Present-Use Value Classification 2025

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In North Carolina, property taxes are based on the assessed value of your property. This value is determined by your countys tax office through a process called revaluation, which aims to reflect the current market value of properties. Revaluations typically occur every four to eight years, depending on the county.
Use-value assessment (UVA) is the practice of valuing rural land ing to its current use rather than its market value to reduce property taxes for rural land owners in the United States. This tax preference amounts to tens of billions of dollars annually.
This program is known in North Carolina as Present Use Value (PUV), and it is perhaps the most beneficial tax program for owners of rural property. This program offers up to 90% tax savings for private eligible landowners in NC.
The Present-Use Value Program enables qualifying property owners to defer a portion of the property taxes for qualifying parcels involved in agricultural, horticultural or forestry management. In order to qualify, the property must meet certain statutory owner, size, income and use guidelines.
North Carolina Farmers who qualify are exempt from paying sales tax on certain farm supplies and equipment. To qualify, farmers must have an average annual gross income of $10,000 from farming operations for the three preceding years.

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North Carolina defers a portion of the property taxes on the appraised value of a permanent residence owned and occupied by a North Carolina resident who has owned and occupied the property at least five years, is at least 65 years of age or is totally and permanently disabled, and whose income does not exceed $56,850.

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