Tag: tax deferral
Special Property Tax Rules for Affordable Housing
May 19, 2015
North Carolina law offers a variety of exemptions, exclusions, and appraisal benefits for property used to provide housing for low- or moderate-income residents. Here is a quick summary of those special rules with links to the full statutes and to more-detailed blog posts on related issues. Exemptio … Continued
Property Tax Exemptions and Community Economic Development
November 10, 2014
North Carolina property tax law, nicknamed the Machinery Act, contains over 60 full or partial exemptions for property as diverse as free drug samples, uranium 233, and Loyal Order of the Moose clubhouses. A number of these exemptions are aimed at property that might be part of a local government’s … Continued