Wake County, North Carolina Sees Significant Increases in Values Amidst First County-Wide Revaluation in Four Years

Wake County’s county-wide revaluation has signified a significant increase in property values across residential, commercial, industrial, and apartment sectors. As property assessments were mailed out on January 18, 2024, it is crucial for property owners to be proactive in reviewing their assessments and understanding their potential tax implications. Late 2023, we estimated the increases here.

According to Wake County officials, properties across all sectors have witnessed a significant increase in value since the last revaluation four years ago:

Taxpayers in Wake County only have until May 15, 2024, to appeal their values. It is crucial for property owners to be proactive in reviewing their assessments and understanding their potential tax implications. Seeking guidance from experts like Ryan can assist taxpayers in maximizing their tax savings during this critical period. By addressing property tax matters promptly, residents and businesses can better plan their budgets and navigate the changing landscape of property values in Wake County.