Asheville Property Tax Hike Aims to Close $12 Million Budget Gap
By Marcus Thompson | Published 2026-02-23T13:51:32.178Z
News
Location: Asheville, Buncombe County, Western NC
Asheville property taxes are rising! Council approves 4.2% hike to address $12M deficit. How will it impact homeowners and businesses?
Faced with a $12 million budget deficit, Asheville residents can expect to pay higher property taxes after the City Council voted 5-2 on Monday morning to raise them 4.2% for the upcoming fiscal year, according to city records. The decision will cost homeowners in the greater Asheville area an average of $180 more per year, according to estimates. Effective July 1, 2026, the tax hike has sparked debate about economic pressures amid inflation and a slowing job market, according to some economists
Tags: asheville, property taxes, budget deficit, buncombe county, infrastructure, tourism, economy
Keywords: Asheville property tax, Buncombe County taxes, Asheville budget deficit, property tax increase, Asheville economy, WNC economy, tourism decline