Property Tax in Wake County
via TaxByCounty
Wake stays slightly below national norm
Wake County's effective tax rate of 0.715% sits just 0.3 percentage points above the national median of 0.712%, placing it squarely in the middle of the nation's tax landscape. At $3,023 annually on a median home value of $422,800, Wake residents pay closer to the national median tax of $2,690 despite higher-valued properties.
Wake ranks slightly above state average
Wake's effective rate of 0.715% edges past North Carolina's state average of 0.701% by just 2%, making it virtually in line with statewide norms. The median property tax of $3,023 significantly exceeds the state median of $1,433, primarily reflecting Wake's much higher median home values of $422,800.
Wake's rate sits mid-range regionally
Wake's 0.715% effective rate falls between Union County's favorable 0.614% and Tyrrell's steeper 0.891%, placing it squarely in the regional middle. As North Carolina's most populous county, Wake offers relatively moderate tax rates for such a robust real estate market.
A $422,800 home costs $3,023 yearly
The typical Wake homeowner with a median-valued home of $422,800 pays approximately $3,023 in annual property taxes at the county's 0.715% rate. Those with mortgages pay an estimated $3,038 per year, while owners without mortgages pay around $2,983.
Even high-value homes warrant review
Wake County homeowners—especially those in fast-appreciating neighborhoods—should verify their assessments haven't outpaced actual market values. Requesting a reassessment through the county can catch inflated valuations and reduce your annual tax burden.