§ 105-277.6. Agricultural, horticultural and forestland - Appraisal; computation of deferred tax. - North Carolina Statutes

§105‑277.6.  Agricultural, horticultural and forestland – Appraisal;computation of deferred tax.

(a)        In determining theamount of the deferred taxes herein provided, the assessor shall use theappraised valuation established in the county's last general revaluation exceptfor any changes made under the provisions of G.S. 105‑287.

(b)        In revaluationyears, as provided in G.S. 105‑286, all property entitled toclassification under G.S. 105‑277.3 shall be reappraised at its truevalue in money and at its present use value as of the effective date of therevaluation. The two valuations shall continue in effect and shall provide thebasis for deferred taxes until a change in one or both of the appraisals isrequired by law.  The present use‑value schedule, standards, and rulesshall be used by the tax assessor to appraise property receiving the benefit ofthis classification until the next general revaluation of real property in thecounty as required by G.S. 105‑286.

(c)        Repealed by SessionLaws 1987, c. 295, s. 2. (1973, c. 709, s. 1; 1975, c. 746, ss. 9, 10; 1987, c.45, s. 1, c. 295, s. 2.)