Raleigh, Wake County, North Carolina Property Taxes
Median Raleigh, NC effective property tax rate: 1.10%, significantly higher than the national median of 1.02%, but lower than the NC state median of 0.82%.
Median Raleigh, NC home value: $274,892
Median annual Raleigh, NC tax bill: $2,834, $434 higher than the national median property tax bill of $2,400.
How are property taxes in Wake County 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, Wake County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.1%
Estimate Property Tax Bill
$3,024
$2,806
Property Tax Rates Across Raleigh, 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.
Raleigh in Wake County, North Carolina, exemplifies this variability. The city's effective property tax rate is a reflection of the local government's budgeting needs compared to the total assessed property values. In Raleigh, the median property tax rate is 1.10%, which aligns with the highest median tax rate in the area. This is slightly above the national median property tax rate of 1.02%. However, within the same region, some areas such as the 27603 ZIP code have a lower median tax rate of 0.79%, illustrating the diversity in tax rates even within close proximity. By understanding these variations, property owners can better navigate their financial responsibilities and potentially explore appealing their property taxes if they believe their assessment is not reflective of market values.
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
1.10%
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 Raleigh, Wake County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27601 | 1.09% | 1.09% | 1.10% | 1.10% | 1.17% |
| 27603 | 0.78% | 0.79% | 0.79% | 1.10% | 1.17% |
| 27604 | 0.79% | 1.10% | 1.10% | 1.10% | 1.10% |
| 27605 | 1.09% | 1.09% | 1.10% | 1.10% | 1.10% |
| 27606 | 0.78% | 0.79% | 1.10% | 1.10% | 1.11% |
| 27607 | 0.79% | 1.09% | 1.09% | 1.10% | 1.10% |
| 27608 | 1.09% | 1.09% | 1.09% | 1.09% | 1.10% |
| 27609 | 1.09% | 1.09% | 1.10% | 1.10% | 1.10% |
| 27610 | 0.79% | 1.10% | 1.10% | 1.10% | 1.11% |
| 27612 | 1.09% | 1.09% | 1.10% | 1.10% | 1.10% |
| 27613 | 0.78% | 0.78% | 1.09% | 1.10% | 1.10% |
| 27614 | 0.78% | 0.78% | 1.09% | 1.10% | 1.10% |
| 27615 | 0.78% | 1.09% | 1.10% | 1.10% | 1.10% |
| 27616 | 0.79% | 1.10% | 1.10% | 1.10% | 1.10% |
| 27617 | 1.09% | 1.10% | 1.10% | 1.10% | 1.10% |
| 27690 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Raleigh, Wake 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 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 Raleigh. For example, the median home price in Raleigh is $274,892, with tax bills ranging significantly across the county. Zip code 27608 has the highest median home price at $615,084.
Property Tax Assessment Values Across Raleigh, Wake County, North Carolina
Source: Ownwell
$174,058
$394,571
$615,084
Median Raleigh Market Value
$274,892
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 Raleigh, Wake County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27601 | $171,775 | $238,619 | $352,009 | $458,139 | $599,507 |
| 27603 | $143,102 | $186,449 | $247,891 | $337,196 | $430,169 |
| 27604 | $143,309 | $173,474 | $207,346 | $271,412 | $390,036 |
| 27605 | $161,344 | $211,421 | $298,199 | $590,539 | $836,897 |
| 27606 | $123,175 | $174,992 | $267,227 | $386,956 | $540,095 |
| 27607 | $246,980 | $338,828 | $425,482 | $615,486 | $906,193 |
| 27608 | $323,260 | $427,576 | $615,084 | $857,770 | $1,163,963 |
| 27609 | $165,928 | $233,263 | $329,726 | $490,310 | $876,220 |
| 27610 | $129,895 | $154,777 | $189,673 | $228,837 | $289,889 |
| 27612 | $193,048 | $262,246 | $343,304 | $462,439 | $686,172 |
| 27613 | $206,968 | $269,175 | $363,108 | $456,582 | $591,200 |
| 27614 | $212,152 | $291,552 | $405,998 | $529,166 | $814,475 |
| 27615 | $174,088 | $245,142 | $325,298 | $446,940 | $617,687 |
| 27616 | $166,349 | $186,977 | $232,302 | $280,060 | $327,526 |
| 27617 | $201,594 | $235,748 | $297,782 | $380,018 | $572,820 |
| 27690 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Raleigh, Wake County, North Carolina
In Raleigh, Wake County, property tax bills are calculated based on the assessed value of a home, which is determined by the county tax assessor. The tax rate is applied to this assessed value to determine the tax bill. Various factors influence the assessed value, including the home's size, location, and market conditions. For homeowners, this means that fluctuations in the real estate market or changes in property characteristics can impact their tax bills significantly.
In Raleigh, the median home price is $274,892, which influences the property tax bills that range between the 25th percentile at $2,045 and the 90th percentile at $5,867. This is in comparison to the national median property tax bill of $2,400. Homeowners in the 27608 zip code face the highest median tax bill of $6,670, while those in the 27610 zip code enjoy the lowest at $2,024.
Ownwell can help homeowners by reviewing their property assessments and identifying potential inaccuracies or opportunities for exemptions, ultimately aiming to reduce their property tax burden.
Median Raleigh Tax Bill
$2,834
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 Raleigh, Wake County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27601 | $1,758 | $2,461 | $3,921 | $5,043 | $6,494 |
| 27603 | $1,226 | $1,663 | $2,278 | $3,141 | $4,312 |
| 27604 | $1,426 | $1,831 | $2,199 | $2,886 | $4,040 |
| 27605 | $1,779 | $2,331 | $3,267 | $6,441 | $9,072 |
| 27606 | $1,307 | $1,864 | $2,695 | $3,571 | $4,729 |
| 27607 | $2,482 | $3,380 | $4,527 | $6,637 | $9,841 |
| 27608 | $3,457 | $4,622 | $6,670 | $9,288 | $12,568 |
| 27609 | $1,774 | $2,432 | $3,539 | $5,303 | $9,455 |
| 27610 | $1,277 | $1,635 | $2,024 | $2,449 | $2,961 |
| 27612 | $1,966 | $2,805 | $3,700 | $4,969 | $7,368 |
| 27613 | $2,172 | $2,662 | $3,336 | $4,226 | $5,546 |
| 27614 | $2,128 | $2,894 | $3,908 | $5,060 | $6,829 |
| 27615 | $1,785 | $2,572 | $3,384 | $4,402 | $6,219 |
| 27616 | $1,597 | $1,988 | $2,488 | $2,998 | $3,466 |
| 27617 | $2,157 | $2,577 | $3,250 | $4,143 | $6,231 |
| 27690 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell