Real Property

Present Use Value Deferral

North Carolina General Statutes provide for real property in agricultural, forestry or horticultural use which meets certain requirements to be assessed at values based on that use rather than at the full market value. The difference between taxes billed in the program and what would have been billed if not in the program are carried as deferred taxes. This deferral program is commonly referred to as “Present Use Value” or “PUV.”

If property is removed from the program, either voluntarily or by disqualification, deferred taxes for the current and 3 previous years become due and payable, with interest when applicable, as if they had been billed in their respective years.

Application is required for any property to be included in the program, and any time there is a change in ownership.  Properties in the program are periodically audited to assure continued compliance, and failure to respond to audit requests will result in disqualification and billing of deferred taxes.

Documents related to the Present Use Value program are listed below.

• AV-3- Voluntary Payment of Deferred Taxes without Requesting Disqualification
• AV-4 – Present Use Value General Statutes
• AV-5 – Application for Present Use Value Assessment
• AV-6 – Request for Voluntary Disqualification from Present Use Value Classification
• AV-7 – Request for Estimate of Deferred Taxes

 

Real Property Appeals

Real property may be appealed at the beginning of the calendar year. An informal review with a staff appraiser may be requested from January 1 until the Halifax County Board of Equalization and Review convenes. The Board of E&R typically convenes the first Monday in April and adjourns the first Monday in May. Real property appeals must be submitted prior to the Board of E & R’s adjournment. All appeals – both informal and formal – must be submitted to the Tax Assessor in writing.

Please call (252) 583-2121 or email taxhelp@halifaxnc.com for more information regarding real property assessments.