House committee substitute to the 3rd edition removes the content of the previous edition and replaces it with the following. Changes the act’s titles.

Provides that if Senate Bill 899 (Property Tax Reappraisal Moratorium) becomes law, then Section 1 of that act is amended as follows. Makes Section 1, with the following changes, applicable only to counites with a reappraisal of real property that became effective as of January 1, 2026, that do not: (1) have a population of less than 12,000; (2) are in the year designated in GS 105-286(a)(2)a (which requires a county with a population of 75,000 or greater to reappraise real property when the county's sales assessment ratio is less than .85 or greater than 1.15, effective no later than January 1 of the third year following the year the county received the notice) and have a population of less than 150,000; (3) have levied a property tax rate in excess of $0.95 per $100 of appraised value of property subject to tax at any point in the prior four years; or (4) are in affected areas, as defined in Section 1.4 of SL 2025-2 (counties designated before, on, or after the effective date of that act under a major disaster declaration by the President as a result of Hurricane Helene).

Prohibits, beginning July 1, 2026, a county (removing the previous population threshold) from using the schedule of values adopted by the board of county commissioners that became effective as of January 1, 2026, and instead requires using the schedule adopted according to the county’s most recent previous reappraisal effective before January 1, 2026.

Requires all counties (removes the previous population threshold), effective for taxable years beginning July 1, 2027, to use the schedule of values adopted by the board of county commissioners according to the January 1, 2026, reappraisal until the adoption of a new schedule of values under a future reappraisal by the county. Makes conforming changes to provisions concerning the base calculation and property tax appeals.

Senate committee substitute to the 1st edition makes the following changes. 

Adds that the State Auditor must organize and administer the Division of Accountability, Value, and Efficiency (DAVE) in a way that is necessary to conduct the Division's work accordingly. No longer specifies the NCGA's intent to further clarify the Division's organization, powers, and duties in a future enactment. Adds that the Division may annually require a report from any or all State agencies on the information required under the act and may reassess that information annually, based on the act's provisions, and report on the results of the assessment to the NCGA. Adds that the act expires on December 31, 2028, and terminates the Division at that time.