Wake County Board votes to shorten property revaluation cycle to every two years starting after 2027

The Wake County Board of Commissioners voted March 17 to advance the next countywide property revaluation to be effective Jan. 1, 2027, and to move afterward to a two‑year revaluation cycle.

County Tax Administrator Marcus Kinrade told commissioners that Wake’s rapidly growing parcel base and large valuation swings prompted the recommendation. "We propose conducting the next revaluation on a 3 year cycle, effective 01/01/2027, and then moving to a 2 year cycle effective on the odd years, 2029," Kinrade said. He said more frequent revaluations will align assessed values closer to market values and help mitigate large spikes in individual tax bills.

Kinrade summarized recent valuation history to explain the change. Wake’s taxable base rose from roughly $180 billion before the 2024…