The current property tax rate in Montgomery County, North Carolina, is 0.58%. This means, on average, taxpayers will pay around $2,238 a year in property taxes.
Property taxes are one thing that can give even seasoned homeowners a headache. With tax rates that fluctuate every year and rules for figuring out and paying your taxes varying from state to state, it can be hard to figure out exactly what your responsibilities are.
That’s why home and car insurance
brokerage app Jerry
put together this guide for property taxes in Montgomery County. We’ll guide you through everything you need to know, including when your taxes are due and how much you can expect to pay. Property tax 101
If you need a little refresher on property taxes, here are the basics of how they work:
Property taxes are collected on real property—this usually includes things like land, farm buildings, and homes.
Local governments set tax rates and collect funds to pay for public services. Think libraries, schools, and emergency services.
Property tax rates are based on market values, and in some cases, on the budget needs of local entities like schools or emergency services.
Tax rates can change frequently as the market changes or even when new bond issues or levies are passed by voters.
Basically, property taxes are a way for local governments to pay for public services that benefit everyone in the community.
What is the property tax rate in Montgomery County?
Currently, the property tax rate in Montgomery County is 0.59% of the assessed value of the property. This is quite a bit lower than the state average of 0.78%. Taxpayers in Montgomery County can expect to pay around $2,238 a year on average in property taxes.
If you want more information about property tax rates, you can visit the Montgomery County Tax Department website
. How Montgomery County property taxes are determined
North Carolina doesn’t have a statewide property tax, so it’s up to local authorities to set tax rates and collect taxes.
Within a single county, there might be several taxing districts or entities that are allowed to levy taxes. These are usually things like city and county governments, schools, fire departments, or even sanitation departments.
In Montgomery County, the county assessor will determine the value of your real property based on current market values.
The Montgomery County Board of Commissioners will then assess the budgetary needs of all the county’s taxing districts and determine a tax rate for that year. Once the tax rate has been set, you’ll pay that percentage on the assessed property value.
If you think the assessment of your property value is incorrect, you have 30 days after receiving your assessment to file an appeal
with the Board of Equalization and Review. What do Montgomery County property taxes pay for?
Your property taxes in Montgomery County pay for several public services, including:
How to pay property taxes in Montgomery County
Property taxes are due in Montgomery County each year on September 1. However, payments aren’t considered past due until January 5. After this date, you’ll start to incur penalties if you haven’t paid yet.
You can pay your property taxes in Montgomery County online or by phone.
Online: Go to Official Payments
and enter the jurisdiction code 4373 for Montgomery County. There is a small convenience fee charged for paying online. Phone: call 1-800-2PAY-TAX and follow the prompts to direct you to Montgomery County. There is a small convenience fee applied for paying over the phone.
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