Senate committee advances ‘Truth in Taxation’ bill

By: Greg Childress

Outlets: North Carolina Newsline

Published: June 16, 2026

Words: 447

Last Updated: 1 month, 1 week ago

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A Senate committee on Tuesday advanced a bill that would prohibit local governments from adopting a property tax rate exceeding the revenue-neutral tax rate after a tax revaluation unless they publicize their intent to do so.

To avoid raising property owners’ tax bills after a tax reappraisal, local governments can lower their overall property tax rate to offset the increase in values, so they’re collecting the same amount of revenue. That’s what’s known as a …

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