News & Observer | newsobserver.com | Tax breaks could offer hope to state's working waterfront

Published: Jul 16, 2006 12:30 AM
Modified: Jul 16, 2006 01:51 AM

Tax breaks could offer hope to state's working waterfront

 

Story Tools

Advertisements
The state legislature is considering a tool to slow the disappearance of traditional waterfront businesses such as fish houses, the same kind of property-tax break that farmers can get.

And activists are pondering a system to pay owners for agreements not to sell to developers.

If the tax measure passes as now worded, working waterfront property would be taxed based on its value for its current use rather than the higher value for development. Owners would be liable for the difference and interest if they sold the property or used it for a purpose that didn't qualify as working waterfront.

It is hard to judge how many would use the measures or how effective they would be, but some say that more fish houses will inevitably close before they can even be tried. The voluntary tax relief wouldn't be available until the next fiscal year beginning July 1.

"I don't see any quick fix for any of it," said Brent Fulcher, president of B&J Seafood in New Bern, which he said was losing money.

Sean McKeon, head of the N.C. Fisheries Association, said that fish house owners should be cautious about selling development rights.

He compared the idea with paying farmers for agreements not to develop their land, something that has grown increasingly common.

"So, the family gets, say, $200,000, and they've got that cash infusion, but once it's gone, maybe they're right back to the same problems they had before with paying the bills, and now their farm is worth less to sell," he said.

Not all the fish house owners who would consider selling, though, are losing money, and some would stay in business if the big check from a developer looked less attractive, said Barbara Garrity-Blake, a Carteret County anthropologist and member of the state fisheries commission.

"We should make options available to people, and they can take them or not," she said. "No one is going to cram it down their throat."

She said property tax relief should be available for homeowners in coastal communities, as it is in Maine for folks whose incomes are low compared with the values of their homes. Soaring property tax bills are one more pressure for the fishing industry and one more way the boom threatens traditional communities, she said.

Get $150+ in coupons in every Sunday N&O. Click here for convenient home delivery.

All rights reserved. This copyrighted material may not be published, broadcast or redistributed in any manner.
No comments have been posted for this story. Log in to be the first to comment.
 

 

The News & Observer is pleased to be able to offer its users the opportunity to make comments and hold conversations online. However, the interactive nature of the internet makes it impracticable for our staff to monitor each and every posting.

Since The News & Observer does not control user submitted statements, we cannot promise that readers will not occasionally find offensive or inaccurate comments posted on our website. In addition, we remind anyone interested in making an online comment that responsibility for statements posted lies with the person submitting the comment, not The News and Observer.

If you find a comment offensive, clicking on the exclamation icon will flag the comment for review by the administrators, we are counting on the good judgment of all our readers to help us.

Hosting Partners of
newsobserver.com

A subsidiary of The McClatchy Company