BC 2011 10 17 Regular Meeting - Laserfiche WebLink

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October 17, 2011 (Regular Meeting) Page 709 be appraised under the use -value schedules as wasteland. A forest unit may consist of more than one tract of forestland, but at least one of the tracts must meet the requirements in G.S. 105 -277.3 (a) (3), and each tract must be under a sound management program. (3) Horticultural land. - Land that is a part of a horticultural unit that is actively engaged in the commercial production or growing of fruits or vegetables or nursery or floral products under a sound management program. Horticultural land includes woodland and wasteland that is a part of the horticultural unit, but the woodland and wasteland included in the unit must be appraised under the use -value schedules as woodland or wasteland. A horticultural unit may consist of more than one tract of horticultural land, but at least one of the tracts must meet the requirements in G.S. 105- 277.3(a)(2), and each tract must be under a sound management program. If the horticultural land includes less than 20 acres of woodland, then the woodland portion is not required to be under a sound management program. Also, woodland is not required to be under a sound management program if it is determined that the highest and best use of the woodland is to diminish wind erosion of adjacent horticultural land or protect water quality of adjacent horticultural land. Land used to grow horticultural and agricultural crops on a rotating basis or where the horticultural crop is set out or planted and harvested within one growing season, may be treated as agricultural land as described in subdivision (1) of this section when there is determined to be no significant difference in the cash rental rates for the land. Land Model 05 - Present Use Valuation PRESENT USE VALUE SCHEDULE - NC Use -Value Advisory Board AGRICULTURE RENTS: MLRA BEST AVERAGE 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. HORTICULTURE 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 BEST AVERAGE FAIR 136 $ 81.10 $ 52.80 $ 36.50 HORTICULTURE SCHEDULE MLRA CLASS I CLASS II 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.