Tax assessment Forms for Wake
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FAQ
Wake County's property tax rate is 53.4 cents per $100 of assessed property value. Raleigh's property tax rate is 37.35 cents per $100 of assessed property value.
In North Carolina, real estate reappraisals are required to be conducted at least once every eight years. Wake County performs reappraisals on a four-year cycle.
Assessments in North Carolina are conducted at least once in four years. However, this means you have to ensure your home is properly assessed or end up overpaying your property taxes for that period. The state allows you to appeal property taxes to the local Board of Equalization if your home has been wrongly valued.
Take the assessed value of your home and divide it by 100. For example, if your home is assessed at $150,000, you would calculate $150,000/100 = 1500.Wake County's property tax rate is 53.4 cents per $100 of assessed property value. Raleigh's property tax rate is 37.35 cents per $100 of assessed property value.
Residents of Wake County have an average effective property tax rate of 0.88% and the median annual property tax payment is $2,327.
North Carolina excludes from property taxes a portion of the appraised value of a permanent residence owned and occupied by North Carolina residents aged 65 or older or totally and permanently disabled whose 2021 income does not exceed $31,900 annually.