Can My Property Qualify For Deferred Taxes?
Present Use Valuation in NC
In North Carolina, property is taxed based on its market value. This valuation is determined by the tax assessor’s office in the county in which the property is located. However, in some cases, depending on how an owner uses their property, the property may be eligible for a Present-Use Valuation or Land Use Program which defers a portion of the taxes and lowers the owner’s property tax bill.