The other agents who have already responded to you are accurate in the information of what the tax rates are and where you go to get the current rates. The one other factor that must be considered is the tax valuation of the property. Our tax rates were set in January 2008 to be effective for the next 8 years (likely to be only 4 years, but nothing official on that yet). You'll remember that the market was rising in 2006 and 2007 when the assessors were completing their caculations. Keep in mind that with a rollout date of January 1st 2008, the majority of the work was completed by mid-2007. By mid 2007 the market had flattened and by early 2008 the market was going down. Assessments were based on their projections of where the market would be in January 2008, not on what turned out to be reality. Virtually all homes in Wake County are assessed higher than what they will sell for, particularily in the high prices ranges. The home that you might purchase for 1M is likely to have a tax value of 1.1-1.4M which is what you'd pay taxes on. Your anticipated tax bill on a home in Raleigh city limits is likely to be around 10K+ not 9K.
Home insurance varies by property and provider. Your realtor and lender will both have trusted contacts for home insurance who can provide a quote for you.
NC Property Tax Rates by location:
Tax Bills by Property:
The 2010 tax rate for properties located in the City of Raleigh and Wake County was .9075 + a $20.00 recycling fee. (The 2011 tax rates aren't out yet.) So if a property is assessed at $1M then the taxes would be $9,095/year. There are properties that have a Raleigh address, but are not in the city limits, therefore, you only pay Wake County tax rates which was .534 for 2010 (then the taxes would be $5,360/year). The other cities/towns in Wake County have different tax rates. Go to Wake County's website for more information.
A great website to check out is the wake county government website. They have a complete list of tax rates for the cities in wake county.
I hope this helps
County: 63.4 cents per $100 valuation
This may or may not include school and fire taxes.
As for Home Ins, you will have to call a local agent to get an estimate, but they are far enough away from the coast to be reasonable.
I am actually in Randloph County, Asheboro, NC, (center of the state)
Taxes here are somewhat less, 53.5 in the county and about 40 in the city. The difference is the ammount of home you can by for the price. Avg price per sf in Randolph Co is about 110 per sf.
If you need anything else, let me know .
Trollinger Real Estate