Collected and spent
In fiscal year 2024, Wake County collected $1,831.6M in taxes and spent $2,469.0M.
Where the money comes from
One tax.
Details
Wake County FY2024-25 property tax — 51.35 cents per $100 of assessed value (= 5.135 mills), as adopted: Wake County FY2025 Adopted Budget, General Fund Operating Budget Ordinance, Section 1, "fifty-one and thirty-five hundredths of a cent (51.35¢) per one hundred dollars ($100) valuation of property ... listed for taxes as of January 1, 2024"; the Wake County Tax Administration rate chart prints .5135 for 2024. FY2023-24 was 65.70 and FY2025-26 is 51.71. Assessed value is taken as market value: the county's revaluation took effect 1 January 2024. One countywide rate; fire district rates are separate. Wake funds its schools from this levyWhere it goes
Nine service lines.
Bars in both tables share one scale. Hatched lines pay for past obligations, not current services.
Details
Wake County, North Carolina FY2024 Annual Comprehensive Financial Report — Statement of Revenues, Expenditures and Changes in Fund Balances, Governmental Funds, Total Governmental Funds column, p.31-32Who decides
The Board of Commissioners governs the county. State law says the board must adopt a budget ordinance by July 1. That ordinance spends money and levies taxes for the year. 7 Commissioners elected by district. Two at-large seats are added in 2026.
Details
N.C. Gen. Stat. §159-13(a), budget ordinance (read 2026-10-10)When decisions happen
The board must adopt the budget ordinance no later than July 1. The ordinance covers the year that starts on that date.
How to reach it
Details
N.C. Gen. Stat. §159-8(b) and §159-13(a), fiscal year and budget deadline (read 2026-10-10)Also on this tax bill
A Wake County address pays these governments too. Which cities apply depends on the address.
On every bill in Wake County
On some bills, depending on the address
Cities: 12
Sources
Details
Wake County, North Carolina FY2024 Annual Comprehensive Financial Report — Statement of Revenues, Expenditures and Changes in Fund Balances, Governmental Funds, Total Governmental Funds column, p.31-32Details
Wake County, North Carolina FY2024 Annual Comprehensive Financial Report — Statement of Revenues, Expenditures and Changes in Fund Balances, Governmental Funds, Total Governmental Funds column, p.31-32Details
Wake County FY2024-25 property tax — 51.35 cents per $100 of assessed value (= 5.135 mills), as adopted: Wake County FY2025 Adopted Budget, General Fund Operating Budget Ordinance, Section 1, "fifty-one and thirty-five hundredths of a cent (51.35¢) per one hundred dollars ($100) valuation of property ... listed for taxes as of January 1, 2024"; the Wake County Tax Administration rate chart prints .5135 for 2024. FY2023-24 was 65.70 and FY2025-26 is 51.71. Assessed value is taken as market value: the county's revaluation took effect 1 January 2024. One countywide rate; fire district rates are separate. Wake funds its schools from this levyDetails
N.C. Gen. Stat. §159-13(a), budget ordinance (read 2026-10-10)Details
N.C. Gen. Stat. §159-8(b) and §159-13(a), fiscal year and budget deadline (read 2026-10-10)Details
Wake County Board of Commissioners contact page (read 2026-10-10)Details
Wake County, North Carolina FY2024 Annual Comprehensive Financial Report — Statement of Revenues, Expenditures and Changes in Fund Balances, Governmental Funds, Total Governmental Funds column, p.31-32To act on what you have read
Who Taxes Me describes. These three tools, made by the same team, are where you can do something about it. Each opens in a new tab.