Raleigh, NC — income, home value, property tax, and sales tax.
In ZIP 27609, part of Raleigh, homes carry a median value of $471,200, and the county-level effective property tax rate of 0.71% works out to roughly $3,345 a year in taxes on such a home. With median household income at $83,065 and per-capita income at $67,068, that tax bill equals about 4% of household earnings. Sales tax in the area combines to 7.25%. Buyers weighing a move here should expect property taxes to take a noticeable but not overwhelming share of income, especially if their earnings fall below the median.
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