reglab/housing_qa huggingface dataset:
NC Gen Stat § 105-277.8 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 12 - Property Subject to Taxation.|§ 105-277.8 - Taxation of property of nonprofit homeowners' association.

 105-277.8. Taxation of property of nonprofit homeowners' association.(a) Except as provided in subsection (a1) of this section, the value of real and personal property owned by a nonprofit homeowners' association shall be included in the appraisals of property owned by members of the association and shall not be assessed against the association if each of the following requirements is met:(1) All property owned by the association is held for the use, benefit, and enjoyment of all members of the association equally.(2) Each member of the association has an irrevocable right to use and enjoy, on an equal basis, all property owned by the association, subject to any restrictions imposed by the instruments conveying the right or the rules, regulations, or bylaws of the association.(3) Each irrevocable right to use and enjoy all property owned by the association is appurtenant to taxable real property owned by a member of the association.The assessor may allocate the value of the association's property among the property of the association's members on any fair and reasonable basis.  (a1) The value of extraterritorial common property shall be subject to taxation only in the jurisdiction in which it is entirely contained and only in the amount of the local tax of the jurisdiction in which it is entirely contained. The value of any property taxed pursuant to this subsection, as determined by the latest schedule of values, shall not be included in the appraisals of property owned by members of the association that are referenced in subsection (a) of this section or otherwise subject to taxation. The assessor for the jurisdiction that imposes a tax pursuant to this subsection shall provide notice of the property, the value, and any other information to the assessor of any other jurisdiction so that the real properties owned by the members of the association are not subject to taxation for that value. The governing board of a nonprofit homeowners' association with property subject to taxation under this subsection shall provide annually to each member of the association the amount of tax due on the property, the value of the property, and, if applicable, the means by which the association will recover the tax due on the property from the members.(b) As used in this section, "nonprofit homeowners' association" means a homeowners' association as defined in 528(c) of the Internal Revenue Code, and "extraterritorial common property" means real property that is (i) owned by a nonprofit homeowners association that meets the requirements of subdivisions (1) through (3) of subsection (a) of this section and (ii) entirely contained within a taxing jurisdiction that is different from that of the taxable real property owned by members of the association and providing the appurtenant rights to use and enjoy the association property. (1979, c. 686, s. 1; 1987, c. 130; 2012-157, s. 1.)
NC Gen Stat § 105-277.9 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 12 - Property Subject to Taxation.|§ 105-277.9 - Taxation of property inside certain roadway corridors.

 105-277.9. Taxation of property inside certain roadway corridors.Real property that lies within a transportation corridor marked on an official map filed under Article 2E of Chapter 136 of the General Statutes is designated a special class of property under Article V, Sec. 2(2) of the North Carolina Constitution and is taxable at twenty percent (20%) of the appraised value of the property if each of the following requirements is met:(1) As of January 1, no building or other structure is located on the property.(2) The property has not been subdivided, as defined in G.S. 153A-335 or G.S. 160A-376, since it was included in the corridor.  (1987, c. 747, s. 22; 1998-184, s. 2; 2011-30, s. 1.)
NC Gen Stat § 105-277.9A (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 12 - Property Subject to Taxation.|§ 105-277.9A - (See note for repeal) Taxation of improved property inside certain roadway corridors.

 105-277.9A. (See note for repeal) Taxation of improved property inside certain roadway corridors.(a) Reduced Assessment. - Real property on which a building or other structure is located and that lies within a transportation corridor marked on an official map filed under Article 2E of Chapter 136 of the General Statutes is designated a special class of property under Section 2(2) of Article V of the North Carolina Constitution and is taxable at fifty percent (50%) of the appraised value of the property if the property has not been subdivided, as defined in G.S. 153A-335 or G.S. 160A-376, since it was included in the corridor.(b) Sunset. - This section is repealed effective for taxes imposed for taxable years beginning on or after July 1, 2021.  (2011-30, s. 2.)
NC Gen Stat § 105-277.10 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 12 - Property Subject to Taxation.|§ 105-277.10 - Taxation of precious metals used or held for use directly in manufacturing or processing by a manufacturer.

 105-277.10. Taxation of precious metals used or held for use directly in manufacturing or processing by a manufacturer.Precious metals, including rhodium and platinum, used or held for use directly in manufacturing or processing by a manufacturer as part of industrial machinery is designated a special class of property under Article V, Sec. 2(2) of the North Carolina Constitution and shall be assessed for taxation in accordance with this section. The classified property shall be assessed at the lower of its true value or the manufacturer's original cost less depreciation. The original cost of the classified property shall be adjusted by the index factor, if any, that applies in assessing the industrial machinery with which the property is used, and the depreciable life of the classified property shall be the life assigned to the industrial machinery with which the property is used. The residual value of the classified property may not exceed twenty-five percent (25%) of the manufacturer's original cost. (1989, c. 674, s. 1.)
NC Gen Stat § 105-277.11 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 12 - Property Subject to Taxation.|§ 105-277.11 - Taxation of property subject to a development financing district agreement.

