Wake county in 2008 raised the Property Values on their residents home, but they also lowered the Tax Rates across the County and many of the Cities also lowered their Tax Rates as well. This in effect lowered the Wake County Residents Tax Liability on almost everyones home. Here are the 2008 Tax rates. The 2009 Rates will not be out until late spring, early summer. If you look below, you can see the change from 2007 to 2008. The rates are based on the cost per $100 in Value.
For Example a home in Raleigh with a Tax Value of $200,000 would have a Tax Bill of
Wake County Rate = 200000/ 100 = $2000 x .534 = $1068
Raleigh Rate = 200000 / 100 = $2000 x .3735 = $747
Total Tax Bill = $1815.00
This is not including recycling fee, fire district fees, etc. But these usually only tally up to $20 - $50 total
Tax Rates
WAKE COUNTY
2008 2007
.534 .678
ANGIER
.53 .53
APEX
.34 .40
CARY
.33 .42
CLAYTON
.54 .54
FUQUAY VARINA
.385 .52
GARNER
.49 .575
HOLLY SPRINGS
.415 .53
KNIGHTDALE
.40 .50
MORRISVILLE
.3665 .4677
RALEIGH
.3735 .435
ROLESVILLE
.42 .515
WAKE FOREST
.51 .55
WENDELL
.49 .54
ZEBULON
.51 .55
To read more about this, please visit the following link:
http://www.wakegov.com/NR/rdonlyres/AC8EA9E6-C572-4C65-8B15-8AC9CAB2D1B0/0/TaxRates2008.pdf
If you are looking to buy or sell in the Raleigh, NC and surround areas, please give me a call.
Brian D. Wray
Wray Realty
919-880-4188
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