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Paying North Carolina Property Taxes Online

In North Carolina, property tax gets paid to the counties. The property gets assessed locally. You won’t see a property tax bill from the North Carolina Department of Revenue. In most counties in North Carolina, the tax lien date is January 1, so if you own the property as of that date, you’re the one liable for paying the property tax.

Still, the N.C. Department of Revenue exercises general and specific supervision over the taxation of property in the whole state. North Carolina General Statute 105-289 covers that. The N.C. Department of Revenue’s Property Tax Division holds the responsibility of supervision. Contact your local property tax office for information regarding your tax bill.

For information regarding your property tax bill (real property and motor vehicles), contact your local property tax office (county telephone numbers). Here’s a handy list of tax offices. To pay property tax online, just go to the online payment center and choose your jurisdiction.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of […]

By |April 17th, 2018|Taxes|0 Comments

Dual Functioning AFCI And GFCI Outlets Keep You Up To Code

The National Electrical Code requires GFCI outlets in new construction or remodeling of kitchens, garages, laundry rooms and bathrooms. It requires AFCI outlets for new work on kitchens, bedrooms, living rooms and laundry rooms. So, the easiest solution to stay ahead of the game on your income property is to have dual functioning AFCI and GFCI outlets installed all around the living quarters. These handy dual functioning outlets help prevent electrical shock and residential home fires.

Insurance companies are please to see these dual functioning outlets and your tenants will be too. If you’re merely flipping the property, imagine the security these outlets will provide a potential buyer. Paying attention to this detail by going above and beyond electrical code requirements is a plan for the future and an investment that is noticed. This way, even if you haven’t installed all new electrical wiring, the residence is already significantly safer.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and […]

Tax Cuts and Jobs Act Allows Business Owners A Tax Break On Roofing Projects

Consider this: The Tax Cuts and Jobs Act offers business owners a new way to recover costs on projects including roofing projects as long as it’s on a qualifying project.
What is a Qualifying Project?
A depreciable tangible personal property purchased to use to conduct business counts as a qualifying project. The new Tax Cuts and Jobs Act lets businesses avoid devaluation on capital investments with expected lifespans of 20 years or less. So, while some roofs may last longer that 20 years, Everyone knows the lifespan of an asphalt shingle roof is considered 20 years.

Plus, the maximum investment is $2.5 million!

The new tax law includes business improvements, if you can believe it. Imagine deducting the cost of a roof all in one single year! The brand new Tax Cuts and Jobs Act is expected to extend through 2025, so there’s no need to rush. Remember, we’re hard money lenders, we’re not tax experts. So, check with your CPA to make sure you do everything needed to take advantage of this opportunity!

Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure […]

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    North Carolina Disabled Veterans Homestead Property Tax Relief

North Carolina Disabled Veterans Homestead Property Tax Relief

We have worked with many veterans interested in flipping houses or purchasing rental properties. So, we like to pass along information that might benefit veterans when we come across it.

Did you know that in North Carolina, veterans with a 100 percent total and permanent disability might qualify for a nice sizes property tax benefit? As usual, veterans seeking a benefit like this must have been honorably discharged. Unlike some other programs though, there is absolutely no age or income requirement for this North Carolina program. So, even if you are making good money on your rental home, you can still take advantage of this tax relief on your homestead. Surviving, unmarried spouses of these veterans also qualify.

Qualifying veterans or their surviving spouses can see an exclusion of the first $45,000 of the assessed value on their homesteads for property tax purposes. So, if the house gets assessed at $150,000, the veteran pays taxes as though it was assessed at $105,000!
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be […]

By |April 8th, 2018|Taxes|0 Comments

2018 North Carolina Building Code

The Building Code Council adopted the 2018 North Carolina Building Code at its quarterly meeting in June, 2017.  The 2018 North Carolina Building Code (Except Electrical) will go into effect no later than July, 2018, according to the state’s website.  At that point, we’ll see a minimum six month over lap where either the 2012 NC Code or the 2018 NC Code is acceptable.

So, when is the new code fully active? According to the state’s website, on January 1, 2019, the new code becomes the requirement. Meanwhile, the 2018 Electrical Code went into effect this month.

“The Base Documents for the 2018 NC Codes are the 2015 International Codes,” reports the Office of State Fire Marshal.

