Wake County tax office releases proposed 2027 schedule of values, schedules Oct. 5 public hearing

Wake County's tax administration presented the proposed schedule of values (SOV) for the 2027 revaluation and asked the board to schedule a public hearing for Oct. 5.

Staff described the SOV as the statutory book of mass-appraisal parameters and rules used to value roughly 460,000 parcels for the Jan. 1, 2027 assessment date. The SOV sets ranges, depreciation schedules and adjustment factors for residential and commercial classifications and guides how the county's computer-assisted mass-appraisal system updates assessed values. The tax office emphasized that more frequent revaluations promote equity and that the public will have multiple opportunities to review proposed values and appeal before they become final.

Commissioners instructed the tax administrator to publish the required notices and make the SOV available for public inspection; staff noted more in-depth presentations and outreach, including online resources and a public hearing on Oct. 5, will follow.