NC Property Tax Exclusion Applies to Solar Energy Farms Under Construction August 23, 2018 Justin M. Hardy North Carolina Property Tax Law Monitor Since the tax exemption for solar energy electric systems was established, there has been debate among property owners and taxing jurisdictions about whether the exemption applies to systems that are under construction, but not yet in operation as of January 1 of the relevant tax year.
NC Senate Bill Would Slowly Eliminate Exclusion for Nonresidential Solar Energy Systems August 22, 2018 Justin M. Hardy North Carolina Property Tax Law Monitor If someone asked you to name the top states for solar power generation capacity, you would likely name California as one. Would you guess that North Carolina is #2, and has been since 2015? That's according to the Solar Energy Industries Association, which releases a capacity per state study each year.
Proposed Legislation to Expand the Disabled Veteran and Surviving Spouse Property Tax Homestead Exclusion January 31, 2017 Justin M. Hardy North Carolina Property Tax Law Monitor On January 25, 2017, a House Bill was filed that would expand the existing homestead property tax exclusion for disabled veterans and surviving spouses. The current exclusion, 105-277.1C, excludes from taxation the first $45,000 of the value of a permanent residence owned and occupied by certain disabled veterans meeting certain conditions or the surviving spouse of such a person who has not remarried.
Legislature Alters Exception for Deferred Tax Trigger Relating to Present Use Property July 12, 2016 Justin M. Hardy North Carolina Property Tax Law Monitor North Carolina General Statute 105-277.3 defines as special classes of property agricultural land, horticultural land, and forestland. Each class has its own requirements and all three have certain ownership requirements.
North Carolina's Exemption for Real Property Used for Religious Purposes March 23, 2016 Justin M. Hardy North Carolina Property Tax Law Monitor Through 105-278.3, North Carolina recognizes an exemption from property taxation for "buildings, the land they actually occupy, and additional adjacent land reasonably necessary for the convenient use of any such buildings" if and only if the property is owned by a church or religious body AND either 1. wholly and exclusively used by its owner for religious purposes; or
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