Apex, Wake County, North Carolina Property Taxes

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

Median APEX, NC effective property tax rate: 1.10%, significantly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median APEX, NC home value: $366,862
Median annual APEX, NC tax bill: $3,845, $1,445 higher than the national median property tax bill of $2,400.

How are property taxes in Wake County calculated?

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

Last Updated March 1, 2025

Apex, 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

$4,035

$3,745

Ownwell’s Apex Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Apex with just two data points. By entering your property's estimated assessed value, our calculator applies Apex’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 Apex, Wake County, North Carolina

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Each county, such as Wake County, estimates its required budget annually to provide essential services. This budget is then divided by the total value of all taxable property within the jurisdiction, resulting in the property tax rate. Although votes and laws play roles in setting these rates and budgets, this is the core of the annual process.

In Apex, located in Wake County, the effective property tax rate can be compared to other cities in North Carolina as well as the median property tax rates in the state and across the U.S. With North Carolina's median property tax rate at 1.10%, it stands slightly above the national median of 1.02%. Apex's rate is reflective of the broader trends within the state, where rates can range from 0.99% to 1.10% within different zip codes. Understanding these variations can help property owners make informed decisions when considering property tax appeals or exemptions.

Property Tax Rates Across Apex, 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 Apex Tax Rate

1.10%

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 Apex, Wake County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27502	1.10%	1.10%	1.10%	1.10%	1.11%
27523	0.79%	1.10%	1.10%	1.10%	1.10%
27539	0.78%	0.79%	0.99%	1.08%	1.10%

Source: Ownwell

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

When examining property taxes in Apex, 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 Apex.

For example, the median home price in Apex is $366,862, with tax bills ranging significantly across the county. Zip code 27523 has the highest median home price at $437,899.

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

Source: Ownwell

$174,058

$394,571

$615,084

Median Apex Market Value

$366,862

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 Apex, Wake County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27502	$220,287	$285,322	$345,130	$435,800	$534,720
27523	$304,386	$350,376	$437,899	$565,773	$754,962
27539	$207,162	$258,641	$370,690	$480,349	$581,815

Source: Ownwell

Property Tax Bills Across Apex, Wake County, North Carolina

In Apex, located in Wake County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Factors influencing this calculation include the property's location, size, and condition. Apex homeowners experience a median tax bill that ranges from $2,981 at the 25th percentile to $4,932 at the 75th percentile, with the 90th percentile reaching $5,999. Notably, the highest median tax bill within the area is $4,627 in zip code 27523, while the lowest is $3,425 in zip code 27539. These figures are above the national median property tax bill of $2,400, highlighting the significant financial impact on homeowners in the region. Ownwell can assist by providing expert property tax appeal services, potentially lowering your tax bill by ensuring your property is assessed fairly and accurately. This can result in substantial savings, easing the financial burden on homeowners.

Property Tax Bills Across Apex, Wake County, North Carolina

Source: Ownwell

$1,314

$3,992

$6,670

Median Apex Tax Bill

$3,845

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 Apex, Wake County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27502	$2,382	$3,094	$3,756	$4,735	$5,765
27523	$3,060	$3,733	$4,627	$5,925	$7,963
27539	$1,625	$2,367	$3,425	$4,702	$5,495

Source: Ownwell