Wake County, North Carolina Property Taxes

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

Median Wake County effective property tax rate: 1.10%, significantly higher than the national median of 1.02%.
Median Wake County home value: $302,078
Median annual Wake County tax bill: $3,098, $698 higher than the national median property tax bill of $2,400.

How are property taxes in Wake County calculated?

Property taxes in Wake County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Raleigh or another part of Wake County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Wake County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.1%

Estimate Property Tax Bill

$3,323

$3,084

Ownwell’s Wake County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wake County with just two data points. By entering your property's estimated assessed value, our calculator applies Wake County’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 more 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 Wake County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Wake County, North Carolina

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Wake County's effective property tax rate to other counties in North Carolina or the U.S. median property tax rate. Wake County's median property tax rate of 1.10% is slightly above the national median of 1.02%. Within the county, Garner has the highest median tax rate at 1.29%, while Creedmoor enjoys the lowest at 0.67%. Understanding these variations can help property owners make informed decisions about appeals and exemptions. By comparing these rates, property owners can better grasp how their local taxes measure up against both state and national figures, potentially identifying opportunities for savings.

Property Tax Rates Across Wake County, North Carolina

Source: Ownwell

0.67%

0.98%

1.29%

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 Wake County Tax Rate

1.10%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Wake County, North Carolina

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Angier	0.81%	1.23%	1.23%	1.23%	1.23%
Apex	0.79%	1.01%	1.10%	1.10%	1.11%
Cary	1.00%	1.01%	1.01%	1.01%	1.01%
Clayton	0.79%	0.79%	0.79%	0.79%	0.79%
Creedmoor	0.34%	0.66%	0.67%	0.67%	0.78%
Durham	1.22%	1.22%	1.22%	1.22%	1.22%
Fuquay Varina	0.78%	0.79%	1.12%	1.12%	1.12%
Garner	0.79%	0.80%	1.29%	1.29%	1.30%
Holly Springs	0.79%	1.08%	1.08%	1.09%	1.09%
Knightdale	0.79%	0.79%	1.11%	1.12%	1.12%
Morrisville	1.01%	1.05%	1.06%	1.07%	1.07%
New Hill	0.78%	1.10%	1.10%	1.10%	1.10%
Raleigh	0.78%	1.09%	1.10%	1.10%	1.10%
Rolesville	1.12%	1.19%	1.21%	1.23%	1.26%
Wake Forest	0.78%	0.79%	1.17%	1.17%	1.17%
Wendell	0.78%	0.79%	1.27%	1.29%	1.31%
Willow Spring	0.78%	0.79%	0.79%	0.79%	0.80%
Youngsville	0.78%	0.79%	0.79%	0.79%	0.80%
Zebulon	0.78%	0.79%	0.80%	1.24%	1.25%

Source: Ownwell

Property Tax Assessment Values Across Wake County, North Carolina

When examining property taxes in Wake County, 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 Wake County Tax Administration 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. Assessment notices: In Wake 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 Wake County. For example, the median tax bill in Wake County is $2,400, with tax bills ranging significantly across the county. New Hill has the highest median home price at $425,317.

Property Tax Assessment Values Across Wake County, North Carolina

Source: Ownwell

$174,058

$394,571

$615,084

Median Wake County Market Value

$302,078

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Wake County, North Carolina

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Angier	$128,521	$233,688	$263,206	$294,578	$309,906
Apex	$223,486	$291,275	$366,862	$469,965	$592,607
Cary	$236,360	$293,404	$375,627	$487,406	$645,072
Clayton	$157,271	$183,384	$229,426	$282,736	$336,030
Creedmoor	$103,848	$143,131	$213,546	$413,572	$883,823
Durham	$279,984	$282,929	$291,279	$320,026	$337,665
Fuquay Varina	$179,357	$230,117	$285,924	$348,190	$416,809
Garner	$128,788	$166,323	$214,490	$286,717	$367,074
Holly Springs	$214,616	$262,691	$352,557	$452,136	$535,184
Knightdale	$145,957	$171,098	$224,261	$291,255	$357,480
Morrisville	$218,474	$270,572	$344,983	$420,591	$503,054
New Hill	$266,052	$349,391	$425,317	$476,424	$652,529
Raleigh	$156,011	$197,730	$274,892	$401,596	$586,673
Rolesville	$192,934	$258,638	$331,115	$397,569	$455,547
Wake Forest	$171,962	$244,343	$331,294	$424,318	$572,106
Wendell	$114,323	$147,613	$216,719	$298,210	$361,439
Willow Spring	$109,490	$178,765	$254,006	$328,777	$396,453
Youngsville	$111,965	$153,297	$174,058	$209,419	$396,622
Zebulon	$112,207	$147,416	$220,231	$277,441	$390,413

Source: Ownwell

Property Tax Bills Across Wake County, North Carolina

Property tax bills in Wake County, NC are calculated based on the assessed value of a property, which is determined by the county's tax assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as location, size, and market conditions influence the assessed value. In Wake County, the median home price is $302,078, with tax bills varying widely across the county. For example, the 25th percentile tax bill is $2,213, while the 75th percentile reaches $4,249, and the 90th percentile climbs to $5,634. The city of New Hill has the highest median tax bill at $4,525, whereas Creedmoor has the lowest at $1,314. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Wake County's tax bills can be relatively high, particularly in certain areas. This impacts homeowners by influencing their overall housing costs, making it essential to understand how these taxes are calculated and how they can be managed effectively.

Property Tax Bills Across Wake County, North Carolina

Source: Ownwell

$1,314

$3,992

$6,670

Median Wake County Tax Bill

$3,098

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Wake County, North Carolina

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Angier	$1,061	$2,866	$3,225	$3,607	$3,805
Apex	$2,193	$2,981	$3,845	$4,932	$5,999
Cary	$2,287	$2,913	$3,755	$4,861	$6,456
Clayton	$1,117	$1,427	$1,791	$2,215	$2,613
Creedmoor	$534	$832	$1,314	$2,219	$4,955
Durham	$3,411	$3,455	$3,551	$3,671	$4,053
Fuquay Varina	$1,624	$2,291	$2,953	$3,601	$4,278
Garner	$1,159	$1,911	$2,492	$3,313	$4,469
Holly Springs	$2,214	$2,723	$3,605	$4,789	$5,665
Knightdale	$1,179	$1,452	$2,149	$2,973	$3,674
Morrisville	$2,250	$2,853	$3,619	$4,424	$5,242
New Hill	$2,116	$3,580	$4,525	$5,097	$6,706
Raleigh	$1,551	$2,045	$2,834	$4,035	$5,867
Rolesville	$2,353	$3,089	$3,880	$4,671	$5,313
Wake Forest	$1,595	$2,410	$3,436	$4,478	$5,456
Wendell	$897	$1,379	$2,209	$3,266	$4,129
Willow Spring	$810	$1,375	$1,940	$2,556	$3,092
Youngsville	$809	$1,190	$1,337	$1,595	$2,922
Zebulon	$913	$1,415	$2,212	$2,973	$3,434

Source: Ownwell