Am I Required to Pay Property Taxes On My Vehicle if I Surrender it in Bankruptcy?
The answer is yes. Property tax evaluations on vehicles are done the year prior to issuing the bill. Meaning, you’re paying the taxes from the previous year when you had the vehicle. Just because you are now surrendering the vehicle when filing for bankruptcy, it does not mean you were not the owner of the property for the previous year. Since you were the registered owner of the vehicle at the time the evaluation was done, you will be responsible for the bill when it comes.

Also, if you do decide to surrender your vehicle in bankruptcy, you will want to set aside the necessary funds to pay your property taxes when the bill arrives, or you could face the penalties of the county in which you reside in.
Contact Our North Carolina Bankruptcy Law Offices
Open 24/7 for free consultations.
Asheville Office: (828) 348-5252
Charlotte Office: (704) 563-1224
Greensboro Office: (336) 856-1234
High Point Office: (336) 294-5800
Salisbury Office: (704) 297-4000


Share this entry