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19 <br /> Wake County Fee Increase <br /> • Wake County presented to Tax Assessment Workgroup on December 2nd <br /> • In 2021 went through similar review of its costs to municipalities, which was <br /> significantly below peers. <br /> • Implemented four-year phase in from FY 2022 through FY 2025 from 0 .2% to <br /> 0 .75% . <br /> • Goal was to have Municipal Fees cover 50% of Operating and Revaluation <br /> expenses. <br /> • Funded enhancements to the office in that four-year window. <br /> • Since 2024 revaluation , Wake BOCC committed to a transition from 4-year <br /> cycle to 2-year cycle by 2029. <br /> ORANGE Q.OUNTY <br /> 6 NC)RTH CARC7LINA <br />