1 / 5

Present Use Value David Baker, PPS Director

Present Use Value David Baker, PPS Director Property Tax Division North Carolina Department of Revenue. Present Use Value.

lexine
Download Presentation

Present Use Value David Baker, PPS Director

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Present Use ValueDavid Baker, PPS Director Property Tax DivisionNorth Carolina Department of Revenue

  2. Present Use Value • G.S. 105-296(j) The assessor must annually review at least one eighth of the parcels in the county classified for taxation at present‑use value to verify that these parcels qualify for the classification. By this method, the assessor must review the eligibility of all parcels classified for taxation at present‑use value in an eight‑year period. The period of the review process is based on the average of the preceding three years' data.

  3. Compliance Review • Application on hand? • Ownership • Size • Actual Production • Income • Sound Management • Forest management plan

  4. Forest management plan • Is there a plan for each tract? • The position of our office is that the General Statutes require a forestry management plan to be in place prior to January 1 of the year for which the taxpayer makes a request for the present-use value benefit. • In most counties this is not the case. • The 20 acres rule - requires forestry management plans for woodland greater than 20 acres that is located on agricultural or horticultural tracts.

  5. Forest management plan • We recommend that you work with your local County Forest Ranger’s Office to establish a set future deadline to have all plans completed. • We request that you send the deadline to us. • Is it a plan for the commercial growing of timber?

More Related