What is Raleigh's property tax rate?

Raleigh's effective property tax rate is roughly 0.86% of assessed value, combining the City of Raleigh rate with the Wake County rate. The exact rate is set annually as a mill levy per $100 of value.

How is property assessed in North Carolina?

North Carolina assesses real property at 100% of its fair market value as of the last county revaluation. Wake County revalues on a regular cycle, so your assessed value should track market value.

Are there exemptions in Wake County?

Yes. North Carolina offers an elderly or disabled exclusion that removes the greater of $25,000 or 50% of the appraised value for qualifying low-income owners, plus disabled-veteran exclusions. Eligibility rules apply.

Does this include city and county taxes?

The 0.86% default blends the City of Raleigh and Wake County rates into one effective figure. Special districts, fire taxes, or municipal service fees can push your actual rate higher.

Is this an exact bill?

No. It is an estimate. Your real bill depends on the current adopted tax rate, any special district levies, and exclusions, so check your Wake County tax notice for the exact amount.

Raleigh Property Tax Estimator

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This estimator turns your Raleigh home value into an annual property tax figure using the combined City of Raleigh and Wake County effective rate of about 0.86%. North Carolina assesses property at 100% of market value, so there is no fractional assessment ratio to apply.

How it works

The taxable value is your assessed value minus any exclusion, multiplied by the combined effective rate:

taxable = max(assessed_value - exclusion, 0)
annual  = taxable * 0.0086
monthly = annual / 12

The optional elderly or disabled exclusion removes the greater of $25,000 or 50% of the appraised value from the taxable base for qualifying owners.

Example

A $400,000 home with no exclusion is taxed at 400000 * 0.0086 = $3,440 per year, or about $287 per month. With the elderly exclusion at 50%, the taxable value drops to $200,000 and the tax falls to about $1,720.

Notes

This is an estimate. The 0.86% figure blends city and county rates; special districts and fire taxes can raise it. Confirm your assessed value and the adopted rate on your Wake County tax bill.