Form AV-65 Builder Property Tax Exclusion - North Carolina

Form AV-65 Builder Property Tax Exclusion - North Carolina

What Is Form AV-65?

This is a legal form that was released by the North Carolina Department of Revenue - a government authority operating within North Carolina. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form AV-65?
A: Form AV-65 is a form used in North Carolina to apply for the Builder Property Tax Exclusion.

Q: What is the Builder Property Tax Exclusion?
A: The Builder Property Tax Exclusion is an exclusion that allows builders to temporarily exclude the value of improvements made to real property from property taxes.

Q: Who can apply for the Builder Property Tax Exclusion?
A: Builders who meet certain criteria can apply for the Builder Property Tax Exclusion.

Q: What are the criteria to qualify for the Builder Property Tax Exclusion?
A: To qualify for the Builder Property Tax Exclusion, the builder must have legal or equitable title to real property, be actively engaged in the business of building or renovating residential or commercial property, and meet certain time limits and requirements.

Q: What should I do with Form AV-65?
A: You should complete and submit Form AV-65 to your local county tax office.

Q: When should I submit Form AV-65?
A: Form AV-65 should be submitted to your local county tax office within 30 days of the start of construction or renovation.

Q: Is there a fee to submit Form AV-65?
A: No, there is no fee to submit Form AV-65.

Q: How long does the Builder Property Tax Exclusion last?
A: The Builder Property Tax Exclusion lasts for a period of three years.

Q: Can the Builder Property Tax Exclusion be renewed?
A: Yes, the Builder Property Tax Exclusion can be renewed for an additional three-year period if the builder continues to meet the criteria and requirements.

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Form Details:

  • Released on January 1, 2020;
  • The latest edition provided by the North Carolina Department of Revenue;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;

Download a fillable version of Form AV-65 by clicking the link below or browse more documents and templates provided by the North Carolina Department of Revenue.

Download Form AV-65 Builder Property Tax Exclusion - North Carolina

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