Why is the County doing more frequent revaluations?

Why is the County doing more frequent revaluations?

Property values have surged. Between 2020 and 2024, Wake County’s real estate market saw a record 51% increase – 53% for residential, 45% for commercial. Neighboring counties, including Johnston, Durham, and Orange, are also seeing significant increases in their 2025 revaluations.

More frequent revaluations will allow the tax burden to shift more accurately, better aligning with where changes are happening in the market countywide.

When are more frequent revaluations being implemented?

County appraisers are currently working on the revaluation process. There are multiple steps in a revaluation, and work will occur throughout 2026. Taxpayers will receive their new notice of value in January 2027. Revaluations will then occur every 2 years, with the next one in 2029.