This market resolves YES if North Carolina (Property Tax Levy Limit) is approved by voters at the November 3, 2026 general election under its official approval rule:

Majority of votes cast on the question (N.C. Const. art. XIII §4)

Only the November 3, 2026 vote counts; earlier votes on similar proposals do not. YES means voter approval at this election, not that the measure is later implemented.

What the votes mean (official summary):

• YES: General Assembly must set limits on property tax increases by local governments (official LSO summary).

• NO: No constitutional requirement for property tax levy limits.

Results: resolves on the result certified by NC State Board of Elections (effective upon certification). It may resolve earlier once official returns or the Associated Press show the outcome cannot change and no recount is pending; if a recount or certified correction changes the outcome before resolution, the certified result controls.

No vote: if the measure is removed from the ballot, a court orders its votes not to be counted, or the vote is postponed beyond November 3, 2026, the market resolves N/A.

Later legal challenges: resolution follows voter approval as certified. A court later invalidating, enjoining or delaying the measure does not change the resolution.

Starting probability: 85% is a starting seed, not a forecast. Basis: Elon University Poll, Aug 21-31, 2026: 72% favor / 14% oppose / 14% unsure (https://www.elon.edu/u/news/?p=1056336).

Official source: https://s3.amazonaws.com/dl.ncsbe.gov/Elections/2026/Candidate%20Filing/statewide_referendums_20261103.pdf