Property tax reappraisals given 1-year moratorium

(The Center Square) – Property tax reappraisals will have a one-year moratorium in North Carolina.

First-term Democratic Gov. Josh Stein late Friday afternoon added his signature to Property Tax Reappraisal Moratorium, known also as Senate Bill 889. The measure stops property tax revaluation changes throughout the state this year and allows them to happen in 2027.

Only a portion of the state’s 100 counties are impacted.

The governor also signed UNC Omnibus & Capital Contracting Law Changes, known also as House Bill 1123. While the property tax bill was on its ninth of a 10-day window for action, the other legislation arrived Thursday.

Reappraisals are required at least once every eight years, and some counties do so more frequently.

A fiscal note on an earlier edition of SB889 listed Bladen, Buncombe, Chowan, Clay, Davidson, Guilford, Harnett, Onslow, Pamlico, Pender and Scotland counties with revaluations scheduled to be effective this past Jan. 1. A separate bill, Adjust Counties/Reappraisal...