105-274. Property subject to taxation.
(a) All property, real and personal, within the jurisdiction of the State shall be subject to taxation unless it is:
(1) Excluded from the tax base by a statute of statewide application enacted under the classification power accorded the General Assembly by Article V, 2(2), of the North Carolina Constitution, or
(2) Exempted from taxation by the Constitution or by a statute of statewide application enacted under the authority granted the General Assembly by Article V, 2(3), of the North Carolina Constitution.
(b) No provision of this Subchapter shall be construed to exempt from taxation any property situated in this State belonging to any foreign corporation unless the context of the provision clearly indicates a legislative intent to grant such an exemption. (1939, c. 310, ss. 303, 1800; 1961, c. 1169, s. 8; 1967, c. 1185; 1971, c. 806, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 12 - Property Subject to Taxation.
§ 105-274 - Property subject to taxation.
§ 105-275 - Property classified and excluded from the tax base.
§ 105-276 - Taxation of intangible personal property.
§ 105-277 - Property classified for taxation at reduced rates; certain deductions.
§ 105-277.01 - Certain farm products classified for taxation at reduced valuation.
§ 105-277.02 - Certain real property held for sale classified for taxation at reduced valuation.
§ 105-277.1 - Elderly or disabled property tax homestead exclusion.
§ 105-277.1B - Property tax homestead circuit breaker.
§ 105-277.1C - Disabled veteran property tax homestead exclusion.
§ 105-277.1D - (See note for repeal.) Inventory property tax deferral.
§ 105-277.1F - Uniform provisions for payment of deferred taxes.
§ 105-277.2 - Agricultural, horticultural, and forestland Definitions.
§ 105-277.3 - Agricultural, horticultural, and forestland Classifications.
§ 105-277.5 - Agricultural, horticultural and forestland - Notice of change in use.
§ 105-277.6 - Agricultural, horticultural and forestland - Appraisal; computation of deferred tax.
§ 105-277.7 - Use-Value Advisory Board.
§ 105-277.8 - Taxation of property of nonprofit homeowners' association.
§ 105-277.9 - Taxation of property inside certain roadway corridors.
§ 105-277.9A - (See note for repeal) Taxation of improved property inside certain roadway corridors.
§ 105-277.11 - Taxation of property subject to a development financing district agreement.
§ 105-277.12 - Antique airplanes.
§ 105-277.13 - Taxation of improvements on brownfields.
§ 105-277.14 - Taxation of working waterfront property.
§ 105-277.15A - Taxation of site infrastructure land.
§ 105-277.16 - Taxation of low-income housing property.
§ 105-277.17 - Taxation of community land trust property.
§ 105-278 - Historic properties.
§ 105-278.1 - Exemption of real and personal property owned by units of government.
§ 105-278.3 - Real and personal property used for religious purposes.
§ 105-278.4 - Real and personal property used for educational purposes.
§ 105-278.6 - Real and personal property used for charitable purposes.
§ 105-278.6A - Qualified retirement facility.
§ 105-278.8 - Real and personal property used for charitable hospital purposes.