One of the key requirements for participation in some VAD and EVAD packages is enrollment in a county’s current-use worth program. North Carolina’s present-use worth program (N.C.G.S. §§ .three by way of .7) serves as one of the most important working-land preservation instruments in North Carolina. Recent updates from the 2015 legislative session have modified some of the parameters of the program, which permits decreased county tax assessments for individually owned property used for agriculture, horticulture, or forestry. Citizen enter and long-term strategic planning are important to the general success of these efforts.
Under North Carolina legislation (N.C.G.S. § ), land and improvements topic to an easement are assessed on the premise of their true value much less any discount of their value brought on by an easement. Like the VAD program, municipalities can create and administer their own VAD or EVAD packages or work with a county via an … Read More