Orange County NC Website
• Support the transfer of density within a jurisdiction as the simplest and potentially most <br />equitable method for shifting development toward and away from certain areas. <br />Support legislative authority for pilot programs at the local Ievel for use of transfer of <br />development rights program with a review of the program after a certain period of time. <br />Objective 4A.2: Expand application of the present use value system. <br />• Allow local governments, at their option, to establish additional categories of land use to <br />qualify for present use value taxation. <br />'Objective 4A.3: Grant local governments equivalent taxing authority. <br />Grant to all local governments the taxing powers already allocated to some local <br />governments. <br />■ Allow local governments to expand their taxing options subject to voter approval for <br />purposes of protecting open space through application of impact fees and taxes, increased <br />real estate transfer and local option sales taxes, prepared meal and other levies. <br />Objective 4AA: Promote planning. <br />Give preference in providing state matching and grant funds to jurisdictions with adopted <br />Park and Open Space plans, farmland preservation plans, watershed protection plans, <br />stormwater management and other natural resource protection plans. <br />B. ' PROMOTE CONSERVATION EASEMENTS <br />Objective 413.1: Broaden means of extending tax benefits to conserved land. <br />■ Automatically qualify land subject to conservation easements at present use value rate. <br />■ Allow counties and municipalities to defer or eliminate property taxes on private properties <br />that are subject to conservation easements. <br />Grant counties the ability to qualify low - impact forest conservation plans for present use <br />value taxation. <br />Objective 4B.2: Improve Conservation Tax Credit program. <br />■ Increase to 10 years the period to recover allowable state income tax credits for land <br />conservation. <br />■ Expand categories of land qualifying for the conservation tax credit to include all types of <br />environmentally significant land resources. <br />16 <br />