North Carolina lawmakers are again reviewing property tax relief as values rise and affordability pressures grow. No immediate changes are expected—but the discussion matters for owners and tenants alike.
What to know:
- Property taxes are set locally, not by the state.
- Higher assessments are driving higher tax bills, even where rates were reduced.
- Lawmakers are questioning how local governments spend tax revenue, raising concerns about state involvement in local decisions.
Why it matters:
- Property taxes directly impact NOI, CAM charges, and lease economics.
- Policy uncertainty adds risk to long-term planning and underwriting.
Property taxes are becoming a larger part of the cost-of-occupancy conversation in North Carolina.
https://www.wral.com/news/nccapitol/nc-lawmakers-focus-property-taxes-jan-2026