 105-277.11. Taxation of property subject to a development financing district agreement.Property that is in a development financing district established pursuant to G.S. 160A-515.1 or G.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 Carolina Constitution, be assessed for taxation at the greater of its true value or the minimum value established in the agreement.(2003-403, s. 21.)
NC Gen Stat § 105-277.12 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 12 - Property Subject to Taxation.|§ 105-277.12 - Antique airplanes.

 105-277.12. Antique airplanes.(a) For the purpose of this section, the term "antique airplane" means an airplane that meets all of the following conditions:(1) It is registered with the Federal Aviation Administration and is a model year 1954 or older.(2) It is maintained primarily for use in exhibitions, club activities, air shows, and other public interest functions.(3) It is used only occasionally for other purposes.(4) It is used by the owner for a purpose other than the production of income.(b) Antique airplanes are designated a special class of property under Article V, Sec. 2(2) of the North Carolina Constitution and shall be assessed for taxation in accordance with this section. An antique airplane shall be assessed at the lower of its true value or five thousand dollars ($5,000). (1997-355, s. 1.)
NC Gen Stat § 105-277.13 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 12 - Property Subject to Taxation.|§ 105-277.13 - Taxation of improvements on brownfields.

 105-277.13. Taxation of improvements on brownfields.(a) Qualifying improvements on brownfields properties are designated a special class of property under Article V, Sec. 2(2) of the North Carolina Constitution and shall be appraised, assessed, and taxed in accordance with this section. An owner of land is entitled to the partial exclusion provided by this section for the first five taxable years beginning after completion of qualifying improvements made after the later of July 1, 2000, or the date of the brownfields agreement. After property has qualified for the exclusion provided by this section, the assessor for the county in which the property is located shall annually appraise the improvements made to the property during the period of time that the owner is entitled to the exclusion.(b) For the purposes of this section, the terms "qualifying improvements on brownfields properties" and "qualifying improvements" mean improvements made to real property that is subject to a brownfields agreement entered into by the Department of Environmental Quality and the owner pursuant to G.S. 130A-310.32.(c) The following table establishes the percentage of the appraised value of the qualified improvements that is excluded based on the taxable year:Year Percent of Appraised Value Excluded Year 1 90%Year 2 75%Year 3 50%Year 4 30%Year 5 10%. (2000-158, s. 1; 2015-241, s. 14.30(u).)
NC Gen Stat § 105-277.14 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 12 - Property Subject to Taxation.|§ 105-277.14 - Taxation of working waterfront property.

 105-277.14. Taxation of working waterfront property.(a) Definitions. - The following definitions apply in this section:(1) Coastal fishing waters. - Defined in G.S. 113-129.(2) Commercial fishing operation. - Defined in G.S. 113-168.(3) Fish processing. - Processing fish, as defined in G.S. 113-129, for sale.(4) Working waterfront property. - Any of the following property that has, for the most recent three-year period, produced an average gross income of at least one thousand dollars ($1,000):a. A pier that extends into coastal fishing waters and limits access to those who pay a fee.b. Real property that is adjacent to coastal fishing waters and is primarily used for a commercial fishing operation or fish processing, including adjacent land that is under improvements used for one of these purposes.(b) Classification. - Working waterfront property is designated a special class of property under Section 2(2) of Article V of the North Carolina Constitution and must be appraised, assessed, and taxed on the basis of the value of the property in its present use rather than on its true value. Working waterfront property includes land reasonably necessary for the convenient use of the property.(c) Deferred Taxes. - The difference between the taxes that are due on working waterfront property taxed on the basis of its present use and that would be due if the property were taxed on the basis of its true value is a lien on the property. The difference in taxes must be carried forward in the records of each taxing unit as deferred taxes. The deferred taxes for the preceding three fiscal years are due and payable in accordance with G.S. 105-277.1F when the property loses its eligibility for deferral as a result of a disqualifying event. A disqualifying event occurs when the property no longer qualifies as working waterfront property.(d) Repealed by Session Laws 2009-445, s. 23(b), effective August 7, 2009.  (2007-485, s. 1; 2008-35, s. 2.4; 2009-445, s. 23(b).)
NC Gen Stat § 105-277.16 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 12 - Property Subject to Taxation.|§ 105-277.16 - Taxation of low-income housing property.

