Fact Sheet: Limiting property tax revenue in the state constitution is a bad deal for North Carolinians

The NC General Assembly has placed a constitutional amendment on the November ballot that, if approved by voters, would require lawmakers to limit annual growth in local property tax revenue.1 This is not a direct limit on property tax rates but a “levy limit” on the total property tax revenue local governments can collect. If revenue exceeds the limit, tax rates… The post Fact Sheet: Limiting…