On Friday, June 19, Governor Stein signed SB889 /SL 2026-8, which imposes a moratorium on the 2026 property tax reappraisal. Set to take effect on July 1, 2026, the moratorium will affect the assessed property values used to build Buncombe County’s FY27 budget, which was adopted on June 2, 2026.
At the same time, another bill, SB474, is with the NC Senate and could be taken up as early as Tuesday. SB474 would exempt Buncombe County from SB889.
When he signed SB889, Governor Stein said: “I am concerned about this law’s impact on Hurricane Helene recovery in Buncombe County. Senate Bill 474 would shield Buncombe County and other jurisdictions recovering from the storm, and I urge the Senate to pass it.”…