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Property Tax Breaks for Farms in NC: A Development Tool in Need of Reform?

May 8, 2012

$200 million. That’s the estimated property tax revenue North Carolina’s 100 counties defer each year under the state’s present-use value (“PUV”) property tax exclusion program for farms and other favored properties. And by “defer,” I really mean “lose,” because most of those deferred PUV taxes will … Continued