Agenda - 05-24-1993 - C 6d - Laserfiche WebLink

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• 203 (b Such agreements shall entitle representatives of the holder to enter the involved land or improvement in a reasonable manner and at reasonable times to assure compliance. (1979, c. 747, s. 6.) § 121-40. Assessment of land or improvements sub- ject to agreement. For purposes of taxation, land and improvements subject to a conservation or preservation agreement shall be assessed on the basis of the true value of the land and improvement less any reduc- tion in value caused by the agreement. (1979, c. 747, s. 7.) Legal Periodicals. — For an article For an article entitled, "The North entitled, "Preservation Law 1976-1980: Carolina Historic Preservation and Con- Faction, Property Rights and Ideology," serration Agreements Act: Assessment see 11 N.C. Cent. L.J. 276 (1980). and Implications for Historic Preserva- tion," see 11 N.C. Cent. L.J. 362 (1980). CASE NOTES To find the true value of property the conservation easements. Determin- subject to conservation easements, ing the highest and best use of the prop- the State Property Tax Commission arty prior to the granting of the ease- must determine the market value prior ment is a critical part of the appraisal to the granting of the easements and process.Rainbow Springs Partnership v. then reduce that value by applying a County of Macon,— N.C. App. —, 339 damage factor caused by the granting of. S.E.2d 681 (1986). § 121-41. Public recording of agreements. (a) Conservation agreements shall be recorded in the office of the Register of Deeds of the county or counties in which the subject land or improvement is located, in the same manner as deeds are now recorded. (b) Releases or terminations of such agreements shall be re- corded in the same waiver. Releases or terminations, or the record- ing entry, shall appropriately identify by date, parties, and book and pages of recording, the agreement which is the subject of the release or termination. (1979, c. 747, s. 8.) Legal Periodicals. — For an article ments Act:Assessment and Implications entitled, "The North Carolina Historic for Historic Preservation," see 11 N.C. Preservation and Conservation Agree- Cent. L.J. 362 (1980). § 121-42. Citation of Article. This Article shall be known and may be cited as "Uniform Con- servation and Historic Preservation Agreement Act." (1979, c. 747, s. 9.)