A study by the John Locke Foundation found:
Property tax revenue up 63% over 10 years
Benchmark (inflation + population): 51%
~$2.7B in additional taxes collected
Largest increases in Wake County and Cabarrus County
What It Means
Owners: Pressure on NOI + valuations
Tenants: Higher CAM / NNN costs
Policy
The North Carolina General Assembly is considering levy limits to slow tax growth—not reduce it
Property taxes are becoming a key variable in leasing, underwriting, and hold/sell decisions https://www.carolinajournal.com/study-ncs-largest-counties-increased-taxes-beyond-inflation-population-growth/
