Asheville Property Tax Hike Approved to Close $12M Budget Gap
By Marcus Thompson | Published 2026-02-23T19:11:22.742Z
News
Location: Asheville, NC, Buncombe County
Asheville City Council approves property tax hike to bridge $12M budget gap. Impact on homeowners and businesses in Western NC.
Asheville property owners will pay more this year after the City Council, in a five-to-two vote on Monday, approved a 4.2 percent property tax increase. The change, which takes effect July 1, aims to address a $12 million budget deficit. It will impact an estimated 45,000 property owners within city limits, adding an average of $120 to $150 annually to the tax bill for a $300,000 home, as many in western North Carolina already grapple with rising living costs.
The increase translates to an addit
Tags: asheville, property tax, budget deficit, buncombe county, hurricane helene, asheville city council
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