True or False, the Town of Cary has the Highest Property Tax Rate in Wake County.

House of MoneyCary has the nicest parks in the area, the highest average income and more advanced degrees than other municipalities in the county, so it only makes sense it would have the highest property tax rate in Wake county, Right?  Well it’s false,  Cary does not have the highest property tax rate in wake county, in fact,   The Town of Cary has the LOWEST tax rate in Wake County!Quote Cary has lowest wake county property tax rate

I’ve overheard people comment “I can’t afford the property taxes in Cary”.    I think people look at all the great amenities that Cary provides and assume the taxes would be proportionality higher.  While it is true that homes in Cary are more expensive on average than many other parts of Wake County, the reality is a $300,000 tax valued home in Cary will cost you LESS in property taxes than any other town or city in Wake County!

So what is the tax rate and how is it calculated?

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Ski Lifts, Elevators & Cary Real Estate

Ski lifts, Elevators & Real Estate – As I enjoyed the slopes yesterday I made an interesting observation – I’ve always found people much more talkative while riding a ski lift than  an elevator, ever noticed that? Why is that? Both are transporting you from one spot to another – Is it the outdoor air on the lift? Is it the fact that you are all bundled up and have a sense of anonymity?

What does this have to do with real estate? Let’s play this out – while chatting it up on the ski lift one of the first questions is going to be “What do you do?” Once someone hears ‘real estate’ then the follow-up question is a variation of “How’s the real estate market?”

So – How is the real estate market???  (more…)

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