Present-Use Value Program
The Present-Use Value Program enables qualifying property owners to defer a portion of the property taxes for qualifying parcels involved in agricultural, horticultural or forestry management. In order to qualify, the property must meet certain statutory owner, size, income and use guidelines.
An application is required for any property to be included in the program, and any time there is a change in ownership. Applications must be filed with the County Assessor during the regular listing period which ends January 31 each year, within 30 days of a notice of change in valuation, or within 60 days of the transfer of the property.
- Agriculture land consisting of one or more tracts, one of which consists of at least 10 acres that are in actual production and,
- For the three years preceding January 1 of the year for which the benefits is claimed, have produced an average gross income of at least $1,000.
- Forestland consisting of one or more tracts, one of which consists of at least 20 acres that are in actual production and,
- Must be under a sound management plan and,
- Not included in a farm unit.
- Land consisting of one or more tracts, one of which consists of at least 5 acres that are in actual production and,
- For the three years preceding January 1 of the year the benefit is claimed, have either produced an average gross income of $1,000 or been used to produce evergreens intended for use as Christmas trees and meet gross income requirements.
- Land must consist of at least 20 contiguous acres. No more than 100 acres of an owner's land in a county may be classified under this program.
- Land must be managed under a written wildlife habitat conservation agreement with the North Carolina Wildlife Resources Commission. A complete copy of this agreement must be submitted with the application.
The amount of taxes deferred is determined by calculating the difference between the assessed market value of the property and it's "use" value. Use values are provided to the County by the North Carolina Use Value Advisory Board, and adopted as a part of the Schedule of Values during general revaluation years.
If at any time, a property is removed from the program, these deferred taxes for the current tax year, and the three (3) previous tax years, plus any applicable interest, become due and payable immediately as if they had been billed in their respective years.
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.
For more information regarding the Use-Value program, contact the Land Records Division of the Onslow County Tax Office at 910-989-2204
Present-Use Value Program forms and statutes:
- 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
- AV-56 Application for Wildlife Conservation Program