Randolph County reviews farm audits to ensure fair taxation on equipment

The Randolph County Board of Commissioners convened on July 7, 2025, to discuss various topics, with a significant focus on the taxation of agricultural equipment and its implications for local farmers. The meeting highlighted the importance of ensuring fair and equitable tax practices for the farming community, which plays a vital role in the county's economy.

The discussion began with an overview of how farming is classified as a business in Randolph County. Officials emphasized that farmers must report their income-producing equipment for tax purposes, similar to other businesses. This includes conducting compliance reviews to ensure that farmers accurately list their equipment on depreciation schedules for income tax and personal property tax.

A third-party company has been contracted to assist with these compliance reviews, which involve identifying and verifying equipment on farms. The county's staff oversees this process, ensuring that no business is billed or refunded without proper verification. The goal is to maintain accurate records and provide support to farmers in managing their tax obligations.

The conversation also touched on the differences in tax assessments between Randolph County and neighboring Moore County. It was noted that farmers in Randolph County may face higher taxes on their equipment compared to those in Moore County, potentially placing them at a competitive disadvantage. The commissioners expressed a commitment to researching these discrepancies further to ensure that local farmers are treated fairly and equitably.

Overall, the meeting underscored the county's dedication to supporting its agricultural community while navigating the complexities of tax regulations. The commissioners plan to continue reviewing these practices to foster a level playing field for farmers in Randolph County.