An abandoned, idle or underused property where the threat of environmental contamination has hindered its redevelopment.
Percent of Appraised Value Excluded
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.
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.