NC Property Taxes Back in the Spotlight

Jan 27, 2026 | News

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

Dylan Cunningham

J Dylan Cunningham, CCIM is the founder of Oak Street Commercial Real Estate, LLC, a firm located in Apex, NC on a mission to help business owners and commercial real estate owners create long-term strategies that align with their objectives through real estate.

We believe in going beyond the transaction, taking a deep look at where you want to be in five, ten or even twenty years from now—and how we can help you get there with thoughtful, strategic decisions today.