Removes specified properties from the corporate limits of the Town of Black Mountain. This act has no effect on the validity of any liens of the town of Black Mountain for ad valorem taxes or special assessments outstanding before the effective date of this act, and such liens may be collected or foreclosed upon after the effective date of this act as though the property were still within the town's corporate limits. Effective June 30, 2018. Properties in the described territory as of January 1, 2018, are no longer subject to municipal taxes for taxes imposed on taxable years beginning on or after July 1, 2018. 

Adds specified properties, including those removed from Black Mountain above, to the corporate limits of the Town of Montreat. Effective June 30, 2018. Properties in the described territory as of January 1, 2018, are subject to municipal taxes for taxes imposed for taxable years beginning on or after July 1, 2018.