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Wake North Carolina online Form 2848: What You Should Know

Notice: An electronic system will soon automatically provide an assessment of taxes for the County of Wake as approved by the Secretary of Revenue of North Carolina, the Department of Revenue. The following is a list of Wake County property tax units established with the City of Wake. They are: Unit No. Description  Unit No. 1 The Central Park District (including the parking garages at North Carolina Route 1, Witherspoon Avenue and Lake Ridge Drive) The City of Wake assesses taxes on the assessed value of the land on which buildings, structures, recreational facilities, and recreational lands, recreational vehicles and golf carts are located and which is used for public use. The City of Wake assesses taxes on the increased value of the property as taxes are increased in accordance with State General Statute Section 68A-1004. This unit is currently assessed at 23.95 per 10,000 of assessed value. Unit No. 2 The Rose dale Unit The City of Wake assesses the following uses, including those authorized for special uses, as it relates to the County of Wake as provided by the Statewide Special Needs Tax Act (the “SEAT Act”) through a combination of a “special use tax” (a use, condition and/or use fees levied against the use, condition and/or use fees on the tax rolls), a “special use tax increment” (a change in the use tax rate used to calculate the amount of the special use tax) and, for the city of Raleigh, a “special use tax extension” that may be used to establish the increase in tax rate of special use taxes. The City of Wake assesses taxes on the increased value of the property as taxes are increased in accordance with State General Statute Section 68A-1004. Unit No.

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