Present Use Value Program a Benefit for Qualified Farm and Forest Land Owners
El inglés es el idioma de control de esta página. En la medida en que haya algún conflicto entre la traducción al inglés y la traducción, el inglés prevalece.
Al hacer clic en el enlace de traducción se activa un servicio de traducción gratuito para convertir la página al español. Al igual que con cualquier traducción por Internet, la conversión no es sensible al contexto y puede que no traduzca el texto en su significado original. NC State Extension no garantiza la exactitud del texto traducido. Por favor, tenga en cuenta que algunas aplicaciones y/o servicios pueden no funcionar como se espera cuando se traducen.
English is the controlling language of this page. To the extent there is any conflict between the English text and the translation, English controls.
Clicking on the translation link activates a free translation service to convert the page to Spanish. As with any Internet translation, the conversion is not context-sensitive and may not translate the text to its original meaning. NC State Extension does not guarantee the accuracy of the translated text. Please note that some applications and/or services may not function as expected when translated.Collapse ▲
Effective in 1974, The North Carolina General Assembly enacted the Present Use Value (PUV) Program, which allows reduced tax assessments for individuals owning property used for agriculture, horticulture or forestry. This program is voluntary and was created to keep the family farm in the family and allow farmers to continue farming while property values rise from urban growth. Property that qualifies and is accepted into this program is taxed at its “present use value” rather than its market value. The difference between the market value and the present use value is “deferred”. In layman’s terms the property is valued at a lower rate, and therefore the owner’s land is taxed at a lower rate. If for some reason the land becomes disqualified from the PUV program, the deferred taxes for the current year and the previous three years plus interest becomes due.
Additional Qualification Opportunities
In recent years, conservation easements (2002), “working waterfront” (2007), and land managed for wildlife habitat (2008) under a plan approved by the Wildlife Resources Commission became qualified for present use-value assessment.
- Begin the process by contacting your county tax assessor to see if you qualify.
- Minimum acreage of actual production land:
- 5 acres for horticulture use
- 10 acres for agricultural use
- 20 acres for forest use
- 20 contiguous acres up to 100 acres for wildlife habitat
- Production in horticulture e.g., flowers, Christmas trees, blueberries, etc., must follow a sound management plan which means one needs to generate an average income of $1,000 per year over a three-year period of time.
- Forest land must follow a forest management plan. In developing a Woodland Plan, contact the NC Division of Forestry at 828-631-9316 or find a certified forester.
- Wildlife habitat lands must be managed under a written Wildlife Habitat Conservation Agreement with the North Carolina Wildlife Resources Commission. Contact Brad Howard, Private Lands Program Coordinator at 828-294-2605 or email email@example.com.
For land to be eligible for present-use value assessment, Macon County Property Appraisers will determine if the land is being operated under a program of sound management. To learn more about the PUV program contact Tom Allen at 828-349-2147 or firstname.lastname@example.org or Christie Cabe at 828-349-2182 or email@example.com.
Deadline Dates Include
- Applications may be submitted from January 1– 31, 2021
- Plans (timber, wildlife, or conservation) are due by December 31, 2021
The NC Department of Revenue Present Use Value Program Guide