NC S233

Amends G.S. 105-278.7 to modify the exemption for property used for charitable purposes.

Allows partial property exemption from taxation if part of a property meets charitable use requirements and the remainder is vacant, instead of requiring exclusive use of the entire property.

Exempts the valuation of the whole property from taxation when the occupied portion qualifies for exemption under subsection (a) requirements.

Effective for taxes imposed for taxable years beginning on or after July 1, 2011.