Log in to WRAL.com with one click using your favorite social network:
OR
Log in using your WRAL.com account:



Wrong email/password combination.

Forgot password?

Register with WRAL.com using your favorite social network:
OR
Register for a WRAL.com account using our web form.

Login Options

9:44 a.m. • 2-11-12

Weather Forecast for Raleigh

  • Today: Mostly Cloudy.
    • Hi: 50° F
  • Sun: Clear.
    • Hi: 41° F
  • Mon: Mostly Cloudy.
    • Hi: 50° F

Other Locations

> 7 Day Forecast

Doppler Image

Marketplace Links

Social Links

Main Menu

Wake County to increase property taxes


e-mail print friendly
Generic Money
Generic Money

Property taxes will be going up for Wake County residents.

The Wake County Board of Commissioners approved the increase Monday evening as part of the new $984.4 million budget for the fiscal year that begins July 1.

The new tax rate was set at 53.4 cents per $100 valuation. Last year's tax rate was 67.8 cents per $100 of valuation, but the Board of Commissioners rolled it back to 50.9 cents after a countywide property revaluation, preventing the county from collecting a windfall from higher values on homes, land and other real estate.

Of the 2.5-cent increase in the tax rate, 1.68 cents will go towards operating expenses on voter-approved bond projects. The remaining 0.82 cent will be used to fund public safety and law enforcement improvements.

The budget also includes $319.2 million for the Wake County Public School System. It offers a state pay raise of 6 percent for certified teachers and 3 percent for non-certified employees.

RELATED TOPICS: Wake County, Public Schools

e-mail print friendly

55 Comments


WRAL.com welcomes your comments on this story. All comments are moderated prior to publication based on our posting guidelines. Please review them prior to posting and if your message is not approved.

View Comments VIEW ALL 55 COMMENTS

This story is closed for comments. Comments on WRAL.com news stories are accepted and moderated between the hours of 8 a.m. and 8 p.m. Monday through Friday.

Latest Comments
"The budget also includes $319.2 million for the Wake County Public School System. It offers a state pay raise of 6 percent for certified teachers and 3 percent for non-certified employees."

I support this property tax for the schools. And no, I did not vote in favor of the bond initiatives. Nevertheless, our children deserves proper (if not better) education, and this is the first step.

I find it funny that people want to complain constantly about our schools being so poor, but then don't want to fund them sufficiently to make them better.

North Carolina is in the bottom 10 states in teacher pay. Our schools are consistently ranked among the worst in the country. I went to school here and turned out all right, sure. But we moved to Chicago before my oldest started school and then moved back here in the middle of a school year, and the difference in curriculum, instructional style, etc. is measurable. She was so far ahead when we moved here that it was laughable.

The difference? Property taxes in Cook County, Chicago's county, and Lake County, the county above it (some of the best schools in the country there) are substantially higher than here, and they have the great teachers and great schools to prove it. Cook and Lake Counties pay upwards of $5000 property tax per year on $200 - $250K houses. People would choke and die if we tried to charge that here.

"You can thank the realtors association those that voted against the land transfer tax. Nice going Einsteins." Zman...

That's just another tax, what's the difference? Everyone will pay it eventually. How about they cut spending, now there's a novel idea. But as long as stupid voters continue to vote in the same people, this is what we will get.

Isn't this all part of ReNew Raleigh's master plan to rid Raleigh of those who can't afford to live in their million dollar houses?

hey neal, I mean blondchk4,

will NEVER happen in our lifetime!

Maybe someone should tell Neal!

View Comments VIEW ALL 55 COMMENTS

Multimedia

advertisement