State Tax Laws > Property Taxes > North Carolina (Summary)

Tax Type: Current Use and Severance Tax

Description: Certain forestland and open-space land is designated as a special class of property under the authority of the North Carolina Constitution and, as such, is excluded from taxation or is otherwise specially treated.

Law: Sec. 1-5-277 G.S

Objective: The purpose of this classification is to encourage proper forest management practices and to develop and maintain North Carolina's forest resources.

Forest Tax Program Requirements

Min/Max Acreage: 20 acres

Min. Stocking Growth: N/A

Forest Management Plan: N/A

Duration of Enrollment: N/A

Penalties for Use Change: The difference between the tax based on a present-use valuation and the amount that would otherwise be due, together with any accrued interest, penalties or costs, is carried as a lien on the property as deferred tax.

Program Administration

State: N/A

County Tax Assessor and Commissioner: An application must be filed with the assessor of the county in which the property is located.

University: N/A

Landowner: N/A

For a more in depth discussion of North Carolina property taxes click here!