5 On Your Side

Hoping to ease sticker shock, Wake County increasing frequency of property tax assessments

Posted April 13, 2016

— A big change is coming for Wake County home owners - more frequent tax assessments.

Until now, notices reflecting home values in the county, whether up or down, arrived in mailboxes every eight years.

According to Marcus Kinrade, Wake County's Revenue Director, the change will hopefully ease the sticker shock for homeowners.

"What we have seen is with a smaller value change it would tend to be better accepted by property owners and they would be less inclined to appeal," he said.

In 2012, many homeowners questioned and appealed higher than expected assessments. Charles Simmons, of Apex, complained to 5 On Your Side when his newly built home was assessed for $65 thousand more than he has recently paid for it.

"I thought well, I don't think I could sell it for this because nothing in the neighborhood is going for anywhere near this," Simmons said.

The value was based on the last assessment in 2008. The next one was set for later this year, with no plans to change the frequency.

"The question at that point was, why don't we do a more frequent re-appraisal," Kinrade said.

Kinrade ultimately pushed for, and Wake County recently approved, the change to make it every four years. He says the increased frequency will more accurately reflect market conditions and help reduce the shock for county residents who have seen significant tax rate increases.

"So, if the assessed tax values are in line with the market and not out of whack based on extended times, I think everyone benefits because it's more fair," Kinrade said.

He hopes that also means fewer appeals.

Earlier this year, Apex saw the largest tax rate increases averaging seven percent. Rates in Raleigh stayed flat, and rates in Wake Forest, Wendell and Zebulon dropped.

Wake County has switched to an online appeal process to help cut down on paperwork and speed up responses.


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  • Dean Morron Apr 19, 2016
    user avatar

    Wake County ...... just another place in North Carolina where the government robs you without using a gun. I'd like to review their ledgers and see where all this money is going .... not where it was intended !!! Legalized thievery !!!

  • Lee Howell Apr 18, 2016
    user avatar

    This sounds like just a different way to get more money and raise tax rates faster than the traditional method to me...

  • George Herbert Apr 14, 2016
    user avatar

    View quoted thread

    People who rent are paying taxes indirectly through their landlords.

  • Dan Wilder Apr 14, 2016
    user avatar

    So homeowners get stuck paying for the county services utilized by all those non-homeowners as well.

  • Fanny Chmelar Apr 14, 2016
    user avatar

    "Hoping to raise revenue from your wallet more often, Wake County increasing frequency of property tax assessments"

    There. I fixed it. "Oh, we need to protect from sticker shock," my A.

  • Elizabeth Hawkins Apr 14, 2016
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    That's the problem Christian Knott. Properties are not increasing in value. When I purchased my property in 2005, it was taxed at XYZ. Then in 2007 Wake County revalued property and it jump up in value by $20,000. This past year, I tried to sell it. Offers came in so low I was forced to take it off market. Then in last few months, I got another tax notice saying my property value had dropped $5,000 less than what I paid for it in $2005 and I have upgraded this property and spent so much money on upgrades it isn't funny. So don't tell me if I can't afford it I should not own it. A house to me is no different than a dress or shoes I would buy. You don't have to pay taxes year after year after year for that same dress or shoes, now do you?

  • Maurice Pentico Jr. Apr 14, 2016
    user avatar

    Well "everyone" wants to hand out raises to teachers, County workers, upgrade buildings and services, build new buildings, add a greenway or two.... and taxes are how it all happens. And now Wake county can raise those taxes more frequently.... "everybody" wants stuff... they just dont want to pay for it... or worse have "someone else" pay for it.

  • Shandy Scott Apr 14, 2016
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    Last year’s state budget includes additional teacher raises yet our Democratic school board and Commissioners feel the need to give them a third raise in two years. This has increased our real estate taxes by over 15.3% in these two years. The bond passed in November of 2013 increased taxes by 9%. Merrill and the board increased it another 6.3% with the current budget. Add it up. Look at the future increases. In November of 2016 they will be presenting a two billion dollar school bond that will increase it another 22%. The school system’s plan to increase new teachers’ salaries over the next four years will increase taxes by 2.3% a year for the next four years. We could be talking a minimum increase in rates over the next several years of well over 50%. These increases are for just raises. Do you seriously think they will need more of our money for other things. Our taxes go up naturally with the increase in assessments. The average increase was just announced at 5%.

  • Dan Wilder Apr 14, 2016
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    View quoted thread

    Question is why should the county continually charge you taxes on a house that you already paid taxes on when it was bought. Why do they think they are entitled to tax something that never belonged to them in the first place.

  • Dan Wilder Apr 14, 2016
    user avatar

    Yea , lets just punish homeowners some more, too bad the tax value is in most cases way above what the actual sell value is. I will gladly sell my house TODAY to the county for what they say it's worth. What exactly am I paying the county for every year? I thought it was the bank that holds the mortgage.