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11-16-2007, 11:27 PM
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Triangle Area Explorer!
Status:
"Thinking of a new plan"
(set 9 days ago)
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Join Date: Nov 2006
Location: North Raleigh, NC
5,487 posts, read 5,516,280 times
Reputation: 3206
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Wake Property Values Jump by 43%: Property revaluation notices coming soon!
Wake Property Values Jump by 43%; Tax Bills Could Follow :: WRAL.com
Two important nuggets from this news story:
"The Wake County tax rate will be rolled back temporarily from 67.8 cents per $100 of assessed value to 53 cents per $100 of assessed value so the county doesn't receive a windfall in tax collections from the revaluation. The county Board of Commissioners will reset the tax rate during next spring's budget process. The rate is expected to go up by at least 2 cents to pay for recently approved bond issues for green space, libraries and Wake Technical Community College."
"Homeowners whose property increased in value less than 25 to 30 percent in recent years will likely see little change in their annual tax bill..."
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