What properties qualify for exemption or reduction of tax?
There are several classifications of “exempt” and “use value” property which are taxed at a deferred rate until they are sold or no longer qualify for exempt or value status (at which time the owner will be billed the deferred tax amount for the current year and the 3 prior years). Property can be exempt if it is used for educational, charitable or religious purposes. Property that is historical or used for farm or forestry purposes may qualify for the use value program. A property retains its historical status until destroyed. An application must be filled out with Surry County’s Tax Office.
