For purposes of taxation, land and improvements subject to a conservation or preservation agreement shall be assessed on the basis of the true value of the land and improvement less any reduction in value caused by the agreement.
N.C. Gen. Stat. § 121-40
Assessment of land or improvements subject to agreement
Known as the Conservation and Historic Preservation Agreements Act
The act spans §§ 121–121 (10 sections).
1979, c. 747, s. 7.
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.