Bill Summaries: H598 (2023-2024 Session)

  • Summary date: Apr 13 2023 - View summary

    Amends GS 105-284 (the uniform assessment standard) to cap taxes levied on real property by a county, municipality, or other taxing district at 1% of the property’s assessed value unless otherwise authorized by Subchapter II of GS Chapter 105 (pertaining to listing, appraisal, and assessment of property and collection of taxes on property). Effective for taxes imposed for taxable years beginning on or after July 1, 2023.