House plan would force property tax relief by expanding exemptions for affordable housing

House plan would force property tax relief by expanding exemptions for affordable housing

'We are telling them to give relief ... It is not an option.'

No property tax? NC House passes bill to study property tax relief

House Bill 432, titled the “Property Tax Relief Study,” unanimously passed the North Carolina House last week and would examine ways to cut the property tax bill for some North Carolinians who struggle to keep up with spiking home values. Now headed to the Senate, the bill would direct the Revenue Laws Study Committee to examine existing property-tax relief programs and determine whether changes are needed to reduce the burden on certain vulnera…

Property Tax Revenue Reaches New High in 2024 - Real Estate Investing Today

Recent data crunched by the NAHB's Eye on Housing shows that property tax revenue collected by state & local governments reached a new high in 2024 and continued to make up a bulk of tax revenue. In 2024, total tax revenue was $2.095 trillion - up 4.6% from $2.004 trillion in 2023. Indeed.... Click here