Posts Tagged ‘deferred taxes’

Discoveries, Deferred Taxes, and the New Year

Thursday, January 7th, 2016

One of the most basic yet most misunderstood facets of North Carolina property taxes is the year for which those taxes are levied.  Contrary to popular belief, property taxes are not levied for the calendar year.  All local governments are required to budget and finance their operations on the basis of a fiscal year that […]

New Property Tax Deferral Aimed at Economic Development Properties

Tuesday, May 13th, 2014

[UPDATE:  S.L. 2014-39 amended the site infrastructure deferral by eliminating the requriement that the property have previously been participating in the present use value deferral program for farmland and by changing the deferral calculation.  The updated post below reflects these changes.] This past year witnessed several milestones for deferred property taxes.  We celebrated the 40th birthday of […]