CORRECTION

A front-page graphic Monday outlining tax rates for Wake County towns did not include county fire tax charges for the town of Wendell. In 2007, property in Wendell was taxed $1,310 per $100,000 of value. In 2008, property will be taxed at $1,100 per $100,000 of value.

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After months of work, Wake County and its cities and towns have set their tax rate for next year.

The process ran in tandem with the state mandated property revaluation, required every eight years. The revaluation assessed property values on average 42 percent higher across the county. Some values changed little from 2007s rate. Some values doubled or tripled.

To adjust for the revaluation, Wake County and its cities and town lowered tax rates to account for the rise in property values.

Before your bill gets mailed on July 21, try The News & Observer's property tax calculator to get an estimate on what the tax man wants from you.

Use the calculator at the left for a quick glimpse or visit our Interactive Graphic to use the calculator, see how the new tax rates affect properties at different values, and see how the value of real property has increased around Wake County.