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