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Wake County leaders expected to discuss property revaluations on Monday
WRAL • • nation
Key Points:
- Wake County leaders will discuss property revaluations during a Board of Commissioners meeting on Monday, focusing on the "Schedule of Values" that determines market values for over 460,000 properties.
- The new property values will reflect market conditions as of January 1, 2027, with revaluations now occurring every two years to better align assessed values with the current market.
- The revaluation process includes neighborhood grouping, land and building pricing based on recent sales, and thorough property reviews to ensure accurate market assessments.
- Property owners will receive their updated assessments shortly after the Board of Commissioners reviews the results on January 19, 2027, with an option to appeal if necessary.
- The public hearing will take place Monday at 5 p.m. at the Wake County Justice Center, with commissioners set to vote on the new rules on October 19.
