- Tax Assessor
- Property Tax Relief
- Present Use Value Program
Present Use Value Program
The North Carolina General Assembly enacted the Present-Use Value Program, which allows reduced tax assessments for individually owned property used for agriculture, horticulture or forestry. Property accepted into this program is taxed at its “present use value” as a farm. This value is usually less than the market value of the property. The difference between the market value and the present use value is “deferred.” When the property or a portion of the property is removed from the program for any reason, the deferred taxes for the current year and the previous three years plus interest becomes due. Applications for this program are taken during the listing period in January of each year.
Basic Eligibility Requirements
Agricultural use is land that is a part of a farm unit actively engaged in the commercial production or growing of crops, plants, or animals under a sound management program.
Forestland use is land that is part of a forest unit that is actively engaged in the commercial growing of trees under a sound management program.
Horticultural land means land that is a part of a horticultural unit that is actively engaged in the commercial production or growing of fruits or vegetables or nursery or floral products under a sound management program.
Program Restrictions & Eligibility Loss
If property loses its eligibility for any reason, deferred taxes become due for the current year plus three previous years, plus interest for all prior years.
Wildlife Conservation Deferment
Land qualifies as wildlife conservation land if it meets certain size, ownership, and use requirements.