Current law requires, except as provided in GS 105-322, the board of equalization and review to consist of the members of the board of county commissioners, but authorizes the board of commissioners to appoint a special board of equalization and review to carry out the duties specified under GS 105-322.

Amends GS 105-322 to require that should the county commissioners appoint a special board of equalization and review, it must have at a minimum, five members. Specifies the following qualifications of persons eligible for appointment: (1) must be at least 18 years old; (2) must own at least one parcel of real property in the county of appointment; and (3) must have knowledge or experience in real estate, appraisal, or other activity satisfactory to the board of county commissioners. Provides that the assessor or the assessor's designee is to serve as clerk to the board of equalization and review. Provides that in order for the board of equalization and review to carry out its duties, the board chair may divide the board into two or more separate panels with a minimum of three members each in any year of general appraisal. Permits the board members on each panel to be interchangeable during the year. Provides that a decision by a panel has the same effect as a decision by the entire board. Amends the powers available to the board after its adjournment to include making any changes authorized under GS 105-325 and to exercise its authority under GS 105-282.1(a1) to accept an application for an exemption or exclusion after the statutory deadline.

Applies to Wake County only.