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Fiscal Year 2025 Raises Property Taxes 11 Percent

Fiscal Year 2025 Raises Property Taxes 11 Percent

by watchingraleig | Mar 21, 2025 | Taxes, Uncategorized

The FY25 budget will reflect changes to the City’s property tax base resulting from Wake County’scounty-wide re-evaluation of real estate values. The FY25 budget does not recommend a revenueneutral rate. The tax rate proposed for this budget is $0.355, or 35.5 cents...
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