Comprehensive Annual Financial Report - Fiscal Year ended 6/30/2017

PROPERTY TAX RATES DIRECT AND OVERLAPPING GOVERNMENTS (PER $100 OF ASSESSED VALUE) LAST TEN FISCAL YEARS Wake County Fiscal Year City Rate Rate Total 2008 0.4350 0.6780 1.1130 2009 (1) 0.3735 0.5340 0.9075 2010 0.3735 0.5340 0.9075 2011 0.3735 0.5340 0.9075 2012 0.3735 0.5340 0.9075 2013 0.3826 0.5340 0.9166 2014 0.3826 0.5340 0.9166 2015 0.4038 0.5780 0.9818 2016 0.4210 0.6145 1.0355 2017 (1) 0.4183 0.6005 1.0188 Note: (1) Tax rate decrease due to revaluation. Source: Wake County Tax Administrator Other Tax Data: Property taxes are listed and assessed as of January 1 , and the collections are first budgeted for the fiscal year beginning the next July 1 . The City rate is completely applicable to general government and not divided among other components. There is a State statutory tax rated limit of $1.50 per hundred dollars valuation for operating expenses, but no limitation on the rate of tax which may be levied for debt service. The City has no financial responsibility for any part of the public school system. The school budget is approved and funded by the Wake County Board of Commissioners with revenues derived from County, State and Federal governments. City of Raleigh _____________________________________________________________ Statistical Section ____________________________________________________________ __________________________________________________________ 181 __________________________________________________________

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