Wake County, North Carolina Property Taxes
Census Bureau ACS property tax data for North Carolina. Population: 287,109.
The median annual property tax in Wake County is $3,023, which is 111% higher than the North Carolina state average and 57% above the national average. The effective tax rate is 0.71% on a median home value of $422,800. Property taxes represent 3.0% of the median household income in this county.
Median Annual Tax
$3,023
+111% vs State
+57% vs US
Median Home Value
$422,800
+97% vs State
+100% vs US
Effective Tax Rate
0.71%
+1% vs State
-25% vs US
With vs Without Mortgage
With Mortgage
$3,038
$253/mo
Without Mortgage
$2,983
$249/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $3,023 +4.5% | 0.71% |
| 2022 | $2,894 +8.5% | 0.75% |
| 2021 | $2,668 +5.9% | 0.82% |
| 2020 | $2,519 +4.0% | 0.84% |
| 2019 | $2,423 | 0.86% |
Tax Burden
Tax-to-Income Ratio
3.0%
of median household income
Median Income
$101,763
per year
Monthly Tax
$252
per month
Other Counties in North Carolina
Macon County
Tax: $979/yr Rate: 0.43%
Lenoir County
Tax: $985/yr Rate: 0.88%
Polk County
Tax: $1,627/yr Rate: 0.58%
Currituck County
Tax: $1,600/yr Rate: 0.46%
Yancey County
Tax: $1,058/yr Rate: 0.48%
Warren County
Tax: $1,059/yr Rate: 0.85%
Frequently Asked Questions
What is the average property tax in Wake County, North Carolina? ▼
The median annual property tax in Wake County is $3,023 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.71% on a median home value of $422,800.
How does Wake County property tax compare to the national average? ▼
Property taxes in Wake County are 57% above the national average of $1,923. The effective rate of 0.71% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Wake County? ▼
In Wake County, homeowners with a mortgage pay a median of $3,038 in annual property taxes, while homeowners without a mortgage pay $2,983. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Wake County? ▼
Property taxes in Wake County represent approximately 3.0% of the median household income of $101,763. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.