Deadline is May 15

Wake County taxpayers have one final opportunity to appeal their property's recently assessed value at no charge. The deadline is May 15.

The Wake County Department of Tax Administration completed a revaluation of more than 425,000 properties to reflect fair market value as of Jan. 1, 2024. If taxpayers disagree with their property assessments, they have the right to appeal.

Formal appeals can be submitted to the Board of Equalization and Review (BOER). Taxpayers are encouraged to provide documentation supporting why they believe the assessed value does not reflect fair market value, such as recent appraisals or comparable sales.

“Taxpayers had the opportunity to appeal informally to our office by March 1, and we have already notified them of the results,” said Wake County Tax Administrator Marcus Kinrade. “Those wishing to further their case can submit a formal appeal to the BOER. Taxpayers who didn’t appeal informally can use this open timeframe to appeal to the BOER.”

BOER hearings will take place at the Wake County Commons Building, and taxpayers will be notified of their hearing date and time via mail. Personal appearance at the hearing is not required.

The BOER considers both information submitted by the person appealing and the opinion of the County appraiser when making a decision. Property owners who remain dissatisfied after the BOER hearing may appeal to the North Carolina Property Tax Commission.

 Taxpayers can submit appeal requests:

• Online via the Wake County Tax Portal;
• Mail to Wake County Tax Administration
  Attention: 2024 Real Estate Revaluation
  P.O. Box 2331
  Raleigh, NC 27602; or
• Deliver in person to the Wake County Department of Tax Administration, located in Suite 3800 of the Wake County Justice Center, 301 S. McDowell St., Raleigh.
   

Property tax bills are made of two parts – the assessed value and the property tax rate per $100 of value set each year by elected county and municipal officials, which may be different than the revenue-neutral tax rate. The tax rate that will apply to new assessed values will be adopted in June 2024 and go into effect July 1, 2024.

To assist those facing challenges in paying taxes, Wake County provides property tax relief programs for low-income seniors, disabled homeowners, and disabled veterans or their unmarried surviving spouse.

Senior & Disabled Program

• Applicants must be 65 years of age or totally and permanently disabled as of Jan. 1.
• Gross income for 2023 for both an applicant and spouse cannot exceed $36,700.
   

Tax Deferment

• Applicants must be 65 years of age or totally and permanently disabled as of Jan. 1.
• Gross income for 2023 for both an applicant and spouse cannot exceed $55,050.
   

Disabled Veteran Program

• Veterans discharged under honorable conditions, or their unmarried surviving spouse, may be eligible for a reduction in property tax.
• There is no age or income limitation on this program.
   

These programs can significantly reduce property tax bills for qualifying owners. Applications for these programs must be submitted by June 1, 2024.

For more information, taxpayers can contact Tax Administration staff at 919-857-3800, email revaluation@wake.gov or visit the office at 301 S. McDowell St., Raleigh.