Bill > H338

This bill removes eleven specific parcels of land (identified by their Brunswick County Tax Office Parcel Numbers) from the corporate limits of the Town of Oak Island. The deannexation will not affect any existing liens, taxes, or special assessments that the town has in place before the effective date, meaning the town can still collect or foreclose on these financial obligations as if the properties were still within its boundaries. The bill specifies that the deannexation will become effective on June 30, 2025, and properties will no longer be subject to municipal taxes for tax years beginning on or after July 1, 2025. This type of legislation is typically pursued when property owners seek to be removed from a municipal jurisdiction, often due to changes in land use, property development, or tax considerations.

Budget and Finance, Government Affairs

https://www.ncleg.gov/BillLookUp/2025/H338