05/19/2026
CALCULATE YOUR TAX INCREASE
What started as a 30M gap is now a 8.9M gap. The proposed budget will be open for public comment at the next Council meeting on May 26. I'll post links to the document and meeting info in the comments.
I continue to work on cost savings and ways to reduce the gap. In the meantime, here's how to calculate the potential impacts to your tax bill if adopted as proposed. The city is looking at a $.0495 increase. That's 4.95 cents per $100 of value. I'll walk through the math below.
Step one: determine your recently appraised home value. it was mailed to you. You can also find it quickly by entering your address here: https://prc-buncombe.spatialest.com/
Math:
Your home value = 465,000 (median)
Your home value / 100 = 4,650
4,650 x $.0495 = $230 in new annual tax
The County is also proposing an increase of $0.043 and you can use the same equation: 4,650 x $0.043 = $200
Additionally, the city increased fees for solid waste, stormwater, and water, totaling an expected $67 per year, regardless of home value.
So, if your home value is $465,000 you are looking at a combined impact of $497 a year in increases. This is a significant number and doesn't reflect additional increases from widespread homeowners insurance increases post Helene.
If your home value is $300,000 you are looking at an increase of $345 / year
If your home value is $400,000 you are looking at an increase of $437 / year
If your home value is $500,000 you are looking at an increase of $529 / year
If your home value is $600,000 you are looking at an increase of $622 / year
What does "median home value" mean? Commonly and mistakenly thought to be an average, median is another term for 'middle point'. If median home value is $465,000 that means half the homes in Asheville are valued at below $465k and half the homes are valued above $465k.
The median home value in Buncombe is now $446,500 (post reval) and is $465,000 in Asheville.
Reach out to Council and County Commission with questions, concerns, etc. Public comment will be held May 26 but that is just one way to reach me. You can comment here, message me, and email me as well.