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HomeMy WebLinkAbout2026-21 RESOLUITION BY HARNETT COUNTY BOC REQUESTING A LOCAL STATUTORY ACXT TO ALLOW HC TO ESTABLISH REAL PROPERTY REAPPRAISALTAX REFORMRESOLUTION NO. 2026-21 Harnett COUNTY NA RESOLUTION BY THE HARNETT COUNTY BOARD OF COMMISSIONERS REQUESTING A LOCAL STATUTORY ACT TO ALLOW HARNETT COUNTY TO ESTABLISH REAL PROPERTY REAPPRAISAL TAX REFORM WHEREAS, North Carolina General Statute § 105-286 requires counties to reappraise all real property at least every eight years unless a county adopts a resolution providing for the advancement of the reappraisal; and WHEREAS, The Harnett County Board of Commissioners (hereinafter referred to as the "Board of Commissioners") adopted a resolution to move to a four-year reappraisal schedule; and WHEREAS, effective January 1, 2026, the County of Harnett (hereinafter referred to as the "County") conducted its most recent reappraisal in accordance with the four-year reappraisal schedule; and, WHEREAS, between 2000 and 2020 the County's population increased over thirty percent with bringing thousands of new residents to the County; and WHEREAS, as a result of such growth, the January 1, 2026 real property reappraisal resulted in an average increase of forty-two to forty-six percent in the value of property in the County; and WHEREAS, the increase in real property values has created a burden for numerous residents of the County, particularly low-income households, veterans, and senior citizens; and WHEREAS, established residents should not bear the financial burden of the continuously increasing tax liability resulting from such reappraisals; and WHEREAS, the Board of Commissioners desire the authority to maintain residential real property values until such time that the property is improved or sold to another individual, thereby allowing for more consistent and stable financial planning for residents. NOW THEREFORE, BE IT RESOLVED that the Harnett County Board of Commissioners requests that a local act be adopted for the benefit of the County of Harnett whereby residential real property reappraisals shall be conducted on an annual basis for residential transactions and new construction that occurred as of January 1 for the previous tax year. Upon the transfer, purchase, gift, or acquisition of real property or new construction on real property and the appraisal value is assessed for that property, such value shall not increase until such time that the property is deeded, sold, gifted, or otherwise transferred to another individual, corporation, or entity. New construction on previously purchased unimproved property shall result in a reappraisal of the entire parcel and structures thereon. BE IT FUTHER RESOLVED that the reappraisal process shall not apply to residential properties that are acquired via will, intestate succession, or other probate process. Additionally, it shall not apply to any improvements, additions, or renovations to existing residential structures completed by the existing owners of the property. Harnett C 0 U N TY NORTH CAROLINA BE IT FURTHER RESOLVED that this local act shall not apply to commercial real property and shall be reappraised in accordance with North Carolina General Statute § 105-286. BE IT FURTHER RESOLVED that this Resolution be forwarded to those General Assembly Representatives who serve Harnett County. Adopted this the 0 day of April 2026 by the Harnett County Board of Commissioners. HARNETT COUNTY BOARD OF COMMISSIONERS Duncan E. Jaggers, Chai Tan ATTEST: Melissa D. Capps, Clerk tb the Board j" r :; NF�CO�� 2