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14 <br /> Slide #2 <br /> Property4 Limitations on Local 1. Uniformity clause of N.C. Constitution <br /> 2. "True value" appraisal standard <br /> 3. Limited refunds & releases <br /> 4. Appeal Process <br /> Slide #3 <br /> Chris McLaughlin said that only the General Assembly can set exemptions. <br /> Slide #4 <br /> North Carolina Constitution., Art. V,, Sect. 2 <br /> • Property Tax Classifications& Exemptions: <br /> • Power delegated only to the General Assembly <br /> • Uniform and statewide <br /> • No local exemptions <br /> • Property Tax Rates: <br /> • One rate per jurisdiction EXCEPT for "special service districts" <br /> •Applies to all property: real and personal and RMVs <br />