Antique Airplane & Automobile Exclusion

Click here for the Antique Automobile Value Exclusion Application

Click here for the Antique Airplane Value Exclusion Application

Click here for North Carolina Department of Motor Vehicle Types

Antique Automobiles

  1. Definition. – For the purpose of this section, the term "antique automobile" means a motor vehicle that meets all of the following conditions:
    1. It is registered with the Division of Motor Vehicles and has an historic vehicle special license plate under G.S. 20-79.4.
    2. It is maintained primarily for use in exhibitions, club activities, parades, and other public interest functions.
    3. It is used only occasionally for other purposes.
    4. It is owned by an individual, or owned directly or indirectly through one or more pass-through entities, by an individual.
    5. It is used by the owner for a purpose other than the production of income and is not used in connection with a business.
  2. Classification. – Antique automobiles are designated a special class of property under Article V, Sec. 2(2) of the North Carolina Constitution and must be assessed for taxation in accordance with this section. An antique automobile must be assessed at the lower of its true value or five hundred dollars ($500.00). (NCGS 105-330.9)

Antique Airplanes

  1. For the purpose of this section, the term "antique airplane" means an airplane that meets all of the following conditions:
    1. It is registered with the Federal Aviation Administration and is a model year 1954 or older.
    2. It is maintained primarily for use in exhibitions, club activities, air shows, and other public interest functions.
    3. It is used only occasionally for other purposes.
    4. It is used by the owner for a purpose other than the production of income.
  2. Antique airplanes are designated a special class of property under Article V, Sec. 2(2) of the North Carolina Constitution and shall be assessed for taxation in accordance with this section. An antique airplane shall be assessed at the lower of its true value or five thousand dollars ($5,000). (NCGS 105-277.12)

Important Dates to Remember:

January 02nd – 31st – Regular Listing Period to apply for Antique Airplane Exclusion

January 05th – Taxes due without interest

January 06th – Taxes are delinquent, interest begins to apply

August – Tax notices are mailed

September 01st – Taxes due through January 05th without interest

Craven County Tax Department
Personal Property Division | Exclusions and Exemptions
226 Pollock Street, New Bern, NC 28560 | PO Box 1128, New Bern, NC 28563-1128
Telephone (252) 636-6604 | Email tax@cravencountync.gov