Asheville Property Taxes to Jump 4.2% Amid Deficit
By Marcus Thompson | Published 2026-02-23T20:24:31.741Z
News
Location: Asheville, Buncombe County, Western North Carolina
Asheville property taxes are set to rise 4.2% to address a $12M deficit. Impact on homeowners, tourism, and city services discussed.
Asheville homeowners will see an average increase of $180 on their annual property tax bills after the City Council voted 5-2 on Monday to raise taxes 4.2% for the upcoming fiscal year. The increase is meant to address a $12 million budget deficit, which officials blame on rising infrastructure costs and stagnant state funding. Effective July 1, 2026, the tax hike has sparked debate among residents and business leaders concerned about economic pressures amid inflation and a slowdown in tourism.
Tags: asheville, property taxes, budget deficit, buncombe county, hurricane helene, tourism, economy
Keywords: asheville property tax, buncombe county taxes, asheville budget deficit, wnc economy, asheville city council, hurricane helene recovery, tourism decline, property tax increase