State Codes and Statutes
Statutes > North-carolina > Chapter_105 > GS_105-277_11§ 105-277.11. Taxation ofproperty subject to a development financing district agreement.
Property that is in adevelopment financing district established pursuant to G.S. 160A‑515.1 orG.S. 158-7.3 and that is subject to an agreement entered into pursuant to G.S.159-108, shall, pursuant to Article V, Section 14 of the North CarolinaConstitution, be assessed for taxation at the greater of its true value or theminimum value established in the agreement.(2003-403,s. 21.)
