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CABARRUS COUNTY 2012 APPRAISAL MANUAL Land Model 05 - Present Use Valuation PRESENT USE VALUE SCHEDULE — NC Use -Value Advisory Board AGRICULTURE RENTS: MLRA BLST AVLRAGL FAIR 136 $56.20 $ 38.30 $ 24.90 AGRICULTURAL SCHEDULE MLRA CLASS I CLASS II CLASS III 136 $ 865 $ 590 $ 385 NOTE: All Class 4 or Non - Productive Land will be appraised at $40.00 per acre. Rents were divided by a capitalization rate of 6.5% to produce the Agricultural Schedule. : 191 A I [oil] IN 01:7d All horticultural crops requiring more than one growing season between planting or setting out and harvest, such as Christmas trees, ornamental shrubs and nursery stock, apple and peach orchards, grapes, blueberries, strawberries, sod and other similar horticultural crops should be classified as horticulture regardless of where located in the state. All other horticultural crops such as tomatoes, squash, cucumbers, etc., planted or set out and harvested on an annual basis should be classified as agriculture. HORTICULTURE RENTS MLRA BLST AVERAGE FAIR 136 S 81.10 S 52.80 S36.50 HORTICULTURE SCHEDULE MLRA CLASS I CLASS ll CLASS III 136 $1,250 $810 $560 NOTE: All Class 4 or Non - Productive Land will be appraised at $40.00 per acre. Rents were divided by a capitalization rate of 6.5% to produce the Horticulture Schedule. FORESTRY FORESTRY NET PRESENT VALUES MLRA Class I Class II Class III Class IV Class V 136 S43.78 S27.51 S21.65 S11.90 S10.53 FORESTRY SCHEDULE MLRA Class I Class II Class III Class IV Class V 136 $485 $305 $240 $130 $115 All Class VI or Non - Productive Land will be appraised at $40.00 per acre. Net Present Values were divided by a capitalization rate of 9.00% to product the Forestland Schedule. Cabarrus County — 2012 Revaluation PRESENT USE VALUATION 4a- 2 Attac1W9nnjimber 7 G -3 Page 353