Cary, Wake County, North Carolina Property Taxes

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

Median Cary, NC effective property tax rate: 1.01%, slightly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median Cary, NC home value: $375,627
Median annual Cary, NC tax bill: $3,755, $1,355 higher than the national median property tax bill of $2,400.

How are property taxes in Wake County calculated?

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

Last Updated March 1, 2025

Cary, Wake County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.01%

Estimate Property Tax Bill

$3,794

$3,521

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

Property Tax Rates Across Cary, Wake County, North Carolina

Local government entities set tax rates, which can vary widely within a state. 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. In Cary, located in Wake County, property owners experience a median tax rate of 1.01%, which aligns closely with both the highest and lowest median tax rates in the area. This rate is slightly below the national median property tax rate of 1.02%, offering residents a relatively competitive tax environment. When comparing Cary’s effective property tax rate to other cities in North Carolina, it becomes evident that the region maintains a consistent approach to property taxation. With a national median property tax bill of $2400, Cary residents benefit from a tax rate that is not only competitive within the state but also on a national scale, providing a balanced approach to property tax obligations.

Property Tax Rates Across Cary, 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 Cary Tax Rate

1.01%

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 Cary, Wake County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27511	1.01%	1.01%	1.01%	1.01%	1.01%
27513	1.00%	1.01%	1.01%	1.01%	1.01%
27518	1.00%	1.01%	1.01%	1.01%	1.01%
27519	1.00%	1.01%	1.01%	1.01%	1.01%

Source: Ownwell

Property Tax Assessment Values Across Cary, Wake County, North Carolina

When examining property taxes in Cary, 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 Wake 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 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 Cary.

For example, the median home price in Cary is $375,627, with tax bills ranging significantly across the county. Zip code 27518 has the highest median home price at $438,043.

Property Tax Assessment Values Across Cary, Wake County, North Carolina

Source: Ownwell

$174,058

$394,571

$615,084

Median Cary Market Value

$375,627

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 Cary, Wake County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27511	$187,291	$252,399	$294,588	$368,593	$513,777
27513	$211,600	$273,435	$347,568	$443,981	$610,282
27518	$300,898	$376,586	$438,043	$510,888	$667,493
27519	$281,248	$338,486	$426,765	$547,719	$677,904

Source: Ownwell

Property Tax Bills Across Cary, Wake County, North Carolina

In Cary, located within Wake County, NC, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Cary is $375,627, which influences the overall tax bill. Homeowners in this area pay a median property tax bill that can vary significantly, with the 25th percentile at $2,913 and the 75th percentile reaching $4,861. For those in the 90th percentile, the tax bill climbs to $6,456. Comparatively, the national median property tax bill is $2,400.

The property tax rate in Cary is influenced by various factors, including local government budgets and public service funding requirements. Homeowners can experience financial strain due to these taxes. However, Ownwell offers a solution by providing property tax appeal and exemption services. By evaluating your property's assessed value and ensuring it aligns with current market trends, Ownwell can potentially reduce your property tax bill. This service not only helps homeowners save money but also ensures they are not overpaying compared to their property's true market value.

Property Tax Bills Across Cary, Wake County, North Carolina

Source: Ownwell

$1,314

$3,992

$6,670

Median Cary Tax Bill

$3,755

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 Cary, Wake County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27511	$1,808	$2,497	$2,951	$3,694	$5,114
27513	$2,027	$2,711	$3,475	$4,417	$6,068
27518	$2,771	$3,732	$4,378	$5,108	$6,644
27519	$2,769	$3,382	$4,250	$5,464	$6,796

Source: Ownwell