A proposed constitutional amendment that would require the General Assembly to limit local governments’ ability to increase revenue through property taxes cleared a hurdle on Wednesday.
The N.C. House of Representatives’ Select Committee on Property Tax Reduction and Reform formally voted to recommend passage of a bill putting the constitutional amendment on the ballot this November. It would still need to pass the full House and Senate before actually appearing on the ballot.
The constitutional amendment was one of two bills the House committee advanced. The other moves to close a loophole that allowed apartment owners to claim property tax exemptions as long as they meet affordable housing limits and part of the property is owned by a nonprofit…