Property Tax Analysis for Wake County, NC
Property tax rates, assessment ratios, and appeal potential in Wake County.
Effective Tax Rate
0.8%
Annual Tax Bill
$2,893
Monthly Escrow
$241
Tax Burden
3% of income
Tax Assessment Details
Current Assessment
Market Value$385,700
Est. Assessed Value$327,845
Assessment Ratio~85%
Effective Rate0.8%
Appeal Potential
Potential Annual Savings$434
5-Year Savings$2,170
vs National Averagebelow (1.1%)
Appeal Success Rate~40-60%
About Property Taxes in Wake County
Wake County in North Carolina has an effective property tax rate of 0.8%, which is below the national average of 1.1%. On a median home value of $385,700, that translates to $2,893 annually or $241 per month in escrow.
Property tax assessments can often be successfully appealed. Our calculator models assessment ratios, comparable sales analysis, and appeal timing to estimate your potential savings with Monte Carlo simulation.
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