About this episode
The episode discusses the rising property taxes and insurance rates in Wake County and their impact on consumer spending power.
Property taxes are going up in Wake County. This is on top of a 2024 tax valuation that saw increases in tax assessed values of over 50%. Homeowners insurance is up 15% over the past two years. Auto insurance up 5%. Duke Energy is seeking an 18% increase after only recently getting a 20% increase. Increasing rates are decreasing consumer spending power as wages have not followed suit. Individually, each rate increase may not seem significant, but collective...
People in this episode
Host: Brian Groesser
Topics covered
- property taxes
- consumer spending
- insurance rates
- economic impact
- tax valuation
Keywords
- property taxes
- Wake County
- insurance rates
- Duke Energy
- consumer spending
- tax valuation
- economic impact
Mentioned in this episode
Organizations: Duke Energy
Places: Wake County
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