By Jon Tharp, Broker · May 17, 2026
At a Glance
Waynesville's town board is proposing a 2-cent property tax increase, raising the rate to 49.9 cents per $100 of assessed value, to help close a $721,000 shortfall in the town's $20.5 million general fund. The primary driver is employee compensation. The town wants to keep trained staff from leaving for better-paying positions at nearby governments. A public hearing is scheduled for May 26.
Waynesville is raising property taxes this budget season, but the increase is considerably smaller than what residents in the surrounding county are facing. The town board is considering a 2-cent hike, bringing the rate to 49.9 cents per $100 of assessed value. That generates about $306,000 in new revenue and covers less than half of the $721,000 gap the town needs to close.
The shortfall doesn't come from runaway spending. Waynesville's $20.5 million general fund is under pressure from the same cost realities affecting small towns across Western NC: infrastructure, utilities, and most significantly, people. Town Manager Rob Hites has been direct about where the money is going. "We are preventing our competing local governments from poaching our trained staff," he said during budget discussions. The budget includes a pay and classification study targeting salaries at 10 percent above the median for comparable governments, keeping experienced employees from leaving for better-paying positions in nearby counties and municipalities.
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