KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

Back to North Carolina

S615 • 2025

Property Tax Rate Transparency Act.

Property Tax Rate Transparency Act.

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Johnson, Daniel
Last action
2025-03-25
Official status
Held As Filed
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Property Tax Rate Transparency Act.

Property Tax Rate Transparency Act.

What This Bill Does

  • Property Tax Rate Transparency Act.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2025-03-25 Senate

    Held As Filed

  2. 2025-03-25 Senate

    Filed

Official Summary Text

Property Tax Rate Transparency Act.

Current Bill Text

Read the full stored bill text 
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2025
S D
SENATE BILL DRS45308-NIf-58D

Short Title: Property Tax Rate Transparency Act. (Public)
Sponsors: Senators Johnson and Daniel (Primary Sponsors).
Referred to:

*DRS45308-NIf-58D*
A BILL TO BE ENTITLED 1
AN ACT TO REQUIRE UNITS OF LOCAL GOVERNMENT TO VOTE ON THE ISSUE OF 2
WHETHER TO ADOPT A REVENUE -NEUTRAL TAX RATE IN THE YEAR OF A 3
GENERAL REAPPRAISAL. 4
The General Assembly of North Carolina enacts: 5
SECTION 1. G.S. 159-13 reads as rewritten: 6
"§ 159-13. The budget ordinance; form, adoption, limitations, tax levy, filing. 7
… 8
(c) The budget ordinance of a local government shall levy taxes on property at rates that 9
will produce the revenue necessary to balance appropriations and revenues, after taking into 10
account the estimated percentage of the levy that will not be collected during the fiscal year. The 11
budget ordinance of a public authority shall be balanced so that appropriations do not exceed 12
revenues. 13
(c1) For every year in which a general reappraisal of real property is conducted in a local 14
government, the governing board of that local government shall vote on the issue of whether to 15
levy taxes on property for that year at the revenue-neutral tax rate set out in G.S. 159-11(e). If a 16
majority of the governing board votes in favor of the issue, then the budget ordinance of that 17
local government shall levy taxes on property for that year at the revenue-neutral tax rate set out 18
in G.S. 159-11(e) and otherwise in accordance with subsection (c) of this section . If a majority 19
of the governing board votes against the issue, then the governing board shall levy taxes in 20
accordance with subsection (c) of this section. 21
…." 22
SECTION 2. This act is effective when it becomes law and applies to budget 23
ordinances passed on or after that date. 24
FILED SENATE
Mar 25, 2025
S.B. 615
PRINCIPAL CLERK