Wake County leaders are pushing back against efforts to give the state more control over property taxes. State lawmakers are considering a measure to limit property tax increases. Here's how it could affect Wake County ...

Understanding the Context

WRAL: Affordable housing property tax exemption loophole 'the biggest threat' to Wake County revenue Affordable housing property tax exemption loophole 'the biggest threat' to Wake County revenue WRAL on MSN: Wake commissioners push back on proposed property tax changes This story originally published online at NC Newsline. A growing number of apartment complex owners in Wake County and elsewhere in North Carolina are taking advantage of a state law that grants ... Tens of millions of dollars are at risk for local municipalities because of a loophole in a state law regarding affordable housing. “This is a substantial leak in your tax base,” Marcus Kinrade, Wake ...

Key Insights

WRAL: State loophole lets Raleigh-area companies cut $745 million from Wake County property rolls