Amends GS 105-317 to expand the duties of assessors to include a written notice to real property owners within 30 days of the completion of the revaluation of the property required by GS 105-286. Sets out the contents of the notice, including the most recent and immediately prior appraised values of the property, percentage increase or decrease between subdivisions, instructions to property owners for appealing the newly appraised value, tax rates, and government department contact information and where to access the government’s budgets. Requires assessors to include certain information for all governments in the county that adopted a tax rate with the annual tax notice during any year in which a revaluation of real property is conducted. Sets out the required information, including various tax rates, percentage increase or decrease between subdivisions, and government department contact information and where to access the government’s budgets. Makes the same amendments to GS 105-328.
Amends GS 159-11 to expand the duties of the budget officer to include the publication of an estimate of the revenue-neutral rate on the government’s official website no later than May 15 of each year in which a general appraisal of real property is conducted. Requires the Local Government Commission to develop and distribute a template for calculating the estimate.  Requires the budget officer to update the website no later than July 15 upon adoption of the annual budget for a year in which a revaluation is conducted, including various tax rates, percentage increase or decrease between subdivisions, and government department contact information and where to access the government’s budgets.
Effective for reappraisals on or after January 1, 2025.

Statutes affected:
Filed: 105-317, 105-328, 159-11