Check out NC State Extension specialist, Andrew Branan's, information and explanation of Present Use Value in North Carolina
Present Use Value (PUV) is a property tax program that allows qualifying land to be assessed based on its current use rather than its full market value. The program applies to land used for agriculture, horticulture or forestry. The value is based on the land’s ability to produce income under a sound management plan. PUV may also be referred to as Land Use, Farm Use or a “tax break.”
Participation in the Present Use Value program is voluntary. Property owners must meet specific requirements to qualify and remain enrolled. As long as the owner continues to meet the requirements established under North Carolina General Statutes 105-277, the property can continue to receive the reduced tax assessment.
Land Categories That May Qualify:
- Agricultural land
- Forestland
- Horticultural land
Compliance Review
A compliance review is an annual review of at least one-eighth of the properties enrolled in the Present Use Value Program. The purpose of the review is to confirm that each property continues to meet the requirements for present use value classification.
For agricultural and horticultural properties, the review is based on an average of data from the previous three years. The county may request documentation related to income, production and sound management practices for this period.
Forestry reviews may cover a longer period due to the extended growth cycle of timber. Property owners should maintain accurate records and documentation to demonstrate continued compliance with program requirements.
For more information on these programs please click on the links below to access the Land Use Program Guide and to access related property tax forms.
NCDOR Present-Use Value Program Guide
Application for Present-Use Value
For more information, contact the Haywood County Tax Assessor's Office
