Triangle homeowners are seeing property tax bills ranging from 60% higher to around double what they were a decade ago.
And now, many local governments across the Triangle are considering tax-rate increases in their budgets for fiscal year 2027, which starts in July.
In that same period, inflation has grown just over 40% nationwide, according to the U.S. Bureau of Labor Statistics’ consumer price index inflation measure. The index measures the value of a set of goods and services regularly purchased by consumers.
The population growth around Wake County and the Triangle requires more services, which has also contributed to additional tax needs, according to Wake County spokesperson Dara Demi. Wake County’s population alone has increased from 1 million in 2016 to 1.25 million 2025, according to the U.S. Census.
In response to rising tax bills, state lawmakers recently approved a November ballot referendum aimed at limiting property tax increases. It would ask voters if they want a cap on the amount of property taxes that local governments are allowed to collect…