Originally published April 25, 2026, by Elevation Strategies
Reprinted with permission from Elevation Strategies

Although the NC General Assembly usually doesn't get involved in property tax discussions, this year is different. Various local property revaluations this year have resulted in property values going up by fairly significant margins, resulting in citizens reaching out to legislators asking for help.

As a reaction, the NC House established the House Committee on Property Tax Reduction and Reform, which has proposed a constitutional amendment requiring the NC General Assembly to set some form of limitation on property tax increases. The proposed amendment would need to clear the House and Senate by a super-majority vote in each chamber, and then be submitted to the voters for approval in the November election.

The proposed amendment does not prescribed policy specifics, but rather would direct the legislature to take some form of action (which would happen in 2027, assuming the amendment is approved by voters). It is believed, however, that the legislature would establish a percentage cap on how much property tax bills could increase over a specific period of time.

Meanwhile, the NC Senate Pro Tem Phil Berger has announced that he plans to file legislation that would establish a one year moratorium on property revaluations, preventing local governments from using property revaluation assessments (including those that were released earlier this year) from being considered while the moratorium is in effect.

This happens as local governments seek to maintain autonomy on setting property tax rates locally, citing inflation and increased operational costs that are impacting their local budgets.