REVENUE NEUTRAL RATE REQUIRED.

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View NCGA Bill Details(link is external)2025-2026 Session
House Bill 539 (Public) Filed Wednesday, March 26, 2025
AN ACT TO REQUIRE UNITS OF LOCAL GOVERNMENT TO ADOPT A REVENUE NEUTRAL TAX RATE IN THE YEAR OF A GENERAL REAPPRAISAL.
Intro. by Blust.
Status: Ref to the Com on State and Local Government, if favorable, Finance, if favorable, Rules, Calendar, and Operations of the House (House action) (Mar 27 2025)

Bill History:

H 539

Bill Summaries:

  • Bill H 539 (2025-2026)
    Summary date: Mar 26 2025 - View Summary

    Adds a provision to GS 159-13 (budget ordinances), specifying that for every year in which a general reappraisal of real property has been conducted in a local government, the budget ordinance of that local government will levy taxes on property for that year at the revenue-neutral tax rate set out in GS 159-11(e).

    Government, Tax, Local Government
    GS 159
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