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North Carolina voters could decide property tax limits in November
Summary
A proposed constitutional amendment to cap annual property tax increases advanced from a House committee and may reach the November ballot; the full legislature reconvenes next week.
Content
Lawmakers are considering a constitutional amendment to cap how much local property tax bills can increase each year. The proposal has drawn attention because local officials say limits could affect funding for services such as schools, roads and first responders. The measure advanced from a committee this week and now moves to the full House.
Key points:
- A committee organized by House Speaker Destin Hall advanced the proposed amendment over objections from some Democrats.
- Approval in the legislature would require a three-fifths majority and also needs agreement from the state Senate.
- The full General Assembly reconvenes in Raleigh next week and will continue consideration.
Summary:
The proposal would change the constitutional rules governing annual increases in local property tax bills and has prompted debate about effects on local budgets and services. Further legislative action is required before it could appear on the ballot, and lawmakers will resume work when the legislature reconvenes next week.
