Final Call for Wake County Homeowners to Contest Property Assessments by May 15

Wake County taxpayers have until May 15, 2024, to appeal their property's assessed values. This deadline follows a revaluation by the Wake County Department of Tax Administration, which updated the market values of over 425,000 properties as of January 1, 2024. Property owners who disagree with their assessments can challenge these valuations by submitting formal appeals to the Board of Equalization and Review (BOER).

The appeal process allows taxpayers to present supporting evidence like recent appraisals or comparable sales data. Marcus Kinrade, the Wake County Tax Administrator, noted that an informal appeal process ended on March 1, but the formal appeal deadline provides another opportunity. The BOER will schedule hearings at the Wake County Commons Building and notify participants of their dates and times.

Taxpayers do not need to attend the hearings in person. The BOER will review the documentation provided and the county appraiser's assessment to make a decision. If unsatisfied, property owners can appeal to the North Carolina Property Tax Commission.

Appeals can be submitted online through the Wake County Tax Portal, by mail, or in person at the Tax Administration office. It's important to note that the property tax bill includes the assessed value and the tax rate, set annually by county and municipal officials. New tax rates will be adopted in June 2024 and effective from July 1, 2024.

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