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The N.C. Forest Service plays a crucial role in managing and protecting forest resources. Their services include providing technical assistance, enforcing forestry regulations, and supporting reforestation efforts. Partnering with organizations like the North Carolina Tenant Forestry Association, the N.C. Forest Service ensures that landowners access the support needed to maintain healthy and productive forests.
Present Use Value is a voluntary program that requires compliance with certain rules by the owner in exchange for preferential tax treatment. As long as the owner(s) continues to meet all the statutory requirements set by North Carolina General Statutes 105- 277(series), the property will remain in present use value.
North Carolina has a 4.75 percent state sales tax rate, a max local sales tax rate of 2.75 percent, and an average combined state and local sales tax rate of 6.99 percent. North Carolina's tax system ranks 10th overall on our 2023 State Business Tax Climate Index.
A landowner must own at least 20 acres or more to qualify for the forestry requirement in the present-use value tax program. Applications are due in January at your county tax office. A forest management plan allows a landowner to meet his goals and objectives for his property.
When a tract of land is disqualified from PUV, the owner of the property must pay a rollback, which is the sum of three years of the unpaid deferred taxes plus interest on that differential for each year prior to the year of disqualification.
Property Tax Savings Since 1974, North Carolina woodland owners have been eligible for deferment of property taxes through the State's forestry present-use value program (PUV). To be eligible, qualified woodland of 20 acres or more must be actively engaged in the commercial growing of trees under sound management.