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Wake commissioners OK more frequent reassessments

Posted March 21

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— The Wake County Board of Commissioners on Monday approved a proposal to hold property tax revaluations more often.

The county currently determines the tax value of property – homes, commercial buildings, even vacant land – every eight years to align it with market values. That process will now occur every four years, starting in 2020.

Supporters of the change say it will help ease sticker shock for residents who see their property values jump significantly every eight years.

Average property values increased by 5 percent across Wake County this year after last fall's reappraisal, with commercial properties accounting for the bulk of the increase.

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  • Shandy Scott Mar 22, 2016
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    Just another tax increase by the Democrats. They are out of control. 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 would step up $16 million per year for five years, adding up to $80 million annually by the fiscal year 2020. Along with other costs, that could create deficits of $20 million per year. If 48 million increased our taxes 7% this year than just salary increases of 16 million will increase our rate 2.3% a year for the next five years. Add th

  • Maurice Pentico Jr. Mar 21, 2016
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    Woo hoo.... here comes those higher taxes to pay for all those teacher raises, roads, bridges, and just about anything else the county can think of to spend money on.


    At 5% per year, thats a 20% increase in valuation taxes every 4 years. Lets hope our wages can support this.