RALEIGH, N.C. (NCN News) – Governor Josh Stein has signed a bill which places limits on property tax increases.
Stein signed the moratorium which applies to counties with reappraisals that became effective on Jan. 1, 2026. It would temporarily prohibit those counties, particularly, those with populations of 15,000 or more, from applying the new reappraisals to property tax bills.
“The cost of living is too high. This law provides tax relief for North Carolinians who are feeling pain in their pocketbooks.” Stein said in a press release. “But the law helps residents in only a few counties, and it is not our most effective method of lowering costs. We must make life more affordable, which is why I’m pushing to cut taxes for working and middle class families and lower housing, electricity, child care, and health care costs.
“I am concerned about this law’s impact on Hurricane Helene recovery in Buncombe County. Senate Bill 474 would shield Buncombe County and other jurisdictions recovering from the storm, and I urge the Senate to pass it.”