What are the common exemptions to property tax?

Property tax in North Carolina is a tax imposed on property owners based upon the assessed value of the property. Common exemptions to property tax in North Carolina include owner-occupied residential property, agricultural property, churches, nonprofit organizations, and public charities. Owner-occupied residential property is exempt from taxation, meaning that the taxpayer does not need to pay taxes on the assessed value of the property. Agricultural property is exempt from taxation on all agricultural land that is used exclusively for farming, forestry, or agricultural purposes. Churches, nonprofit organizations, and public charities are exempt from taxation. These organizations are not subject to paying property taxes in North Carolina. Property taxes can be complicated, so it is important to know what exemptions you may qualify for. It is also important to contact your local county tax office if you have any questions about your property tax exemptions.

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