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General Statute N.C.G.S. 105-278
providing for deferral of one-half of property taxes on historic
landmarks. |
| § 105-278. Historic properties. (a) Real property
designated as a historic structure or site by a local ordinance adopted
pursuant to G.S. 160A-399.4 or designated as a historic landmark by a
local ordinance adopted pursuant to G.S. 160A-400.5 is hereby designated a
special class of property under authority of Article V, Sec. 2(2) of the
North Carolina Constitution. Property so classified shall be taxed
uniformly as a class in each local taxing unit on the basis of fifty
percent (50%) of the true value of the property as determined pursuant to
G.S. 105-285 and 105-286, or 105-287. (b) The difference between the taxes
due on the basis of fifty percent (50%) of the true value of the property
and the taxes that would have been payable in the absence of the
classification provided for in subsection (a) shall be a lien on the
property of the taxpayer as provided in G.S. 105-355(a) and shall be
carried forward in the records of the taxing unit or units as deferred
taxes, but shall not be payable until the property loses its eligibility
for the benefit of this classification because of a change in an ordinance
designating a historic property or a change in the property, except by
fire or other natural disaster, which causes its historical significance
to be lost or substantially impaired. The tax for the fiscal year that
opens in the calendar year in which a disqualification occurs shall be
computed as if the property had not been classified for that year, and
taxes for the preceding three fiscal years that have been deferred as
provided herein shall be payable immediately, together with interest
thereon as provided in G.S. 105-360 for unpaid taxes, which shall accrue
on the deferred taxes as if they had been payable on the dates on which
they originally became due. If only a part of the historic property loses
its eligibility for the classification, a determination shall be made of
the amount of deferred taxes applicable to that part, and the amount shall
be payable with interest as provided above. (1977, c. 869, s. 2; 1981, c.
501; 1989, c. 706, s. 3.1.) |
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