Oct
29
Wake County NC Property Tax: Helping make Homes Affordable
Posted by mikejaquish under For Buyers, For Realty Professionals, For Sellers, General Information
Wake County, NC, is well-known for low property tax rates, compared to other areas of the country. Our low property taxes are a welcome surprise to many who relocate here, when they compare to their state of origin.
Click Here For a Quick Wake County Photo Tour Taxes on property support county functions, including Wake County Public Schools, Wake County Public Libraries, and various Wake County Parks.
The annual property tax bill also includes muncipal property taxes which are itemized on the bill. Here are the tax rates by municipality in Wake County.
To calculate the probable taxes on a home in Wake County, one must know the “Total Value Assessed” by the County for taxes. Often this figure is in the range of 60% to 90% of the actual Market Value of the property.
North Carolina Counties also charge property tax on motor vehicles, and other personal property, at the same property tax rate. This tax is based on Kelly Blue Book valuations for vehicles or boats.
Here are sample property tax calculations for a home, and a car in Wake County, NC.
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