N.C. Gen. Stat. § 105-277.9A
(See note for repeal) Taxation of improved property inside certain roadway corridors
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
(1) Reduced Assessment. - Real property on which a building or other structure is located and that lies within a transportation corridor marked on an official map filed under Article 2E of Chapter 136 of the General Statutes is designated a special class of property under Section 2(2) of Article V of the North Carolina Constitution and is taxable at fifty percent (50%) of the appraised value of the property if the property has not been subdivided, as defined in G.S. 153A-335 or G.S. 160A-376, since it was included in the corridor.
(1) Reduced Assessment. — Real property on which a building or other structure is located and that lies within a transportation corridor marked on an official map filed under Article 2E of Chapter 136 of the General Statutes is designated a special class of property under Section 2(2) of Article V of the North Carolina Constitution and is taxable at fifty percent (50%) of the appraised value of the property if the property has not been subdivided, as defined in G.S. 153A-335 or G.S. 160A-376, since it was included in the corridor.
(2) Sunset. - This section is repealed effective for taxes imposed for taxable years beginning on or after July 1, 2021.
(2) Sunset. — This section is repealed effective for taxes imposed for taxable years beginning on or after July 1, 2021.
History
(2011-30, s. 2.)
Delayed Repeal of Section. - This section is repealed effective for taxes imposed for taxable years beginning on or after July 1, 2021, pursuant to the sunset provision in G.S. 105-277.9 A(b).
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.