Effective only for the taxable year beginning July 1, 2026, prohibits every county in which a reappraisal of real property became effective as of January 1, 2026 (the “2026 Reappraisal”), from using the schedule of values adopted by the board of county commissioners in accordance with the 2026 Reappraisal. Directs those counties to instead use the schedule of values adopted in accordance with the county's most recent previous reappraisal effective prior to January 1, 2026. Effective for the taxable year beginning July 1, 2027, authorizes those counties who undertook a 2026 Reappraisal to use the schedule of values adopted in accordance with the 2026 Reappraisal until a new schedule of values is adopted. Specifies that every county that under a 2026 Reappraisal is deemed to have conducted its most recent appraisal effective January 1, 2027, for purposes of calculating the time for its next general reappraisal of real property. Authorizes taxpayers to appeal the listing or appraisal of real property during the 2027 calendar year for an appraisal of real property that became effective as of January 1, 2026.

Requires that a county assessor pay a $20 fee to the Department of Revenue for the comprehensive exam required under GS 105-294, which will be applied to the cost of administering the exam. Makes technical changes. Applies to examinations conducted on or after October 1, 2026.