NC S250

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

Limits the maximum number of installments to 40 for semiannual payments or 20 for annual payments.

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

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

All installment payments include interest and the effective date applies to assessments with confirmation dates on or after the bill's enactment.