North Carolina Proposes Constitutional Amendment to Limit Local Property Tax Levies

The North Carolina Legislature is proposing a constitutional amendment that would modify Article V, Section 2 to require the General Assembly to enact property tax levy limits for local governments. The amendment would mandate general laws that limit how much local government property tax levies may increase, with allowable exceptions. The proposal will be submitted to voters at the statewide election to be held in November 2026. [H.B. 1089, adopted 05/21/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.