 105-277.16. Taxation of low-income housing property.A North Carolina low-income housing development to which the North Carolina Housing Finance Agency allocated a federal tax credit under section 42 of the Code is designated a special class of property under Article V, Section 2(2) of the North Carolina Constitution and must be appraised, assessed, and taxed in accordance with this section. The assessor must use the income approach as the method of valuation for property classified under this section and must take rent restrictions that apply to the property into consideration in determining the income attributable to the property. The assessor may not consider income tax credits received under section 42 of the Code or under G.S. 105-129.42 in determining the income attributable to the property.  (2008-146, s. 3.1; 2008-187, s. 47.6.)
NC Gen Stat § 105-278 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 12 - Property Subject to Taxation.|§ 105-278 - Historic properties.

 105-278. Historic properties.(a) Real property designated as a historic property by a local ordinance adopted pursuant to former G.S. 160A-399.4 or designated as a historic landmark by a local ordinance adopted pursuant to G.S. 160A-400.5 is designated a special class of property under authority of Article V, Sec. 2(2) of the North Carolina Constitution. Property so classified shall be taxed uniformly as a class in each local taxing unit on the basis of fifty percent (50%) of the true value of the property as determined pursuant to G.S. 105-285 and 105-286, or 105-287.(b) The difference between the taxes due on the basis of fifty percent (50%) of the true value of the property and the taxes that would have been payable in the absence of the classification provided for in subsection (a) shall be a lien on the property of the taxpayer as provided in G.S. 105-355(a). The taxes shall be carried forward in the records of the taxing unit or units as deferred taxes. The deferred taxes for the preceding three fiscal years are due and payable in accordance with G.S. 105-277.1F when the property loses the benefit of this classification as a result of a disqualifying event. A disqualifying event occurs when there is a change in an ordinance designating a historic property or a change in the property, other than by fire or other natural disaster, that causes the property's historical significance to be lost or substantially impaired. In addition to the provisions in G.S. 105-277.1F, no deferred taxes are due and all liens arising under this subsection are extinguished when the property's historical significance is lost or substantially impaired due to fire or other natural disaster.  (1977, c. 869, s. 2; 1981, c. 501; 1989, c. 706, s. 3.1; 2005-435, s. 38; 2006-162, s. 28; 2008-35, s. 2.5; 2010-95, s. 17.)
NC Gen Stat § 105-278.1 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 12 - Property Subject to Taxation.|§ 105-278.1 - Exemption of real and personal property owned by units of government.

 105-278.1. Exemption of real and personal property owned by units of government.(a) Real and personal property owned by the United States and, by virtue of federal law, not subject to State and local taxes shall be exempted from taxation.(b) Real and personal property belonging to the State, counties, and municipalities is exempt from taxation.(c) For purposes of this section:(1) A specified unit of government (federal, State, or local) includes its departments, institutions, and agencies.(2) By way of illustration but not by way of limitation, the following boards, commissions, authorities, and institutions are units of State government:a. Repealed by Session Laws 2021-90, s. 25(b), effective July 22, 2021.b. The Board of Governors of the University of North Carolina incorporated under the provisions of G.S. 116-3 and known as "The University of North Carolina.c. The North Carolina Museum of Art made an agency of the State under G.S. 140-5.12.(3) By way of illustration but not by way of limitation, the following boards, commissions, authorities, and institutions are units of local government of this State:a. An airport authority, board, or commission created as a separate and independent body corporate and politic by an act of the General Assembly.b. An airport authority, board, or commission created as a separate and independent body corporate and politic by one or more counties or municipalities or combinations thereof under the authority of an act of the General Assembly.c. A hospital authority created under G.S. 131E-17.d. A housing authority created under G.S. 157-4 or G.S. 157-4.1.e. A municipal parking authority created under G.S. 160-477.f. A veterans' recreation authority created under G.S. 165-26.  (1973, c. 695, s. 4; 1987, c. 777, s. 1; 2005-435, s. 39; 2021-90, s. 25(b).)
NC Gen Stat § 105-278.2 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 12 - Property Subject to Taxation.|§ 105-278.2 - Burial property.

