Bill Summary for H 539 (2025-2026)

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Summary date: 

Mar 26 2025

Bill Information:

View NCGA Bill Details(link is external)2025-2026 Session
House Bill 539 (Public) Filed Wednesday, March 26, 2025
AN ACT TO REQUIRE UNITS OF LOCAL GOVERNMENT TO ADOPT A REVENUE NEUTRAL TAX RATE IN THE YEAR OF A GENERAL REAPPRAISAL.
Intro. by Blust.

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Bill summary

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).