Aug. 17, 2006 - Wake County Tax Proposal

Hang on to your wallets because Wake County Commisioners are considering a change our property tax structure to use reassessments to pay for future growth.

Property is required to be reassessed every 8 years in NC but can be reassessed more often at the counties' discretion. In the past, rates have been lowered to offset the blow to tax payers but the new proposal would keep the tax rate the same in that year's budget. The result could mean thousands to some Wake County tax payers.