You’re not required to wait until the code is fully effective to use it though. See, any code amendment can be used as an alternate set of rules before its effective once it clears Rules Review, of the user requests to use it.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 […]

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    Big Businesses Requesting Municipal Approval Indicates A Neighborhood Prime For House Flipping

Big Businesses Requesting Municipal Approval Indicates A Neighborhood Prime For House Flipping

Keep your eye on the neighborhoods in which big businesses try to get into. Is a Panera Bread or a McDonald’s requesting local permission to build? If you start to notice corporate interest in a particular neighborhood, that’s a good sign that an area is about to see a lot of growth. Want a lucrative investment property? Paying attention at city council meetings can be helpful. First of all, they might know something you don’t. Remember, they aren’t going to waste their money developing if their research departments feel the market doesn’t have potential. Also, once they are there, renters and buyers generally find the area more appealing. They bring job opportunities and convenience.

Also keep an eye on future plans for developments like parks or street upgrades. If a city has the go ahead to put in a new municipal park, think of how much more appealing the properties will be for buyers. Paying attention to these trends that indicate growth can help you maximize your profits when house flipping or purchasing rental properties.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the […]

Things To Look Out For When Shopping For Hard Money Lenders

If you’re shopping for a Hard Money lender, here are some things to look out for. You want a real hard money lender, like Paces Funding. You don’t want a broker or a scam, right? So, take our advice and avoid a bunch of hassles. If you’re purchasing property in Atlanta, Nashville, Florida or the North and South Carolina metropolitan areas, just stick with Paces Funding. But if you’re outside our service area, use these tips to avoid fake hard money lenders.

Watch out for online directories. These aren’t actually hard money lenders. They’re usually just websites that will sell your information to brokers. Be careful of lenders who use non-corporate emails like Gmail or AOL. Make sure your potential hard money lender is a real person by checking for a working number, a valid address, and a functional website. If they ask you to fill out a logo that doesn’t provide traditional corporate information on it, be careful. Likewise, if they ask you to fill out multiple applications that are very similar, something might be fishy.

If a supposed hard money lender needs excessive time to respond back to you, they probably aren’t legitimate. Real hard money lenders know that a quick turn around time from application until financing is crucial. You might be working with a scam artist or just a broker who is trying to set you up with a genuine lender, with the intent to take a cut themselves. You don’t need scam artists or middle men. Legitimate hard money lenders exists and are perfect for many investment real estate financing situations.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase […]

How And When To Obtain A Business License In Nashville

If you’re considering purchasing a property in Nashville to use for business, you’ll need a business license. If a business is located within the Nashville city limits, the owner must pay for a business license or a minimal activity license. The fee for that is $30. Now, if the business is outside the city limits, but still in the county, the owner still has to pay for a business license or a minimal activity license. Outside the city limits, the fee is just $15 though.

If your gross receipts fall between $3,000 and $9,999 during a fiscal year, you only need a minimal activity license. This license is renewed annually.

The City of Nashville makes it easy to get a business license. You can download and print the application right from their website.

You have to include the following information on the application:

Business name
Business address
Business telephone number
Owner’s name(s)
Owner’s home address
Owner’s home telephone number
Owner’s social security number
Copy of owner(s) driver’s license
Signature of each owner

Don’t forget, you still have to report your gross receipts to the Tennessee Department of Revenue each year.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact […]

Building Permit Process In Nashville

 

All properties within Metropolitan Nashville are zoned for particular uses depending on their zone district classifications. If you’re considering an investment property in Nashville, take a look at the city’s Zoning Land Use Table. It will let you know what uses are permitted in various zones around the city. The property will be considered “zoned and ready” as long as its zoning matches your planned use for it.

Once you’ve got the property in your hands, you’ll probably want to do some renovations. The building permit process in Nashville is pretty straight forward. The building permits are handled by the Nashville Department of Codes and Building Safety. The city offers an e-Permit system to save you time on applying in person. All of the plans and specifications for your building project can be submitted through the e-Plans Review application. The online services save everyone time and make the process much easier.

For better understanding, the City of Nashville uploaded a handy flow chart detailing the building permit process.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our […]

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    How To Appeal The County Assessor’s Property Value In North Carolina

How To Appeal The County Assessor’s Property Value In North Carolina

 

North Carolina’s property tax is “ad valorem,” so you’re taxed based on the property value. But what happens when you disagree with the county assessor? The assessor revalues properties within the county at least every eight years. So, if you get a wrong value placed on your property, you could be paying the wrong tax on it for the next eight years!

It’s partly your responsibility to check your assessed value, if you own property. The good news is there is recourse. If you disagree with the assessment, you can appeal it. Imagine being over taxed for your property for nearly a decade. If the assessor’s value seems wrong, you can appeal it. To appeal your property’s assessed value in North Carolina, you can go to the local board of Equalization. Often you can just make informal contact and assessors will work with you, if they’ve made an error.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value […]

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