NC S486

Requires release of subdivided property parcels from tax liens upon payment of all taxes due, changing prior law that allowed such release at the tax collector's discretion.

Mandates county assessor provide valuation of subdivided parcel within 10 business days of written request.

Requires full payment of past-due taxes on parent parcel, taxes on subdivided portion, plus penalties, interest, and costs, as well as all personal property taxes owed by the owner for that year.

Permits tax collector to deny release only upon showing of good cause based on the property owner's tax payment history.

Effective for taxes imposed for taxable years beginning on or after July 1, 2012.