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Updated about 9 years ago,
How can I estimate the property taxes in Raleigh, NC?
I'm looking at listings in the Raleigh, NC area.
I'll look at a listing and then I'll go to try to figure out the expenses.
I'm trying to understand how to work out the taxes.
Some listings on Realtor.com just tell you what the tax is, which is fine.
But some say no tax info available.
So then I looked at this official page here. Ok for Raleigh the property tax is 0.4038%.
But then I look at an actual listing like this one, and it appears that in 2015 they paid $2,285 on an assessed value of $218,716, or about 1.04%.
Why is that different from the official tax rate, and how can I estimate what taxes I'd expect to pay when I look at a listing?
Also are property taxes different if the property is your residence vs a rental/investment? Or does everyone pay the same rate regardless?