Transcript Present Use Value David Baker, PPS Director Property Tax Division North Carolina Department of Revenue.

Present Use Value
David Baker, PPS
Director
Property Tax Division
North Carolina Department of Revenue
Present Use Value
• G.S. 105-296(j) The assessor must annually
review at least one eighth of the parcels in the
county classified for taxation at present-use
value to verify that these parcels qualify for the
classification. By this method, the assessor must
review the eligibility of all parcels classified for
taxation at present-use value in an eight-year
period. The period of the review process is based
on the average of the preceding three years'
data.
Compliance Review
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Application on hand?
Ownership
Size
Actual Production
Income
Sound Management
– Forest management plan
Forest management plan
• Is there a plan for each tract?
• The position of our office is that the General
Statutes require a forestry management plan to
be in place prior to January 1 of the year for
which the taxpayer makes a request for the
present-use value benefit.
• In most counties this is not the case.
• The 20 acres rule - requires forestry management
plans for woodland greater than 20 acres that is
located on agricultural or horticultural tracts.
Forest management plan
• We recommend that you work with your local
County Forest Ranger’s Office to establish a
set future deadline to have all plans
completed.
• We request that you send the deadline to us.
• Is it a plan for the commercial growing of
timber?