 105-278.2. Burial property.(a) Real property set apart for burial purposes shall be exempted from taxation unless it is owned and held for purposes of (i) sale or rental or (ii) sale of burial rights therein. No application is required under G.S. 105-282.1 for property exempt under this subsection. A county cannot deny the exemption provided under this subsection to a taxpayer that lacks a survey or plat detailing the exempt property.(b) Taxable real property set apart for human burial purposes is hereby designated a special class of property under authority of Article V, Section 2(2) of the North Carolina Constitution, and it shall be assessed for taxation taking into consideration the following:(1) The effect on its value by division and development into burial plots;(2) Whether it is irrevocably dedicated for human burial purposes by plat recorded with the Register of Deeds in the county in which the land is located; and(3) Whether the owner is prohibited or restricted by law or otherwise from selling, mortgaging, leasing or encumbering the same.(c) For purposes of this section, the term "real property" includes land, tombs, vaults, monuments, and mausoleums, and the term "burial" includes entombment.  (1973, c. 695, s. 4; 1987, c. 724; 2018-113, s. 15.)
NC Gen Stat § 105-278.5 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 12 - Property Subject to Taxation.|§ 105-278.5 - Real and personal property of religious educational assemblies used for religious and educational purposes.

 105-278.5. Real and personal property of religious educational assemblies used for religious and educational purposes.(a) Buildings, the land they actually occupy, and additional adjacent land reasonably necessary for the convenient use of any such building or for the religious educational programs of the owner, shall be exempted from taxation if:(1) Owned by a religious educational assembly, retreat, or similar organization;(2) No officer, shareholder, member, or employee of the owner, or any other person is entitled to receive pecuniary profit from the owner's operations except reasonable compensation for services; and(3) Of a kind commonly employed in those activities naturally and properly incident to the operation of a religious educational assembly such as the owner; and(4) Wholly and exclusively used fora. Religious worship orb. Purposes of instruction in religious education.(b) Notwithstanding the exclusive-use requirement of subsection (a), above, if part of a property that otherwise meets the subsection's requirements is used for a purpose that would require exemption if the entire property were so used, the valuation of the part so used shall be exempted from taxation.(c) The fact that a building or facility is incidentally available to and patronized by the general public, so long as there is no material amount of business or patronage with the general public, shall not defeat the exemption granted by this section.(d) Personal property owned by a religious educational assembly, retreat, or similar organization shall be exempted from taxation if it is exclusively maintained and used in connection with real property granted exemption under the provisions of subsection (a) or (b), above. (1973, c. 695, s. 4.)
NC Gen Stat § 105-278.6 (2021)
2021 North Carolina General Statutes|Chapter 105 - Taxation|Article 12 - Property Subject to Taxation.|§ 105-278.6 - Real and personal property used for charitable purposes.

 105-278.6. Real and personal property used for charitable purposes.(a) Real and personal property owned by:(1) A Young Men's Christian Association or similar organization;(2) A home for the aged, sick, or infirm;(3) An orphanage or similar home;(4) A Society for the Prevention of Cruelty to Animals;(5) A reformatory or correctional institution;(6) A monastery, convent, or nunnery;(7) A nonprofit, life-saving, first aid, or rescue squad organization;(8) A nonprofit organization providing housing for individuals or families with low or moderate incomesshall be exempted from taxation if: (i) As to real property, it is actually and exclusively occupied and used, and as to personal property, it is entirely and completely used, by the owner for charitable purposes; and (ii) the owner is not organized or operated for profit.  (b) A charitable purpose within the meaning of this section is one that has humane and philanthropic objectives; it is an activity that benefits humanity or a significant rather than limited segment of the community without expectation of pecuniary profit or reward. The humane treatment of animals is also a charitable purpose.(c) The fact that a building or facility is incidentally available to and patronized by the general public, so long as there is no material amount of business or patronage with the general public, shall not defeat the exemption granted by this section.(d) Notwithstanding the exclusive-use requirements of this section, if part of a property that otherwise meets the section's requirements is used for a purpose that would require exemption under subsection (a), above, if the entire property were so used, the valuation of the part so used shall be exempted from taxation.(e) Real property held by an organization described in subdivision (a)(8) for a charitable purpose under this section as a future site for housing for individuals or families with low or moderate incomes may be classified under this section for no more than 10 years. The taxes that would otherwise be due on real property exempt under this subsection shall be a lien on the property as provided in G.S. 105-355(a). The taxes shall be carried forward in the records of the taxing unit as deferred taxes. The deferred taxes are due and payable in accordance with G.S. 105-277.1F when the property loses its eligibility for deferral as a result of a disqualifying event. A disqualifying event occurs when the property was not used for low- or moderate-income housing within 10 years from the first day of the fiscal year the property was classified under this subsection. In addition to the provisions in G.S. 105-277.1F, all liens arising under this subdivision are extinguished when the property is used for low- or moderate-income housing within the time period allowed under this subsection.  (1973, c. 695, s. 4; 1975, c. 808; 1993, c. 230, s. 1; 2008-35, s. 2.6; 2009-481, s. 2; 2010-95, s. 18; 2011-368, s. 1.)