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1983 PRESENT USE SCHEDULE-CABARRUS COUNTY (PER ACRE VALUES} LEVEL ROLL!HG ROUGH OPEN - Suitable for Cultivation - Good ~950 S850 $700 Fa!r 850 750 650 Poor 700 650 600 OPEN - Not Suirabl~ for Cultivation - Good 700 650 600 Pair 650 600 550 Poor 600 550 500 WASTELAND - Good 200 150 !00 Poop 150 125 !00 WOODLAND - Good 450 400 300 Fair 400 325 250 Poor 300 250 200 North Carolina General Statute 105-277.3 provides that the following classes of property are hereby designated special classes of property under authority of Article V, Sec. 2(2) of the North Carolina Constitution and shall be appraised, assessed and taxed as hereinafter provided: (1) Individually owned agricultural land, consisting of 10 acres or more and having gross income from the sale of agricultural products produced thereon (together with any payll~nts received under a governmental soil conservation or land retirement program) averaging one thousand dollars ($~,000) per year for each of the three years immediately preceding January ! of the year for which the benefit of this section is claimed. (2) Individually owned horticultural land, consisting of 10 acres or more and having gross income from the sale of horticultural products produced thereon (together with any payments received under a governmental soil conservation or land retirement program) averaging one thousand dollars ($1,000) per year for each of the three years immediately preceding January 1 of the year for which the benefit of this section is claimed. (3) Individually owned forestland~ consisting of 20 acres or more unless the property is included in a farm unit qualifying under G. S. 105-277.3(a)(!). In order to come within a classification described in subdivision (a)(1):(2) or (3), above, the property must, if o,,med by natural pepsons, also: (1) Be the owner's place of residence; or (2) Have been owned by the presen~ owner or by the owner's spouse, siblings, Or parents for the four years immediate]~ preceding January ~ of the year for which the benefit of this section is claimed. If owned by a corporation, the property must have been owned by the corporation or by one or more of its principal shareholders as defined iu G. S. ~05-277.2(~)b for the four years immediately preceding January 1 of the year for which the benefit of this sectiou is claimed. Notwithstanding the provisions of G. S. 105-277.2(q)b, above, a coPporation qualifying for a classification descPibed in G. $. 105-277.3 shall not lose the benefit of the classification by reason of the death of one of the principal shareholders provided the decedent's owuership passes to and remains in the surviving spouse or children.