The American Dream, home ownership in Wake County, is moving out of the reach of low and moderate income families. The monthly payments for property taxes mean fewer families qualify to buy homes.
The additional taxes generated to support this huge increase in debt mean the property taxes in Wake County continue an upward climb and will reach the levels outlined below.
What the additional Bond Tax will mean to a home owner. The below shows the total tax in two Wake cities with the bond tax added in. To find your monthly property tax, go to the bottom and multiply your home value by the tax rate and divide by 12: Raleigh: Average Home Price $222,467 Property taxes will cost $198.18/ Month $150,000 House - $133.62/month $200,000 House - $178.16/month $250,000 House - $222.71/month
Garner: Average Home Price $144,474 Property taxes will cost $145.58/ Month $150,000 House - $150.11/month $200,000 House - $200.15/month $250,000 House - $251.87/month
Unincorporated Wake County: 0.681 (does not include special tax district tax) Angier: 0.01211 Apex 0.01081 Cary: 0.01101 Fuquay Varina: 0.01201 Holly Springs: 0.01211 Knightdale: 0.01181 Morrisville: 0.011487 Rolesville: 0.01166 Wake Forest: 0.01221 Wendell: 0.01221