Wake County will be the first county in the state to move to a two-year revaluation cycle that officials say will help get new construction on the tax rolls sooner and reduce homeowners’ property-tax “sticker shock.”
Real estate values between 2020 and 2024 soared in Wake County, with residential properties rising an average 53% and commercial proprieties rising an average 45%.
“Getting on a two-year cycle, even in a roaring economy, should decrease that sticker shock,” said Marcus Kinrade, Wake County’s tax administrator…