Anson County Property Tax Exemptions

Preferential treatment: The land is valued on its current use as agricultural, horticultural, woodland, or working waterfront property. The value is based on the capitalized cash rents; forestland is valued using net income from actual production. The values are based on the region of the state and the productivity of the soil. Standing timber is exempt. Wildlife conservation land is assessed as agricultural land if used as a wildlife reserve, or is assessed as forestland if used for wildlife species protection or wildlife habitat protection. The value of agricultural land can be no higher than $1,200 per acre.. Penalty: The difference between the taxes due on the present-use basis and the taxes that would have been due in absence of this classification becomes a lien on the property. When the property is disqualified from the program or is withdrawn, the deferred taxes for the preceding 3 fiscal years are due as well as interest, penalties, or other costs. An appeal must be made within 60 days after written notice to disqualify a property. When a property's present-use value classification is reinstated upon appeal of the disqualifying event, it is reinstated retroactive to the date the classification was revoked. Failure to notify the county assessor by the annual deadline that a property is no longer eligible results in a penalty of 10% of the total amount of the deferred taxes and interest thereon for each listing period for which the failure to report continues. Exceptions are made for loss of eligibility due to enrollment in a federal conservation reserve program. Variable exceptions are made if property loses its eligibility for present-use value classification because the property is conveyed to a nonprofit organization and qualifies for exclusion from the tax base or to the state, a political subdivision of the state, or the United States. Under the variable exemption, deferred taxes are due according to the following: (1) If the property is conveyed at or below present-use value, then no deferred taxes are due and the lien for the deferred taxes is extinguished, or (2) If the property is conveyed for more than present-use value, then a portion of the deferred taxes for the preceding 3 fiscal years are due and payable. The portion due is equal to the lesser of the deferred taxes or the deferred taxes multiplied by a fraction: the numerator is the sale price of the property minus the present-use value of the property and the denominator is the true value of the property minus the present-use value of the property.. Sources imported from Lincoln Institute agricultural treatment dataset.