NC H721

Authorizes North Carolina county boards of commissioners to allow property assessment payments in semiannual or annual installments instead of requiring full payment within 30 days of assessment roll confirmation.

Limits the number of installments to a maximum of 10 for semiannual payments or 20 for annual payments, with the board determining the specific payment structure in the assessment resolution.

For semiannual installments, allows boards to set payment due dates either aligned with property tax due dates or 60 days after assessment roll confirmation, with subsequent installments due every six months.

For annual installments, allows boards to set payment due dates either aligned with property tax due dates or 60 days after assessment roll confirmation, with subsequent installments due annually.

All installment payments must include interest; the law is effective when enacted and applies to assessments with confirmation dates on or after the enactment date.