Qualifications for the Present Use Value Program

*Land owner must own the property four full years as of January 1 of the year they are applying, live on the property as of January 1, or accept the liability from the previous owner at the time of the transfer.

*New applicants apply during the listing time, January 1-31 of each year.

*Forestry- must have at least one parcel of 20 acres that is actively engaged in the commercial growing of trees under a sound management program.

*Agriculture- must have at least one parcel of 10 acres that is actively engaged in the commercial production of growing crops, plants or animals under a sound management program. The land must have produced at least $1,000 per year, for the past 3 years. Proof of income must be submitted in the form of a legal document. Rent is not considered income.

Example: Row Crop, Hay, Commercial turkey/chicken/hog houses, and Cattle. No goats, donkeys, boarded/pasture horses, ducks, yard chickens, etc.

*Horticulture- must have at least one parcel of 5 acres that is actively engaged in the commercial production of growing fruits, vegetables, nursery or floral products under a sound management program. The land must have produced at least $1,000 per year, for the past 3 years. Proof of income must be submitted in the form of a legal document. Rent is not considered income.

Example: Nursery plants, Sod, Blueberries, Strawberries, Grapes

*Audit- Every 8 years you will be sent an audit letter, requesting the previous 3 years income and an updated FMP.

*Disqualification- If you are disqualified from the program, you will be billed deferred back taxes for up to the previous three years and current year at the full market value of your property.

Below is the web address for the Property tax Forms, please make sure you click on the current tax year you are applying for.
http://www.dor.state.nc.us/downloads/property.html

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