{"data":{"id":"us-nc/n.c.-gen.-stat.-121-40","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 121-40","heading":"Assessment of land or improvements subject to agreement.","body":"For purposes of taxation, land and improvements subject to a conservation or preservation agreement shall be assessed on the basis of the true value of the land and improvement less any reduction in value caused by the agreement. (1979, c. 747, s. 7.)","path":["Chapter 121. Archives and History.","Article 4. Conservation and Historic Preservation Agreements Act."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_121/GS_121-40.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:19:02Z","sha256":"59c020e413ca42bcb23e5cb8c96b653d551828e4c2ebb4a759dece8e28f477d9","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-121-39.1","next":"us-nc/n.c.-gen.-stat.-121-41"},"notice":"GroundRules: Original legal text. Not legal advice."}