MSN: 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
Chart: Zachery Eanes/Axios; Source: Wake County Wake County's biggest payers of property tax include drug makers, real estate developers, tech companies and a bank — but none of their land holdings ...
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 ...
WRAL: State loophole lets Raleigh-area companies cut $745 million from Wake County property rolls
State loophole lets Raleigh-area companies cut $745 million from Wake County property rolls
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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 ...