Property that is in a development financing district established pursuant to N.C. Gen. Stat. § 160A-515.1 or N.C. Gen. Stat. § 158-7.3 and that is subject to an agreement entered into pursuant to N.C. Gen. Stat. § 159-108, shall, pursuant to Article V, Section 14 of the North Carolina Constitution, be assessed for taxation at the greater of its true value or the minimum value established in the agreement.(2003-403, s. 21.)