North Carolina Lawmakers Propose Moratorium on Property Tax Revaluations to Ease Homeowner Burden
In response to rising home values, North Carolina lawmakers have introduced the Property Tax Revaluation Moratorium Bill (SB 889), which aims to delay the impact of new property appraisals on tax bills for one year. This bill, if passed, would require counties that completed property reappraisals in 2026 to use older property values for the upcoming tax year, postponing the use of updated values until 2027. State Senator Steve Jarvis, a key proponent of the bill, highlighted the significant increases in property values in counties like Davidson and Guilford, which have seen reappraisals rise by 65% and over 50%, respectively. The bill seeks to provide homeowners with temporary relief from potentially steep tax increases and allow the General Assembly more time to consider broader property tax reforms. 
