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Staff: 53% of Burke County land is exempt or deferred, costing about $12 million a year
Summary
A staff presentation showed roughly 53% of Burke County’s land is exempt or deferred from property tax, representing about $2.1 billion in assessed value and an estimated $12 million annually in lost revenue; the committee accepted the report unanimously and discussed outreach and audit steps.
A county presenter told a Burke County committee that roughly 53% of the county’s land is currently exempt or deferred from property tax, representing about $2.1 billion in assessed value and an estimated $12 million a year in lost revenue.
The presenter summarized map data showing taxable parcels in purple and exempt or deferred parcels in green and said, “Total exempt deferred value across the county is about $2,100,000,000 which results in a loss of Burke County revenue of roughly $12,000,000 a year that’s not taxed.” The map highlighted state and federal lands in South Mountain and Jonas Ridge and numerous nonprofits, churches and institutional properties inside the county’s developed areas.
Why it matters: county staff emphasized that the General Assembly — not local officials — controls which classes of property may be exempted. Speaker 1 explained that Article V of the North Carolina…
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