North Carolina Statutes
§ 121-40 — Assessment of land or improvements subject to agreement
North Carolina·Ch. 121 Archives and History·Art. 4 Conservation and Historic Preservation Agreements Act
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
Definitions