Raleigh, Durham County, North Carolina Property Taxes

Name: Property Tax Bills Across Raleigh, Durham County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Raleigh, NC effective property tax rate: 1.19%, significantly higher than the national median of 1.02%, but lower than the NC state median of 0.82%.
Median Raleigh, NC home value: $234,497
Median annual Raleigh, NC tax bill: $2,703, $303 higher than the national median property tax bill of $2,400.

How are property taxes in Durham calculated?

Property taxes in Raleigh, NC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Raleigh’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Raleigh, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Raleigh, Durham County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.19%

Estimate Property Tax Bill

$2,791

$2,590

Ownwell’s Raleigh Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Raleigh with just two data points. By entering your property's estimated assessed value, our calculator applies Raleigh’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Durham. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Raleigh, Durham County, North Carolina

Local government entities set property tax rates, which can vary significantly within a state. This variation arises because each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While the process involves votes and laws, this calculation is the essence of how rates are determined each year.

In Raleigh, located in Durham County, the effective property tax rate is a crucial factor for homeowners. Compared to other cities in North Carolina, Raleigh's rate reflects a balance between the highest and lowest rates within the state. The median property tax rate in North Carolina is slightly higher than the national median, which stands at 1.02%. This comparison provides a perspective on how property taxes in Raleigh align with broader state and national trends. Understanding these rates can help homeowners make informed decisions about property investments and financial planning.

Property Tax Rates Across Raleigh, Durham County, North Carolina

Source: Ownwell

0.94%

1.13%

1.31%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Raleigh Tax Rate

1.19%

Median Effective Durham County Tax Rate

1.31%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Raleigh, Durham County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27613	0.92%	0.94%	0.99%	1.19%	1.19%
27617	1.19%	1.19%	1.19%	1.19%	1.19%

Source: Ownwell

Property Tax Assessment Values Across Raleigh, Durham County, North Carolina

When examining property taxes in Raleigh, NC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Durham County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Durham County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Raleigh.

For example, the median home price in Raleigh is $234,497, with tax bills ranging significantly across the county. Zip code 27617 has the highest median home price at $237,892.

Property Tax Assessment Values Across Raleigh, Durham County, North Carolina

Source: Ownwell

$164,928

$252,967

$341,005

Median Raleigh Market Value

$234,497

Median Durham County Market Value

$220,810

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Raleigh, Durham County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27613	$172,936	$195,023	$204,267	$344,296	$476,553
27617	$222,815	$224,687	$237,892	$420,290	$481,711

Source: Ownwell

Property Tax Bills Across Raleigh, Durham County, North Carolina

In Raleigh, located in Durham County, NC, property tax bills are determined based on the assessed value of a home. This value is multiplied by the local property tax rate to calculate the annual tax bill. The median home price in Raleigh is $234,497, and property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $2,344, while at the 75th percentile, it rises to $4,010. The highest median tax bill is $2,819 in the 27617 zip code, whereas the lowest is $2,394 in the 27613 zip code. These figures are close to the national median property tax bill of $2,400. Homeowners in Raleigh can find these costs burdensome, especially when compared to the national median property tax rate of 1.02%. Ownwell assists homeowners by providing expert property tax appeal and exemption services, potentially reducing their tax bills. By leveraging local expertise and comprehensive data analysis, Ownwell helps ensure homeowners are not overpaying on their property taxes, thus offering significant savings.

Property Tax Bills Across Raleigh, Durham County, North Carolina

Source: Ownwell

$1,840

$3,120

$4,400

Median Raleigh Tax Bill

$2,703

Median Durham County Tax Bill

$2,770

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Raleigh, Durham County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27613	$2,003	$2,297	$2,394	$3,311	$4,434
27617	$2,641	$2,663	$2,819	$4,981	$5,702

Source: Ownwell