Tax Bills Interest

Interest will accrue at the rate of 2% for the January following the due date, and 0.75% each month thereafter.

For mailed tax payments, interest will be calculated based on the postmark date from the United States Postal Service.

If no date is shown on the postmark, or if the postmark is not affixed by the USPS, the payment will be considered received on the date it is received in the office of the Wake County Department of Tax Administration.

Wake County Tax Administration does not have the authority to waive interest once it is applied.  The statutes dictating this would be NCGS 105-273(15), which defines tax to include costs, penalties, and interest; while GS 105-380 and 381 restrict the release of taxes.