North Carolina Statutes
§ 121-40 — Assessment of land or improvements subject to agreement
North Carolina § 121-40
JurisdictionNorth Carolina
Ch. 121Archives and History
Art. 4Conservation and Historic Preservation Agreements Act
This text of North Carolina § 121-40 (Assessment of land or improvements subject to agreement) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.C. Gen. Stat. § 121-40 (2026).
Text
For purposes of taxation, land and improvements subject to a conservation or preservation agreement shall be assessed on the basis of the true value of the land and improvement less any reduction in value caused by the agreement.
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Legislative History
(1979, c. 747, s. 7.)
Nearby Sections
15
§ 121-1
Short title§ 121-10
Security of historic properties§ 121-12.1
Grants-in-aid§ 121-14
Acceptance and administration of gifts for restoration of Tryon's Palace; execution of deeds, etc§ 121-17
Funds deposited with trustee§ 121-2
DefinitionsCite This Page — Counsel Stack
Bluebook (online)
North Carolina § 121-40, Counsel Stack Legal Research, https://law.counselstack.com/statute/nc/121/121-40.