Bill Summary for S 889 (2025-2026)
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| View NCGA Bill Details | 2025-2026 Session |
AN ACT REQUIRING CERTAIN COUNTIES WITH REAPPRAISALS EFFECTIVE AS OF JANUARY 1, 2026, TO USE A SCHEDULE OF VALUES ADOPTED PRIOR TO THAT DATE FOR THE 2026-2027 FISCAL YEAR, REQUIRING THOSE COUNTIES TO USE THE 2026 SCHEDULE OF VALUES FOR 2027-2028 AND FUTURE FISCAL YEARS UNTIL THE COUNTY'S NEXT GENERAL REAPPRAISAL, AND REQUIRING COUNTY ASSESSORS TO PAY AN EXAMINATION FEE.Intro. by Berger, Jackson, Jarvis.
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Bill summary
Senate amendment to the 1st edition makes the following changes. Makes conforming changes to act’s long title.
Requires only counties with a population of 15,000 or more to not use the schedule of values adopted by the board of county commissioners in accordance with a reappraisal of real property that became effective as of January 1, 2026 (was, applied to all counties). Allows a taxpayer that fails to appeal an appraisal of real property that became effective on January 1, 2026, during the 2026 tax year in the 2027 tax year so long as the property was located in a county of 15,000 or more. Requires counties to accept such timely appeals and specifies that any adjustment made during the appeals process is effective for the taxable year beginning on July 1, 2027.