§ 105-277.9. Taxation of property inside certain roadway corridors. - North Carolina Statutes

§105‑277.9.  Taxation of property inside certain roadway corridors.

Real property that lies withina transportation corridor marked on an official map filed under Article 2E ofChapter 136 of the General Statutes is designated a special class of property underArticle V, Sec. 2(2) of the North Carolina Constitution and is taxable attwenty percent (20%) of the general tax rate levied on real property by thetaxing unit in which the property is situated if:

(1)        As of January 1, nobuilding or other structure is located on the property; and

(2)        The property has notbeen subdivided, as defined in G.S. 153A‑335 or G.S. 160A‑376,since it was included in the corridor. (1987, c. 747, s. 22; 1998‑184,s. 2.)