Property classified as historical is taxed uniformly in each local taxing unit on the basis of fifty percent (50%) of the true value of the property as determined by statute NCGS 105-278. After a property has been designated as historical property, the owner is required to submit a historical deferment application with the tax office.
The deferred taxes will become due when the property loses its eligibility for the benefit of this classification. This could occur because of a change in an ordinance designation or a change in the property which causes its historical significance to be lost or substantially impaired.
To apply for the Historical Tax Deferment, please submit FORM AV-10 with the tax office during the annual listing period, January 1 through January 31.