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DOWNTOWN: VALUABLE AND RISING The additional tax revenue generated by dense, downtown development can provide needed funds for new or additional government services from police and fire protection to affordable housing or new infrastructure such as sidewalks, bike lanes, green space, and a bike share system for Raleigh.
This additional tax revenue is generated on far less land than development outside the CBD. Downtown is Raleighâ€™s most valuable area, as shown below, with downtown in the center of the map.
Property Values Per Acre, 2016
ASSESSED VALUE PER ACRE Less than $250,000 $250,000-$500,000 $500,000-$1,000,000 $1,000,000-$2,000,000 $2,000,000-$3,000,000 $3,000,000-$4,000,000 $4,000,000-$5,000,000 $5,000,000-$7,500,000 $7,500,000-$10,000,000 More than $10,000,000
Source: City of Raleigh Planning Department, Ray Aull
This map depicts the total assessed value of each parcel on a per acre basis as of February, 2016. Source: Wake County Revenue Department By Ray Aull, City of Raleigh Planning