Revenue Neutral Tax Calculator

Effective Jan 1, 2020 All real property in Wake County was reappraised at 100% fair market. The prior assessed value represented 100% fair market value as of Jan 1, 2016.

The purpose of the reappraisal 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 reappraisal cycle. At reappraisal, state law requires the calculation of a revenue neutral rate. Revenue neutral is a budget term that means the revenue brought in by property taxes in a reappraisal year would be approximately the same as if the reappraisal had not taken place. It is computed by increasing the fiscal year 2019-2020 jurisdictional operating budget by the average annual growth in the tax base since the 2016 reappraisal, then dividing the result by the reappraised tax base. The revenue neutral rate is not property-specific. This revenue neutral rate serves as the starting point for fiscal year 2020-2021 budget deliberations and must be reported in the fiscal year 2020-2021 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 2016 and 2020
2. The final tax rates adopted by each taxing jurisdiction in June 2020

Search by Real Estate ID (REID): Enter your Real Estate ID number as it appears on your Notice of Appraised 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

Real Estate ID: PIN: Location:

Owner Name:

Current Property Value Totals (2020)

(2020 Market Value)

Total Heated Area:
Building(s) :
Outbuilding(s) :
Landline(s):
Land Value (Assessed) :
Building Value (Assessed) :
Total Value (Assessed) :

Previous Property Value Totals (2020)

(2016 Market Value)

Total Heated Area:
Building(s) :
Outbuilding(s) :
Landline(s):
Land Value (Assessed) :
Building Value (Assessed) :
Total Value (Assessed) :

Current Value Adjustment Totals (2020)

(2020 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 (2020)

(2016 Market Value)

Exempt:
Use Value Deferred:
Historical Value Deferred:
Tax Relief:
Disabled Veterans Exclusion:
Total Adjustment Value:
Value To Be Billed:

Estimated 2020 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 2020-2021 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, 2020. 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.