Cary 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!
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?