What do prospective developers or property owners have to do to get the BF tax exclusion?
The owner should make a one-time application as required under G.S. 105-282.1(a)(2).c. It should be noted that documentation should be provided to the assessor’s office to show that the property is eligible for the exclusion. This would include providing a copy of the brownfields agreement with the application as well as documentation that the improvements have been completed.
