WF town board expected to approve budget
Wake County has already set its tax rate The headlines are about the tax rates in Wake Forest and Wake County, but the real upset-the-applecart move has been this year’s revaluation of all property in the county. In the blink of an eye the values of all real property — buildings and land — were raised by 51 percent. A house valued at $450,000 went up by $2,295 to $452,295. Most homeowners and property owners were — and still are — aghast at the increase since the last revaluation four years ago. No one’s pay checks or Social Security checks were increased. But the inflation continues to affect the cost of goods and equipment towns and counties must have, which has led to all Wake County towns proposing tax rates that are higher than the revenue-neutral rate, which could have eased some of the financial strain for property owners. In
