Originally published February 28 by Elevation Strategies
Reprinted with permission

Property taxes are a hot topic in Raleigh right now. The NC House Select Committee on Property Tax Reduction and Reform has held several meetings, and NC Senator Phil Berger also recently announced a task force in the NC Senate to examine property taxes.

Earlier this week Senator Phil Berger announced that he intends to file legislation to place a moratorium on all property revaluations in North Carolina, allowing the legislature more time to study potential policy reforms. We are told that this would make it so that local governments could not use new property revaluations to set their tax rates while the moratorium is in effect, and this would apply retroactively to local governments that have already done revaluations this year.

The primary impetus for legislative interest in property taxes are the various property revaluations that are happening around the state, where property values are increasing by considerable amounts, causing many people to feel alarmed by potential increases in their property tax bills. This has caused many people to contact state legislators for help, resulting in the current discussions on potential legislative action.

In addition to the moratorium proposed by Senator Berger, there are other concepts being discussed, including what type of properties should be exempt from taxation; possible expansion of targeted tax breaks (e.g. enhanced breaks for elderly, disabled, veterans, etc.); and potential limits on how much property tax bills can increase over a period of time. We will continue to track these discussions as we move closer to the 2026 legislative session.