The Present-Use Value Assessment Program is a statewide program designed to give relief to specific landowners and their property that is used for the commercial production of an agricultural, horticultural or forestry product.
In accordance with G.S. 105-296(j), the assessor must annually review at least 1/8 of the parcels in the county classified for taxation at present-use value to verify that these parcels qualify for the classification. By this method, the assessor must review the eligibility of all parcels classified for taxation at Present-Use Value in an 8 year period. The period of the review process is based on the average of the preceding 3 years’ data.