Raleigh - How Much Am I Gonna Pay in Property Taxes? 2008 Wake County Taxes by City and Home Value

By
Home Builder with Stanton Homes - New Home Builder

Wake County NC Property Taxes

How to Find out How Much You'll Pay

Whether you're considering relocating from one side of the Triangle to the other, or coming to Raleigh from Florida, New Jersey, New York, or elsewhere, you've probably wondered what the yearly property taxes might be for your new home.

Read up-to-date Wake County property tax information here.

When were property values last adjusted (assessed)?

Wake County reassessed property values on January 1, 2008.  Many homes saw an increase of value, particularly since it's been 8 years since the last reassessment. 

How Much are 2008 Property Taxes in Raleigh or Wake County?

Here are the 2008 rates, by town.  To get the total property tax rate for a town, simply add the county tax to the town tax.  For example, Apex has a town rate of .34, and the Wake County rate is .534.  Add the two together - the total tax rate for Apex, NC is .8740

Are 2008 Wake County Property Tax Rates Lower or Higher than 2007 Rates?

Almost every rate has decreased in 2008, which probably corresponds somewhat to the increase in assessed values.  For example, Apex NC had a tax rate of .40 in 2007, but only .34 in 2008.

Wake County Property Taxes by Town - How Much Will You Pay - 2008 Property Tax Rates

How Do I Figure Out What These Wake County Property Tax Numbers Mean?

It's not as confusing as it looks.  The tax rates are based on the assessed value of the home, not the asking price. 

  • Divide the assessed value by 100.
  • Multiply the result by the combined rate on the right side of the table.
  • The result will be your yearly property tax bill, as of 2007. 

Wake County Property Tax Rates - Raleigh Relocation Package

This table gives sample property tax bills for all the cities in Wake County: Angier, Apex, Cary, Clayton, Fuquay Varina, Garner, Holly Springs, Knightdale, Morrisville, Raleigh, Rolesville, Wake Forest, Wendell, and Zebulon.

Where Should I Live to Get the Lowest Property Tax Rate?

Your tax bill can be lower if your home or property is not actually within a municipality, or town.  If this is the case, you'll pay just the County rate, plus most likely a fire district tax and/or the RTP special district tax. 

The fire district tax rate is .08, and the special district tax rates vary from .036 to .14.

So at a minimum, you'll pay .614 per hundred when living outside city limits in Wake County. 

There can be a few more special situations.  Some areas of Angier, Raleigh, and Wake Forest may be subject to a special district tax rate in addition to the rates shown above.  Wendell is also subject to the current fire district tax rate.

What County Will My New Home Be In?

When looking at properties, don't take the city address for granted - you could be in a different county, with different tax rates, depending on where exactly the property is located.

Clayton - depending on the address, could be in Wake County or Johnston County.

Fuquay-Varina - could be in Wake County or Harnett County.

Apex - could be in Wake County or Chatham County.

Wake Forest - could be in Wake County or Franklin County.

Wendell - could be in Wake County or Johnston County.

If there's a particular home that you're considering, you can go directly to the Wake County Tax Records site, type in the address, and see the assessed value of the property.   The reassessments have just been completed, though, and Wake County is not noted for 100% accuracy in assessing the values of property, so what you see may be either higher or lower than the asking value of the property.   If there is a discrepancy, don't be afraid to ask your real estate agent to pull comps for you!

  

Raleigh NC New Home Resources - Building a Home in Raleigh

 

Raleigh NC New Home Builders

 

Build On Your Lot in Raleigh, NC

 

Accessible Homes NC – Accessible Builders in Raleigh

 

Acreage Lots for Sale Raleigh, NC

 

Golf Course Communities – New Homes on a Golf Course in Raleigh

 

Raleigh, NC New Home Lots and Land

 

Most Up-to-Date Raleigh Market Reports - How is the Housing Market in Raleigh?

 

Posted by

 

 

New Custom Homes in the Raleigh Area - and throughout central North Carolina

 

New Homes Raleigh NC - New Home Raleigh - Raleigh NC New Homes - New Home Raleigh NCStanton Homes makes building your new custom home easy!  We'll guide you through the entire process.  Your custom home is going to be extraordinary when you create it with one of the nation’s top fully involved builders and the high quality materials and craftsmanship that our reputation is built on. View available homes here.

Call 919-278-8070 to find out more about new homes in the Raleigh area. 

Top 10 Best Floor Plans      
Articles copyright Stanton Homes 2006-2018.  Unauthorized use is not permitted.  Provided for informational purposes only, no claims are made by Stanton Homes regarding the validity of any statements.  Please note:  all listing information per MLS, and current as of posting date.  Information subject to change.  Stanton Homes does not make claims to ownership of  any lot listings, but can work with homebuyers to purchase available lots and build.  Home plans to be approved on an individual basis, subject to neighborhood restrictive covenants and lot restrictions.  Ask for further information regarding any community, lot or floor plan.  Photos represent typical homes and details of each neighborhood, to help highlight different options available in the Raleigh/Triangle area.  No claim of ownership is made to homes or land pictured.  

Save

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
North Carolina Wake County Raleigh
Groups:
North Carolina Real Estate
Realtors®
Military Relocations
Fort Bragg NC Relocation
Local Expert
Tags:
property taxes
wake county
holly springs
raleigh retirement
apex nc
raleigh relocation package
property tax rates

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
517,395

Stanton Homes

Design/Build Custom Home Builder in North Carolina
Ask your Custom Home questions here!
*
*
*
*
Spam prevention

Additional Information