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).
Bill Summaries: H539 REVENUE NEUTRAL RATE REQUIRED.
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Bill H 539 (2025-2026)Summary date: Mar 26 2025 - View Summary