Apex homeowners face tax increase to expand public safety, utlities

The budget passed on Tuesday raises Apex's property tax rate from 35.6 cents to 37.35 cents per $100 of assessed value, or a cost of about $105 more per year for the owner of a $600,000 home.

Apex property owners will pay more in fiscal year 2026-27 for public safety staffing, fleet replacement, parks and recreation programs, technology improvements and capital projects.

The budget passed on Tuesday raises the town’s property tax rate from 35.6 cents to 37.35 cents per $100 of assessed value, or a cost of about $105 more per year for the owner of a $600,000 home.

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Some of the largest spending areas are tied to infrastructure and utilities. The budget includes millions of dollars for electric system expansion, including service to the Veridea development and the future North Carolina Children’s Hospital, as well as money for electric substation work, water system upgrades and stream stabilization.

The budget also proposes changes to electric, water, sewer and solid waste rates, meaning residents could see higher costs beyond the property tax increase.

The proposal comes as Apex continues to grow and faces rising demand for town services, infrastructure and staffing. Town leaders are expected to continue reviewing the budget before adopting a final spending plan.