Amends GS 105-317 (applicable to counties) and GS 105-328 (applicable to towns and cities) by requiring the assessor, within 30 days of completing the revaluation of real property, to see that notice of the following is given to the owner in writing: (1) the appraised value of the property based upon the most recent revaluation, (2) the appraised value of the property based upon the revaluation immediately preceding the most recent revaluation, (3) the percentage increase or decrease between those two values, (4) the total ad valorem tax due on the property in the year immediately preceding the most recent revaluation, (5) the total ad valorem tax that would be due on the property based on the appraised value of the property pursuant to the most recent revaluation and the property tax rate applicable in determining number 4 above, (6) the annual property tax revenue for the county/city or town for revalued real property for every year of the prior revaluation cycle, and (7) the projected annual property tax revenue for the county/city or town for the revalued real property based on the appraised value of the property pursuant to the most recent revaluation in the county/city or town and the property tax rate applicable in determining number 4 above.