North Carolina 2025-2026 Regular Session

North Carolina House Bill H436 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1		GENERAL ASSEMBLY OF NORTH CAROLINA
2	2		SESSION 2025
3		-	H 1
4		-	HOUSE BILL 436
	3	+	H D
	4	+	HOUSE BILL DRH40272-LMf-62
	5	+
5	6
6	7
7	8		Short Title: Counties/Semiannual Assessments. (Public)
8		-	Sponsors: Representatives Majeed and Belk (Primary Sponsors).
9		-	For a complete list of sponsors, refer to the North Carolina General Assembly web site.
10		-	Referred to: Finance, if favorable, Rules, Calendar, and Operations of the House
11		-	March 19, 2025
12		-	H436 -v-1
	9	+	Sponsors: Representative Majeed.
	10	+	Referred to:
	11	+
	12	+	DRH40272 -LMf-62
13	13		A BILL TO BE ENTITLED 1
14	14		AN ACT AUTHORIZING COUNTIES TO PROVIDE THAT ASSESSMENTS MAY BE PAID 2
15	15		IN EITHER SEMIANNUAL OR ANNUAL INSTALLMENTS. 3
16	16		The General Assembly of North Carolina enacts: 4
17	17		SECTION 1. G.S. 153A-199 reads as rewritten: 5
18	18		"§ 153A-199. Payment of assessments in full or by installments. 6
19	19		(a) Within 30 days after the day that notice of confirmation of the assessment roll is 7
20	20		published, each owner of assessed property shall pay his assessment in full, unless the board of 8
21	21		commissioners has provided that assessments may be paid in semiannual or annual installments. 9
22	22		If payment by installments is permitted, any portion of an assessment not paid within the 30-day 10
23	23		period shall be paid in semiannual or annual installments. The board shall in the assessment 11
24	24		resolution determine whether payment may be made by semiannual or annual installments and 12
25	25		set the number of installments, which may not be more than 10. 40 for semiannual installments 13
26	26		or 20 for annual installments. 14
27	27		(b) With respect to payment by installment, the board may providepayment: 15
28	28		(1) By semiannual installments, the board may provide either: 16
29	29		a. That the first installment with interest is due on the date when property 17
30	30		taxes are due, and one installment with interest is due on the same date 18
31	31		in each successive six-month time period until the assessment is paid 19
32	32		in full. 20
33	33		b. That the first installment with interest is due 60 days after the date that 21
34	34		the assessment roll is confirmed, and future installments with interest 22
35	35		are due on that same day in each successive six-month time period 23
36	36		until the assessment is paid in full. 24
37	37		(2) By annual installments, the board may provide either: 25
38	38		(1)a. That the first installment with interest is due on the date when property 26
39	39		taxes are due, and one installment with interest is due on the same date 27
40	40		in each successive year until the assessment is paid in full, orfull. 28
41	41		(2)b. That the first installment with interest is due 60 days after the date that 29
42	42		the assessment roll is confirmed, and one installment with interest is 30
43	43		due on that same day in each successive year until the assessment is 31
44	44		paid in full." 32
45	45		SECTION 2. This act is effective when it becomes law and applies to assessments 33
46	46		for which the assessment roll is confirmed on or after that date. 34
	47	+	H.B. 436
	48	+	Mar 18, 2025
	49	+	HOUSE PRINCIPAL CLERK