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S178 • 2025

Assessment of Self-Storage Facilities.

Assessment of Self-Storage Facilities.

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Johnson
Last action
2025-02-27
Official status
Ref To Com On Rules and Operations of the Senate
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Assessment of Self-Storage Facilities.

Assessment of Self-Storage Facilities.

What This Bill Does

  • Assessment of Self-Storage Facilities.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2025-02-27 Senate

    Ref To Com On Rules and Operations of the Senate

  2. 2025-02-27 Senate

    Passed 1st Reading

  3. 2025-02-26 Senate

    Filed

Official Summary Text

Assessment of Self-Storage Facilities.

Current Bill Text

Read the full stored bill text 
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2025
S 1
SENATE BILL 178

Short Title: Assessment of Self-Storage Facilities. (Public)
Sponsors: Senator Johnson (Primary Sponsor).
Referred to: Rules and Operations of the Senate
February 27, 2025
*S178-v-1*
A BILL TO BE ENTITLED 1
AN ACT TO MODIFY THE UNIFORM ASSESSMENT STANDARD FOR SELF-SERVICE 2
STORAGE FACILITIES. 3
The General Assembly of North Carolina enacts: 4
SECTION 1. G.S. 105-284 reads as rewritten: 5
"§ 105-284. Uniform assessment standard. 6
(a) Except as otherwise provided in this section, all property, real and personal, shall be 7
assessed for taxation at its true value or use value as determined under G.S. 105-283 or 8
G.S. 105-277.6, and taxes levied by all counties and municipalities shall be levied uniformly on 9
assessments determined in accordance with this section. 10
… 11
(e) The assessed value of self -service storage facility property is taxable in accordance 12
with this subsection. As used in this subsection, "self-service storage facility " has the same 13
definition as provided in G.S. 44A-40. The assessed value of self-service storage facility property 14
shall be determined based upon the land on which the facility is situated and any improvements 15
thereon, less normal depreciation and obsolescence, and exclusive of business intangible value. 16
For purposes of this subsection, "business intangible value " is any value in excess of the 17
depreciated replacement cost of the improvements and the value of the land." 18
SECTION 2. This act is effective for taxes imposed for taxable years beginning on 19
or after July 1, 2026. 20