NC Lawmakers Push Property Tax Cap Amendment
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
North Carolina lawmakers, led by Representative Erin Pare, propose a constitutional amendment to cap local property tax increases, aiming to provide homeowners budget predictability and avoid surprise hikes. The measure, supported by both Republicans and Democrats, would direct the General Assembly to set limits on tax rises, though the exact cap amount is yet to be decided. Public feedback has shaped the draft bill, which also targets property tax exemptions costing local governments over one point seven billion dollars yearly. Senate leader Phil Berger plans a bill to pause revaluations for a year, setting the stage for broader property tax changes in the upcoming short session.
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