Raleigh Residential Real Estate – Local Property Taxes May be going up – Bond Issues are on the October 9, 2007 Wake County Election Ballot – What are they and are they worth it?
Raleigh Residential Real Estate – Local Property Taxes May be going up – Bond Issues are on the October 9, 2007 Wake County Election Ballot – What are they and are they worth it?
In the next several blogs, I will review the upcoming bond referenda to help you decide how to vote on October 9.
There are three bond issues to consider.
- Public Libraries  $45 million
- Wake Technical College  $92 million
- Wake County Open Space  $50 million
If all of the issues pass, repaying the bonds and the operating expenses will require a tax increase of 2.25 cents per $100 of valuation.
How will this affect your taxes? If your Wake County home is valued at $200,000 then your taxes would go up $45 per year.
We have lots of local Raleigh, area information on our website: The Poling Team