Montgomery County, North Carolina Property Taxes

Name: Property Tax Bills Across Montgomery County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Montgomery County effective property tax rate: 0.64%, significantly lower than the national median of 1.02%.
Median Montgomery County home value: $75,538
Median annual Montgomery County tax bill: $505, $1,895 lower than the national median property tax bill of $2,400.

How are property taxes in Montgomery County calculated?

Property taxes in Montgomery County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Troy or another part of Montgomery County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Montgomery County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.64%

Estimate Property Tax Bill

$483

$449

Ownwell’s Montgomery County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Montgomery County with just two data points. By entering your property's estimated assessed value, our calculator applies Montgomery County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Montgomery County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Montgomery County, North Carolina

Local government entities set tax rates, and these can vary significantly within North Carolina. Each year, counties estimate the budget required to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.

In Montgomery County, the effective property tax rate is an essential factor for residents and property owners to consider. Compared to other counties in North Carolina, Montgomery County's rate is one of the lowest, providing some relief to homeowners. For instance, the county's median tax rate is lower than the national median property tax rate of 1.02%. This can be a significant advantage for property owners looking to minimize their annual tax burden.

By understanding these rates, property owners can better plan their finances and potentially save on their property taxes.

Property Tax Rates Across Montgomery County, North Carolina

Source: Ownwell

0.61%

0.65%

0.69%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Montgomery County Tax Rate

0.64%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Montgomery County, North Carolina

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Biscoe	0.61%	0.61%	0.62%	1.17%	1.18%
Candor	0.61%	0.61%	0.62%	0.76%	1.27%
Jackson Springs	0.61%	0.61%	0.61%	0.62%	0.62%
Mount Gilead	0.61%	0.62%	0.65%	0.68%	1.18%
New London	0.68%	0.68%	0.69%	0.69%	0.73%
Seagrove	0.61%	0.61%	0.62%	0.62%	0.62%
Star	0.61%	0.61%	0.62%	0.86%	1.23%
Troy	0.61%	0.61%	0.62%	0.62%	0.65%
Ellerbe	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Montgomery County, North Carolina

When examining property taxes in Montgomery County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Montgomery County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Montgomery County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Montgomery County. For example, the median tax bill in Montgomery County is $597, with tax bills ranging significantly across the county. Seagrove has the highest median home price at $95,768.

Property Tax Assessment Values Across Montgomery County, North Carolina

Source: Ownwell

$59,132

$77,450

$95,768

Median Montgomery County Market Value

$75,538

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Montgomery County, North Carolina

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Biscoe	$13,680	$36,864	$66,751	$108,888	$168,567
Candor	$12,851	$34,359	$65,715	$105,325	$149,688
Jackson Springs	$11,930	$38,124	$59,132	$79,883	$135,981
Mount Gilead	$25,330	$35,693	$77,620	$191,693	$406,662
New London	$17,604	$41,685	$87,210	$336,387	$592,251
Seagrove	$24,323	$60,561	$95,768	$149,250	$225,439
Star	$11,208	$32,408	$71,440	$119,485	$190,489
Troy	$16,816	$43,764	$80,893	$145,001	$240,583
Ellerbe	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Montgomery County, North Carolina

In Montgomery County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county's assessment office, which evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Montgomery County can expect a range of tax bills. The 25th percentile of tax bills is around $248, while the 75th percentile reaches approximately $1,086. For those in the 90th percentile, tax bills can rise to about $2,296. The city of Seagrove has the highest median tax bill in the county at $597, while Jackson Springs has the lowest at $344. Compared to the national median property tax bill of $2,400, Montgomery County residents generally experience lower tax bills. These taxes fund local services such as schools, infrastructure, and public safety, directly impacting the community's quality of life. Homeowners must budget for these taxes as part of their annual expenses.

Property Tax Bills Across Montgomery County, North Carolina

Source: Ownwell

$344

$471

$597

Median Montgomery County Tax Bill

$505

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Montgomery County, North Carolina

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Biscoe	$116	$269	$545	$925	$1,542
Candor	$81	$205	$451	$801	$1,309
Jackson Springs	$74	$221	$344	$473	$761
Mount Gilead	$157	$236	$528	$1,368	$2,677
New London	$87	$287	$592	$2,254	$4,091
Seagrove	$191	$381	$597	$888	$1,416
Star	$86	$230	$524	$947	$1,386
Troy	$84	$253	$479	$869	$1,437
Ellerbe	N/A	N/A	N/A	N/A	N/A

Source: Ownwell