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Wake County created a calculator to help property owners see what their new tax bill would be if the county were to adopt the revenue-neutral tax rate.
If you’ve got sticker shock after seeing your new Wake County property tax values, there are ways you can challenge the figures.
The property tax rate that Wake County would need to set to maintain the same level of revenue, called revenue-neutral, would be 46.36 cents per $100 of assessed property value.
Wake Forest is a town in Wake and Franklin counties in the U.S. state of North Carolina. Located almost entirely in Wake County, it lies just north of the state capital, Raleigh.
Most local governments in the United States impose a property tax, also known as a millage rate, as a principal source of revenue. [1] This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio, multiplied by a tax rate, and is generally an obligation of the owner of the property ...
Wake County is a county located in the U.S. state of North Carolina. As of the 2020 census, its population was 1,129,410, [ 1 ] making it North Carolina's most populous county. From July 2005 to July 2006, Wake County was the 9th-fastest growing county in the United States, [ 2 ] with Cary and Raleigh being the 8th- and 15th-fastest growing ...
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