Rep. Jackson files bill in North Carolina House to modify property tax relief provisions

A new bill filed by State Rep. Neal Jackson in the North Carolina House seeks to revise property tax relief policies to expand eligibility and introduce new assistance programs for homeowners, according to the North Carolina State House.

The bill, filed as HB 432 on March 18 during the 2025 regular session, was formally listed with the short title: ‘Property Tax Relief Study.’

The following is our breakdown, based on the actual bill text, and may include interpretation to clarify its provisions.

In essence, this bill seeks to modify multiple property tax relief provisions in North Carolina, effective July 1, 2026. It proposes an increase in the elderly or disabled homestead exclusion amount to the greater of $50,000 or 50% of the home’s appraised value and raises the income eligibility limit to $48,000. The bill expands the disabled veteran property tax exclusion to cover the lesser of 50% of the residence’s value or $100,000. New initiatives introduced include the Homeowner Advantage Property Tax Relief Program, limiting property tax increases based on inflation, and the Elderly Property Tax Homestead Circuit Breaker, allowing deferred tax payments for qualifying homeowners aged 85 and over. The bill also provides a homestead exemption from forced sale under specified conditions and mandates a study on replacing property taxes with consumption taxes by 2026. Additionally, the bill addresses the transfer of tax relief benefits to new residences and modifies existing appraisal standards. The homestead exemption applies starting Oct. 1, 2025, for relevant judgments entered thereafter.

Of the four sponsors of this bill, Jackson proposed the most bills (17) during the 2025 regular session.

Bills in North Carolina follow a multi-step process before becoming law. A lawmaker starts by filing a bill, which is assigned to a committee for review. The bill must be read three times in each chamber. If one chamber changes the bill after the other passes it, both must agree on the final version. Once both chambers approve the same bill, it goes to the governor, who has 10 days (or 30 if the legislature is not in session) to sign, veto, or let it become law without a signature.

You can read more about the bills and other measures here.

Jackson, a Republican, was elected to the North Carolina State House in 2023 to represent the state’s 78th House district, replacing previous state representative Allen McNeill.