Brownfield Site
- An abandoned, idle or underused property where the threat of environmental contamination has hindered its redevelopment.
| Year | Percent of Appraised Value Excluded |
|---|
| Year 1 | 90% |
| Year 2 | 75% |
| Year 3 | 50% |
| Year 4 | 30% |
| Year 5 | 10% |
An active "Brownfield Agreement" must be filed with the NC Department of Environment and Natural Resources and the Registers of Deeds within the respective counties where the property resides.
Brownfield Agreement
- Specifies what has contaminated the property
- Specifies what structures (improvements) can be built
- Specifies any necessary actions needed to rehabilitate the property for the intended use.
Improvements must be 100% complete as of January 1st of the application year.
A timely application with a copy of the Brownfield Agreement for the property is to be submitted between January 1 and January 31. Late applications will be accepted for review if the Board of Equalization and Review approves the reason for the late submission.
Real Property Tax Exemption - Exclusion Application (PDF)
- If the application is approved, the owner will receive an exclusion of assessed value by the table shown above for five years, beginning with the year the application is made.
- Even if the ownership changes within the five-year time frame, the exclusion remains.
- Once the exclusion has been applied to an improvement, it cannot be excluded again following the expiration of the original agreement.
NC DEQ: Brownfield Program
NC General Statutes: 105-277.13