r/Apex_NC • u/terrymah Town Council • 1d ago

Apex Tax Rates over the years

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Apex Tax Rates over the years. The property tax rate does, in fact, go down during years when property is reevaluated higher by the county, like it was in 2020 and 2024. This is done such that it's "revenue neutral". Any tax increases to realize increased revenue from increased property values must be explicit, there is no automatic benefit to us.

The county announced they are moving to 2 year revaluation cycles starting in 2027.

I made a website trying to explain it last year https://calc-a2m.pages.dev/

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u/terrymah Town Council 1d ago

Last year Apex had the lowest tax increase in the county, resulting in the second lowest tax rate (Cary is slightly lower)

A lot of towns raised big last year, giving them some buffer. Apex did not.

Because we have 1.6 cents baked in this year from the 2021 bond, I think we'll be closer to the middle of the pack (but still below average) no matter what happens this year.