The North Carolina Association of County Commissioners (NCACC) is urging state lawmakers to rethink a series of proposed property tax exemption bills that could significantly reduce county revenues if passed.
Many county commissioners and administrators fear that the state bills offering taxpayer relief could end up putting a real financial strain on counties – which rely heavily on property taxes to fund their budgets.
In a letter addressed to all members of the North Carolina General Assembly, the association outlined the potential financial repercussions of the measures, calling them “unfunded mandates” that could force counties either to raise property tax rates on non-exempted property owners or cut out essential public services…