|
|
General Statute N.C.G.S. 105-278
providing for deferral of one-half of property taxes on historic
landmarks. |
| § 105-278. Historic properties. (a) Real
property designated as a historic structure or site by a local ordinance
adopted pursuant to G.S. 160A-399.4 or designated as a historic landmark
by a local ordinance adopted pursuant to G.S. 160A-400.5 is hereby
designated a special class of property under authority of Article V,
Sec. 2(2) of the North Carolina Constitution. Property so classified
shall be taxed uniformly as a class in each local taxing unit on the
basis of fifty percent (50%) of the true value of the property as
determined pursuant to G.S. 105-285 and 105-286, or 105-287. (b) The
difference between the taxes due on the basis of fifty percent (50%) of
the true value of the property and the taxes that would have been
payable in the absence of the classification provided for in subsection
(a) shall be a lien on the property of the taxpayer as provided in G.S.
105-355(a) and shall be carried forward in the records of the taxing
unit or units as deferred taxes, but shall not be payable until the
property loses its eligibility for the benefit of this classification
because of a change in an ordinance designating a historic property or a
change in the property, except by fire or other natural disaster, which
causes its historical significance to be lost or substantially impaired.
The tax for the fiscal year that opens in the calendar year in which a
disqualification occurs shall be computed as if the property had not
been classified for that year, and taxes for the preceding three fiscal
years that have been deferred as provided herein shall be payable
immediately, together with interest thereon as provided in G.S. 105-360
for unpaid taxes, which shall accrue on the deferred taxes as if they
had been payable on the dates on which they originally became due. If
only a part of the historic property loses its eligibility for the
classification, a determination shall be made of the amount of deferred
taxes applicable to that part, and the amount shall be payable with
interest as provided above. (1977, c. 869, s. 2; 1981, c. 501; 1989, c.
706, s. 3.1.) |
|
|