Land Detail - 0005362

Wake County Real Estate Data

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Real Estate ID 0005362	PIN # 1745029854

Location Address	Property Description
1929 OLD MILBURNIE RD	MONTAGUE LD & OTHER BM1981-00290

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Land Class	FOR-FARM
Soil Class	4

Deeded Acres	162.56
Calculated Acres

Farm Use Year	2004
Farm Use Flag

Land Value Detail - Market

Sch	ETJ	Zoning	Description	Units	Rate	Cnd%	Reason	Inf%	Reason	Value
3	RA	R-4	BSITE1	1.00	$105,000					$105,000
3	RA	R-4	OPEN	3.83	$42,000	65	RAW/ROUGH			$104,559
3	RA	CM	WOODLAND	52.26	$42,000	65	RAW/ROUGH			$1,426,698
3	RA	R-4	WOODLAND	9.17	$42,000	65	RAW/ROUGH			$250,341
3	RA	AP	WOODLAND	65.29	$42,000	65	RAW/ROUGH			$1,782,417
3	RA	CM	FLOOD	25.00	$42,000	25	FLOOD PLAIN			$262,500
3	RA	AP	FLOOD	6.01	$42,000	25	FLOOD PLAIN			$63,105

							Total Land Value Assessed			$3,994,620

Land Value Detail - Use Value

Sch	ETJ	Zoning	Description	Units	Rate	Cnd%	Reason	Inf%	Reason	Value
3	RA	R-4	BSITE1	1.00	$105,000					$105,000
3	RA	R-4	OPEN	3.83	$42,000	65	RAW/ROUGH			$104,559
3	RA	CM	WOODLAND	52.26	$180					$9,407
3	RA	R-4	WOODLAND	9.17	$180					$1,651
3	RA	AP	WOODLAND	65.29	$180					$11,752
3	RA	CM	FLOOD	25.00	$180					$4,500
3	RA	AP	FLOOD	6.01	$180					$1,082

							Total Use Value Assessed			$237,951

*Wake County assessed building and land values reflect the market value as of January 1, 2024, which is the date of the last county-wide revaluation. Any inflation, deflation or other economic changes occurring after this date does not affect the assessed value of the property and cannot be lawfully considered when reviewing the value for adjustment.

The January 1, 2024 values will remain in effect until the next county-wide revaluation. Until that time, any real estate accounts created or new construction built is assessed according to the 2024 Schedule of Values.

For questions regarding the information displayed on this site, please contact the Department of Tax Administration at Taxhelp@wake.gov or call 919-856-5400.