H432

Property Tax Relief Study

Chamber Passed·4/28/25

North Carolina H432 proposes property tax relief programs and exemptions for elderly, disabled, and veteran homeowners.

North Carolina H432 increases the exclusion amount for the elderly or disabled property tax homestead exclusion, expands the disabled veteran property tax homestead exclusion, and creates the homeowner advantage property tax relief program and the elderly property tax homestead circuit breaker program. It also establishes exemptions to the forced sale of a homestead.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Last
Passed the House · 110–0 · Apr 28, 2025
Current
Rules and Operations of the Senate Committee
Next
Senate floor vote

Sponsors

0
17
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Democratic CaucusRepublican Caucus

Roll Call Votes

Second Reading

110 Yea

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0 Nay

3 Not Voting

RDD

7 Absent

RDRRDRD

Calendar

Apr 15, 2025

9:00 AM

Finance Hearing

Apr 15, 2025

9:00 AM

Finance Hearing

History

Apr 28, 2025

Senate

Regular Message Received From House

Apr 28, 2025

Senate

Passed 1st Reading

Apr 28, 2025

Senate

Ref To Com On Rules and Operations of the Senate