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Before the revaluation, a home with a tax value of $415,951 had a Cary property tax bill $1,435, based on the current tax rate of 34.5 cents per $100 in assessed value.
If you’ve got sticker shock after seeing your new Wake County property tax values, there are ways you can challenge the figures. ... Contact the Wake County Tax Administration by calling 919-857 ...
Some Wake County towns saw higher average property value increases than others. ... People can contact the Wake County Tax Administration by calling 919-857-3800 or emailing revaluation@wake.gov.
Composition of state and local tax revenues by sales taxes (brown), property taxes (white), licenses and other fees (grey), individual and corporate income taxes (green) in 2007. Determining the value of property is a critical aspect of property taxation, as such value determines the amount of tax due.
Leslie Fox spoke to the Wake County Board of Commissioners during a recent public hearing on the proposed $1.86 billion county budget, which includes a property tax increase.
It collects state taxes and administers tax legislation. It also researches taxation and supervises property assessing in the state. [6] It is led by the Secretary of Revenue. Appointed by the governor, the secretary is an ex officio member of the State Tax Review Board and the North Carolina Local Government Commission.
The property tax rate that Wake County would need to set to maintain the same level of revenue, called revenue-neutral, would be 46.36 cents per $100 of assessed property value.
The Wake County Board of Commissioners is the governing board for Wake County, which includes the City of Raleigh. As of the 2020 census, the population of Wake County was 1,115,000 [1] making it North Carolina's most populated county. Its county seat is Raleigh, which is also the state capital.