# Calculate your Raleigh property tax

June 24, 2008 1:15:11 PM PDT

Note this calculator is only valid for Raleigh residents.

First, find out the assessed value of your home by logging on to: http://services.wakegov.com/realestate/

Take the assessed value of your home and divide it by 100.

For example, if your home is assessed at \$150,000, you would calculate \$150,000/100 = 1500.

You will use that number to calculate your estimated property taxes, which are calculated based on a tax rate per each \$100 of assessed property value.

Use that figure, in our example \$1500, and multiply it by both Wake County's property tax rate and Raleigh's property tax rate.

Wake County's property tax rate is 53.4 cents per \$100 of assessed property value.

Raleigh's property tax rate is 37.35 cents per \$100 of assessed property value.

So in this example:
Wake County: .534 X 1500 = \$801 in property taxes to Wake County
Raleigh: .3735 X 1500 = \$560.25 in property taxes to Raleigh

Total property taxes for a home assessed at \$150,000 would be roughtly \$1361.25