Amends GS 105-275 to establish as a special class of property excluded from tax any real or personal property belonging to the NC Cattlemen's Association and any local cattlemen's association, regardless of affiliation, when used for purposes consistent with the Association's mission, including the provision of facilities by the Association for use of buying or selling cattle. Limits the exclusion only to the extent monies received by the Association do not exceed the reasonable expenses incurred in providing the facility. Includes in the class additional adjacent real property necessary for the convenient normal use of the buildings on the described property. Includes in the class a part of a property that meets the exclusive use requirements for this class. Applies to taxable years beginning on or after July 1, 2023.