For those of y’all who are curious, this is something that’s pretty well-known among urban planners -though it’s high time that the rest of us knew about it too.
For more specific numbers, this Canadian think tank made a really useful infographic back in 2013. Obviously the numbers don’t translate 1:1 since it’s in Canadian dollars, but it still gives you a good order-of-magnitude estimate of just how bad this is.
https://i.imgur.com/2rgkaOZ.jpg
To be clear, the data above is NOT for Raleigh, specifically, though I’m not aware of any reasons to think that we’d be an exception. I wanted to do similar math for our region by comparing property taxes paid for parcels ITB vs OTB, but I couldn’t figure out a good way to do it (though I found a good data source to get started). Anyone who’s good at GIS tools want to give that a stab?