For the median home in Buncombe County — worth $231,400 before revaluation and $291,000 now — the new rate would boost taxes by over 16%, from $1,224 to $1,423 per year. The percentage increase is greater than the roughly 14% rise commissioners approved in 2017.
If the Buncombe County Board of Commissioners were to maintain the property tax rate at 52.9 cents per $100 of assessed value for fiscal year 2021-22, noted Buncombe budget analyst Rusty Mau, the county would see about $237 million in property tax revenue, up nearly 12% from the $212 million budgeted for 2020-21.
