Revenue Neutral Tax Calculator

Effective January 1, 2024 all real property in Wake County was revalued at 100% fair market value. The prior assessed value represented 100% fair market value as of January 1, 2020.

The purpose of the revaluation is to re-establish tax equity and fairness between properties that may have changed in value at different rates depending on property type and location.

Wake County currently operates on a four-year revaluation cycle. State law requires the calculation of a revenue neutral tax rate. Revenue neutral is a budget term that means the revenue brought in by property taxes in a revaluation year would be approximately the same as if the revaluation had not taken place. It is computed by increasing the fiscal year 2023-2024 jurisdictional operating budget by the average annual growth in the tax base since the 2020 revaluation, then dividing the result by the revalued tax base. The revenue neutral rate is not property-specific. This revenue neutral rate serves as the starting point for fiscal year 2024-2025 budget deliberations and must be reported in the fiscal year 2024-2025 operating budget, but it may not ultimately be adopted.

Changes in tax liability for individual properties depend on two factors:

  • 1. How much the property changed in value between 2020 and 2024, and
  • 2. The final tax rates adopted by each taxing jurisdiction in June 2024.
Search by Real Estate ID (REID): Enter your Real Estate ID number as it appears on your Notice of Assessed Value. If you have lost or misplaced your notice, you can look it up by using the Property Search tool in the Real Estate menu on the left side of the screen.
Real Estate ID:   PIN:   Location:
Owner Name:
Current Property Value Totals (2024)
(2024 Market Value)
Total Heated Area:
Building(s) :
Outbuilding(s) :
Landline(s):
Land Value (Assessed) :
Building Value (Assessed) :
Total Value (Assessed) :

Previous Property Value Totals (2023)
(2020 Market Value)
Total Heated Area:
Building(s) :
Outbuilding(s) :
Landline(s):
Land Value (Assessed) :
Building Value (Assessed) :
Total Value (Assessed) :

Current Value Adjustment Totals (2024)
(2024 Market Value)
Exempt:
Use Value Deferred:
Historical Value Deferred:
Tax Relief:
Disabled Veterans Exclusion:
Total Adjustment Value:
Value To Be Billed:

Previous Value Adjustment Totals (2023)
(2020 Market Value)
Exempt:
Use Value Deferred:
Historical Value Deferred:
Tax Relief:
Disabled Veterans Exclusion:
Total Adjustment Value:
Value To Be Billed:

Estimated 2024 Tax Using Estimated Revenue Neutral Rate


Previous Property Tax


Change in Total Value:
Average annual change in Value:
Estimated Change in Tax:
DISCLAIMER: This tax estimate is provided as a service to the citizens of Wake County, and it is subject to change. This tax estimation is not a guarantee of future value or future tax rates. Actual 2024-2025 tax liability can only be determined once tax rates are adopted by all Wake County taxing jurisdictions during their annual budget processes to be effective July 1, 2024.

Revenue neutral rates for municipalities and special tax districts are provided at the discretion of their respective officials. If no estimate is provided, property owners should monitor their jurisdiction’s annual budget process to learn the published revenue neutral rate and determine the potential effect on their tax liability. Estimates of Wake County taxes, along with fire district taxes where applicable, are provided for all parcels.

Appraised values are subject to change due to value appeals (including those on neighboring properties), data corrections, and physical changes to the property not yet listed (such as new buildings or additions).

This information is provided "as is" and is not intended to replace information that could be obtained directly from any other government department, agency, or office. Wake County makes no representation or warranties, express or implied, concerning the accuracy, completeness, reliability, or suitability of the data provided herein. Furthermore, this office assumes no liability whatsoever associated with the use or misuse of such data.