North Carolina law would reduce property tax on finished, unsold homes

Printer-friendly version

If passed, one builder says he can save $750 to $1,250 per home

July 09, 2015

North Carolina homebuilders would pay far less property tax on finished homes before they are sold, according to a bill in the state Legislature.

The state House passed a measure to tax the builders based on the value of the lot, not the home. One builder told The Charlotte Observer he would save $750 to $1,250 per house if the Senate also approves the bill and the governor signs it. The bill is meant to be an incentive for builders to do construct more homes.

Read more

Comments on: "North Carolina law would reduce property tax on finished, unsold homes"

August 2017

This Month in Professional Builder

Overlay Init