Montreat, Buncombe County, North Carolina Property Taxes

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

Median Montreat, NC effective property tax rate: 1.02%, aligning with the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median Montreat, NC home value: $343,250
Median annual Montreat, NC tax bill: $3,492, $1,092 higher than the national median property tax bill of $2,400.

How are property taxes in Buncombe calculated?

Property taxes in Montreat, NC 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 Montreat’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Montreat, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Montreat, Buncombe County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.05%

Estimate Property Tax Bill

$3,577

$3,320

Ownwell’s Montreat Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Montreat with just two data points. By entering your property's estimated assessed value, our calculator applies Montreat’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 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 Buncombe. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Montreat, Buncombe County, North Carolina

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell. Montreat in Buncombe County, NC, is no exception. Here, the effective property tax rate is comparable to the national median of 1.02%. This similarity can be seen across the state, reflecting a balance between the need for public services and the tax burden on property owners. It's important for property owners to understand how these rates are determined and how they compare to other areas. By staying informed, property owners can better navigate the complexities of property taxes and potentially identify opportunities for appeals or exemptions.

Property Tax Rates Across Montreat, Buncombe County, North Carolina

Source: Ownwell

0.62%

0.84%

1.05%

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 Montreat Tax Rate

1.05%

Median Effective Buncombe County Tax Rate

0.68%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Montreat, Buncombe County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28757	1.05%	1.05%	1.05%	1.05%	1.09%

Source: Ownwell

Property Tax Assessment Values Across Montreat, Buncombe County, North Carolina

When examining property taxes in Montreat, NC, 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 Buncombe 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.

In Buncombe County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Montreat.

For example, the median home price in Montreat is $343,250, with tax bills ranging significantly across the county. Zip code 28757 has the highest median home price at $343,250.

Property Tax Assessment Values Across Montreat, Buncombe County, North Carolina

Source: Ownwell

$65,700

$334,525

$603,350

Median Montreat Market Value

$340,700

Median Buncombe County Market Value

$271,900

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Montreat, Buncombe County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28757	$142,480	$227,650	$340,700	$459,400	$686,940

Source: Ownwell

Property Tax Bills Across Montreat, Buncombe County, North Carolina

Property tax bills in Montreat, located in Buncombe County, NC, are determined by multiplying the assessed value of a property by the local tax rate. This assessed value is a percentage of the market value of the home, which in Montreat, has a median home price of $343,250. Homeowners in this area typically receive tax bills ranging from $2,394 at the 25th percentile to $7,573 at the 90th percentile. The median tax bill is $3,492, which is higher than the national median property tax bill of $2,400. Factors such as property improvements or changes in the local tax rate can affect the tax bill. For homeowners, this can mean a significant impact on annual expenses. Ownwell offers services to help homeowners in Montreat reduce their property tax bills by appealing their assessed value, ensuring they are not overpaying. Through expert analysis and personalized assistance, Ownwell helps clients navigate the complexities of property taxes, potentially saving them thousands of dollars each year.

Property Tax Bills Across Montreat, Buncombe County, North Carolina

Source: Ownwell

$557

$2,201

$3,844

Median Montreat Tax Bill

$3,754

Median Buncombe County Tax Bill

$2,072

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Montreat, Buncombe County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28757	$1,648	$2,708	$3,754	$5,536	$7,736

Source: Ownwell