Bill > H436

This bill modifies North Carolina General Statute 153A-199 to provide counties with more flexible options for how property owners can pay assessments. Specifically, the bill allows county boards of commissioners to choose whether property owners can pay their assessments in either semiannual or annual installments, expanding the previous law that limited installment options. The bill increases the maximum number of installments from 10 to 40 for semiannual payments or 20 for annual payments. The legislation provides two potential payment structures for each installment type: either the first installment is due on the property tax due date with subsequent installments following at six-month or annual intervals, or the first installment is due 60 days after the assessment roll is confirmed, with future installments following on the same day in subsequent six-month or annual periods. The bill becomes effective immediately upon becoming law and applies to assessments with rolls confirmed on or after that date, giving counties more discretion in structuring assessment payment plans for property owners.

Budget and Finance

https://www.ncleg.gov/BillLookUp/2025/H436