Sources & details
Property taxes & revaluation: the full record
The support file for Your new value is coming. Here's what actually moves your bill: each fact with its source, the rate history behind the chart and the complete source list.
Fact by fact
What the record shows
| Fact | Source |
|---|---|
| Wake County is revaluing every property as of Jan. 1, 2027. Owners start getting new value notices by Jan. 22, 2027; the planned appeal deadline is Apr. 30, 2027. | Wake County, Revaluation 2027 (captured Oct. 4, 2026) |
| After the 2024 revaluation, when Apex's total assessed value rose 56% ($12.49B to $19.46B), the Town rate was cut from 44¢ to 34¢. The revenue-neutral rate was 30.2¢ (including a 6.55% growth adjustment). | Town of Apex FY24-25 budget (PDF, p. 12) |
| Apex's rate by tax year, 2016–2025 (see the table below). | Wake County published tax rate tables, tax years 2016–2025 |
| FY26: the manager's draft added 0.9¢ for operations on top of 1.6¢ for the voter-approved 2021 Streets & Sidewalks bond. Through the Finance Committee (Mahaffey and Council Member Ed Gray), Mahaffey asked for cut scenarios, then moved to cut the full 0.9¢. The rate stayed flat apart from the bond (35.6¢). | Mahaffey newsletter, May 2025 |
| On Apr. 16, 2026, the recommended FY27 budget raised the rate from 35.6¢ to 39.14¢, about 3.5¢, for public safety, the Community Investment Fund, fleet replacement and other items. | Approved minutes, Apr. 16, 2026 (slide 20, PDF p. 365) |
| On May 7, 2026, Mahaffey published an alternative budget built on vacancy savings, fund balance, software savings and revenue changes, targeting 1.75¢. | “My Alternative Budget Proposal for Apex,” May 7, 2026 |
| On May 21, 2026, Mahaffey moved (Gray seconded) to direct staff to build the budget on a 1.75¢ increase while protecting the Community Investment Fund. Vote 5–0. | Approved minutes, May 21, 2026 (PDF pp. 542–543); Mahaffey newsletter, May 22, 2026 |
| The adopted FY26-27 Apex rate is 37.35¢ per $100, an increase of 1.75¢ from FY25-26. | Town of Apex budget page |
| Wake County's FY27 rate is 53.71¢, a 2-cent increase. | Wake County FY27 budget release |
| The average statewide homeowners insurance base rate rose 7.5% on June 1, 2025 and 7.5% on June 1, 2026. | NC Dept. of Insurance, Jan. 17, 2025 |
| The 30-year fixed mortgage average was 7.28% in the latest weekly survey (Oct. 1, 2026). | Freddie Mac Primary Mortgage Market Survey; weekly series used by the chart: pmms30.json |
Data
Apex tax rate by tax year
The values plotted in the story's rate chart, in cents per $100 of assessed value.
| Tax year | Rate |
|---|
Sources
Complete source list
- Wake County, Revaluation 2027 (timeline), and FY27 budget release (53.71¢), captured Oct. 4, 2026.
- Town of Apex, FY24-25 budget (44¢ to 34¢; revenue-neutral 30.2¢; assessed value $12.49B to $19.46B), and budget page (FY26-27 rate 37.35¢).
- Wake County published tax rate tables, tax years 2016–2025 (Apex rates).
- Town of Apex approved minutes: Apr. 16, 2026 recommended budget presentation; May 21, 2026 budget work session. Combined 2026 minutes (PDF).
- Terry Mahaffey newsletters: FY26 rate (2025); alternative budget (May 7, 2026); tax rate decision (May 22, 2026).
- NC Department of Insurance, homeowners rate settlement, Jan. 17, 2025.
- Freddie Mac, Primary Mortgage Market Survey (30-year fixed, weekly; latest Oct. 1, 2026: 7.28%).
Info current as of October 4, 2026. Calculator results are illustrations, not tax bills.