Wake County N.C. Approves 10 Percent Tax Increase

Wake County, North Carolina approved a double-digit property tax increase for property owners. North Carolina’s second most populous county will see the new measure take effect on July 1.

With the new tax increase, a property owner will pay an estimated $66.30 for every $100,000 in assessed value. A $2,000,000 office building will see an increase of $1,320 on their next property tax bill which will be mailed out starting July 1st.

Wake County leaders voted for the measure 6-1 to adopt the $1.47 billion budget for 2019-2020. The new Wake County property tax rate will be set ay 72.07 cents for every $100 in property value.