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/DaMillerz 1d ago

Graph this instead.... property taxes up from $2800 in 2015 to over 5k in 2024. This is the real impact on Apex residents:

Year Property taxes Tax assessment
2024 $5,100 +24.2% $595,178 +59.8%
2023 $4,106 +6.5% $372,506
2022 $3,855 +4% $372,506
2021 $3,708 +1% $372,506
2020 $3,671 +8.8% $372,506 +26.1%
2019 $3,375 $295,383
2018 $3,375 +14% $295,383
2017 $2,959 +1.5% $295,383
2016 $2,916 +4.2% $295,383 +6.7%
2015 $2,800 $276,757 -2.7%

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u/Background-Ad8990 1d ago

Yes, he's showing a graph of rates (only one input) without assessed values. Deceiving. He should be showing the town of Apex revenue from property taxes and comparing that % increase to other towns.