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North Carolina Lawmakers Propose Property Tax Cap for November Vote

3/27/2026

Summary

Story summary

North Carolina lawmakers are debating a constitutional amendment to impose a levy limit on local property taxes, capping the total revenue municipalities can raise annually to address rising taxes affecting homeowners, especially seniors on fixed incomes.
If approved, the amendment would appear on the November ballot and bypass a gubernatorial veto.
The House Select Committee on Property Tax Reduction and Reform discussed the amendment.
Critics express concerns about potential negative impacts on different counties and the proposal's complexity.
A vote on the draft is scheduled for April 15.

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Story summary

North Carolina lawmakers are debating a constitutional amendment to impose a levy limit on local property taxes, capping the total revenue municipalities can raise annually to address rising taxes affecting homeowners, especially seniors on fixed incomes.
If approved, the amendment would appear on the November ballot and bypass a gubernatorial veto.
The House Select Committee on Property Tax Reduction and Reform discussed the amendment.
Critics express concerns about potential negative impacts on different counties and the proposal's complexity.
A vote on the draft is scheduled for April 15.