Josh Stein: “The evaluations need to be market based. It does not necessarily mean that they'll be raising rates.”

“Yes, Wake county itself is upping its revaluation to every two years. How concerned are you about how that could affect affordability for housing all across the country? Well, The evaluations need to be market based. It does not necessarily mean that they'll be raising rates. They could increase the valuation, but at the same time lower the rate so it doesn't translate necessarily into higher taxes.” (13:13–13:20)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.