Bill Summary for H 539 (2025-2026)
Printer-friendly: Click to view
Summary date:
Mar 26 2025
Bill Information:
View NCGA Bill Details(link is external) | 2025-2026 Session |
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.
View: All Summaries for Bill | Tracking: |
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).