Defines the value of a self-service storage facility (defined) for purposes of taxation at its true value under GS 105-284 (uniform assessment standard) as based upon the land on which the facility is situated and any improvement thereon, less normal depreciation and obsolescence, and exclusive of business intangible value (defined).  Effective for taxes imposed for taxable years beginning on or after July 1, 2026.

Statutes affected:
Filed: 105-284