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Wake County to increase property taxes

Posted June 16, 2008
Updated June 17, 2008

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— 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.


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  • jse830fcnawa030klgmvnnaw+ Jun 20, 2008

    "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.

  • sumpinlikedat Jun 18, 2008

    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.

  • nascar33 Jun 17, 2008

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

    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.

  • foetine Jun 17, 2008

    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?

  • bs101fly Jun 17, 2008

    hey neal, I mean blondchk4,

    will NEVER happen in our lifetime!

    Maybe someone should tell Neal!

  • blondchk4 Jun 17, 2008


    We'll never pay property tax again.

  • Just the facts mam Jun 17, 2008

    If we do not want to be paying higher taxes, then we need to quit approving these bonds that are put before us...

  • kickchick2000 Jun 17, 2008

    I too would prefer in increase in sales tax, that way EVERYONE pays.

  • Shiger Jun 17, 2008

    Oh my, my taxes are going up $20 per month, I am going to move. Give me a break. Do you know how long it would take to recoup moving expenses?

  • ifcdirector Jun 17, 2008

    That's ok. Just keep electing those democrats to office. It's amazing to me how cheerfully people around here support them..... Why don't they go live in a socialist country where they can just hand over everything they make?