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flag North Carolina lawmakers advanced a 2026 ballot measure to cap annual property tax revenue increases, aiming to protect homeowners from rising taxes amid inflation and home value growth.

flag A North Carolina House committee has advanced a proposal to place a constitutional amendment on the November 2026 ballot that would limit annual increases in local property tax revenue, aiming to provide homeowners with greater budget predictability amid rising home values and inflation. flag The measure, supported by Republican lawmakers including House Speaker Destin Hall, would require a three-fifths majority in both chambers to advance and would allow future legislation to set specific caps. flag While proponents say it would protect seniors and fixed-income residents from steep tax hikes, critics warn it could strain funding for essential services as the state grows. flag The proposal follows findings that several major counties collected significantly more in property taxes than allowed under a levy limit model, fueling calls for reform.

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