Be a North Carolina resident. Check if you are eligible for the Homestead Tax Exemption.AV-10 Application is for property classified and excluded from the tax base under North Carolina General Statute. 2. Homestead exemptions. (1) Exemption from sale; exceptions. Typically, this value will increase annually. This program is known in North Carolina as Present Use Value (PUV), and it is perhaps the most beneficial tax program for owners of rural property. This military exemption is available only in Wayne County--not the surrounding counties. All communities and school districts participate in the Delinquent Tax Revolving Fund program. Connect with your local Farm Service Agency, Natural Resources Conservation Service, and Rural Development employees.