Property tax exact math
How much is property tax on a $450,000 home in Wake County, NC?
Using Wake County's FY2026 county property tax rate of 51.71 cents per $100 of assessed value, a $450,000 assessed home would have an estimated county-only property tax of $2,326.95 per year, or about $193.91 per month, before municipal or district items are added.
Direct answer
$193.91 per month
County-only estimateThis estimate uses the Wake County county rate only. It does not include Raleigh or town municipal taxes, fire or special district taxes, waste reduction fees, stormwater or solid waste fees, exemptions, tax relief, interest, penalties, escrow treatment, assessment changes, or future tax-year changes.
Aspire is an educational planning tool. This page does not provide tax, legal, mortgage, insurance, investment, or financial advice.
The formula
Assessed value divided by 100, then multiplied by the county rate.
$450,000 / 100 = 4,500 taxable units 4,500 x 0.5171 = $2,326.95 estimated annual county property tax $2,326.95 / 12 = $193.91 estimated monthly equivalent
The official Wake County Tax Administration formula applies the tax rate against each $100 in value. This page assumes assessed value equals $450,000.
- Assessed value
- $450,000assumed to equal the named home value
- County rate
- 0.5171dollars per $100 of assessed value
- Annual county tax
- $2,326.95county-only estimate
- Monthly equivalent
- $193.91annual estimate divided by 12
Why the actual bill can be different
A property tax estimate is not the same as a tax bill. Wake County says total bills can include municipal tax, residential waste reduction fees, fire district tax, special district tax, municipal fees, and other items depending on location and property characteristics.
The number can also change if the assessed value is different from the purchase price, if an exemption or relief program applies, if fees apply, or when rates change in a future tax year.
Future home affordability
Property tax is one carrying cost.
A monthly home number is not just the mortgage. Property tax, insurance, maintenance, HOA dues, utilities, and the future price of the home can all change the affordability picture.
Model the full carrying cost at your assumptions. Adjust the home price, timeline, tax, insurance, and growth assumptions to see the modeled Future Cost, Aspire Rate, and Aspire Gap at these assumptions.
Model the full carrying costFAQ
Caveats
Is this tax advice?
No. This is educational math using the published county rate. It is not tax, legal, mortgage, insurance, or financial advice.
Is this my exact Wake County property tax bill?
No. Your bill can differ based on assessed value, municipality, district taxes, fees, exemptions, tax relief, and tax-year changes.
Does this include Raleigh city tax?
No. The answer above uses Wake County's county rate only. If the property is inside Raleigh or another Wake County municipality, municipal taxes and fees may also apply.
Does this include insurance or mortgage costs?
No. It only estimates county property tax. Use Aspire's Future Home Affordability calculator to test broader carrying-cost assumptions.