The coastland times. [volume] (Mnateo [i.e. Manteo], N.C.) 1947-1959, 1952-01-04
lions are usually tax exempt:

used for association or charitable
purposes.
Churches-if used for religious
purposes or if used in minister's
residence.
Colleges, educational institu-
tions, industrial schools, and sem
inaries-if devoted to educational
purposes.
Nunneries-if not conducted for
profit.
Orphanages and similar homes
If not conducted for profit.
Private Libraries-if they be-
long to ministers or public school
teachers.
Public libraries-if devoted to
educational purposes.
Vehicles-if given by United
States government to a vetrean on
account of a disability suffered in
World War II and if still owned by
such veteran.
Veterans organizations-if used
for post or charitable purposes.
YMCA and similar religious as
sociations-if not conducted for
profit.
(b) Personal property owned by
the State of North Carolina and by
the United States is exempt. Per-
sonal property owned by counties,
cities, and towns is exempt if it
is used exclusively for county, city,
or town purposes. Personal prop
erty owned by school districts and
school administrative units is ex-
empt if it is used exclusively for
public school purposes.
(c) If a hospital is organized
and operated as a non-stock, nom
profit, charitable institution, and if
its revenues and receipts are used,
invested, or held for the purposes
for which the hospital was organ
lied, it's personal property is ex-
empt.
(d) Personal property held at
any seaport and destined for and
awaiting foreign shipment is ex-
empt.
(e) Fertilizer islnot exempt, but
if the owner of fertilizer holds it
on January l for his own use in
agriculture during the current
year, and if he has borrowed mon
ey to buy the fertilizer, he is en-
titled to have the valuation of that
fertilizer reduced by the amount
he still owes on the loan.
(f) Farm crops must be consid-
,ered carefully. If they are still
growing, they are exempt. If the
crops are ~ still owned by the
original producer and ~ if they
were grown more than a year be-
fore January 1, they are not ex-
empt, but in such case if they
are stored with some government
agency or cooperative, the owner
is entitled to have their valuation
reduced by the amount he still
owes on any loan he may have re-
ceived from the government or CO.
operative if he has pledged the
farm products concerned as col
lateral for the loan. If the crops
| are not owned by the original pro-
Queer on January l they are not
exempt, but if the owner has stor-
ed them with some government
agency or cooperative the owner
is entitled to the reduction allow
ed the original producer in the
same situation. If the taxpayer
owns cotton which is stored in
North Carolina on January 1 and
if he has borrowed money and
pledged the cotton as collateral,
the owner is entitled to have the
value Of the cotton reduced by the
amount he still owes on that loan.
10. What connection is there be-
tween the property tax and the
poll tax?
In North Carolina the county i'm
poses a tax of $500 a year on
every resident male .invidiual be-
tween the ages of 81 and 80. Cit
les and towns may also impose an
annual poll tax of $1.O0 on the
same persons. The poll tax is i'm
posed on no one else. 1t is not a
tax on property. 1t is a "head" tax
or tax on the individual himself.
A person does not have to pay his
poll tax in order to vote. The
money receiveH from this tax is
credited to the county school funds
and poor funds.
The only connections between
the poll tax and the property tax
are administrative: (a) When a
male individual lists his property
for taxes he also tells his age Sc
that his liability for the poll tax
can be determined. (b) When. the
property tax bill is made out the
total amount due includes the
amount of the poll tax as well as
the amount due on property.
coLiNGTCN PERSONALS
Miss Ida Mae Simpson of Nor.