Budget & Taxes

SB 821 removes a specific property at 86 Magellan Drive from the official boundaries of the Town of Waynesville. The bill ensures that any unpaid taxes or special assessments on this land before the change remain valid and can still be collected. Starting July 1, 2026, the property will no longer be subject to municipal taxes imposed by the town.

This bill removes a specific 18.93-acre parcel of land from the official boundaries of the City of Washington in Beaufort County, North Carolina. The property is defined by a detailed survey with precise coordinates and distances, and the change will take effect on June 30, 2026. Once the bill becomes law, the land will no longer be subject to municipal taxes imposed for taxable years beginning on or after July 1, 2026, although any outstanding tax liens from before that date will remain valid.

SB 846 removes two specific parcels of land from the official boundaries of the Town of Red Oak in North Carolina. The bill ensures that property owners within these parcels will no longer pay municipal taxes for the taxable year beginning July 1, 2026, and any future years. Additionally, the legislation clarifies that any outstanding tax liens or special assessments from before the effective date remain valid and can still be collected or enforced.

This bill proposes a constitutional amendment that would require the North Carolina legislature to establish a statewide limit on how much local property tax levies can increase each year. The measure also mandates that any local government wanting to raise property taxes beyond this limit must first obtain approval from a majority of voters in that specific area. Because this change alters the state constitution, it will not take effect immediately but will instead be placed on the November 3, 2026, ballot for voters to decide whether to adopt. If approved by the public, the amendment would legally bind the General Assembly to create the specific tax increase caps mentioned in the text.

HB 58 modifies local election rules across North Carolina. It extends Kittrell's mayor and commissioners' terms from two to four years, changes Asheboro's school board to seven partisan-elected members (down from 11) with four-year staggered terms, and eliminates a mandatory school funding floor for Scotland County. The bill also establishes residency districts for Anson County commissioners, clarifies vacancy procedures for Caswell County, and allows Scotland County to set school budgets without state-mandated funding minimums. These changes directly affect local governments and school boards in multiple counties, altering election structures and budget authority.