Biscoe, Montgomery County, North Carolina Property Taxes
Median Biscoe, NC effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Biscoe, NC home value: $66,751
Median annual Biscoe, NC tax bill: $545, $1,855 lower than the national median property tax bill of $2,400.
How are property taxes in Montgomery calculated?
Property taxes in Biscoe, 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 Biscoe’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Biscoe, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Biscoe, Montgomery County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.62%
Estimate Property Tax Bill
$417
$387
Property Tax Rates Across Biscoe, Montgomery County, North Carolina
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation is due to each county's annual process of estimating its required budget to provide essential services and dividing that by the total value of taxable property within its 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 fundamental process followed each year.
In Biscoe, located in Montgomery County, the effective property tax rate can be compared to other cities in North Carolina as well as the median property tax rates in the state and across the U.S. While the national median property tax rate is 1.02%, Biscoe's rate is notably lower, offering potential savings for property owners. This comparison highlights the importance of understanding local tax rates and their impact on individual property tax bills. By staying informed, property owners can better manage their tax liabilities and potentially save money through appeals or exemptions.
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 Biscoe Tax Rate
0.62%
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
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Biscoe, Montgomery County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27209 | 0.61% | 0.61% | 0.62% | 1.17% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Biscoe, Montgomery County, North Carolina
When examining property taxes in Biscoe, 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 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.
In Montgomery 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 Biscoe. For example, the median home price in Biscoe is $66,751, with tax bills ranging significantly across the county. Zip code 27209 has the highest median home price at $66,751.
Property Tax Assessment Values Across Biscoe, Montgomery County, North Carolina
Source: Ownwell
$59,115
$77,949
$96,782
Median Biscoe Market Value
$67,324
Median Montgomery County Market Value
$76,372
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Biscoe, Montgomery County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27209 | $13,586 | $36,864 | $67,324 | $110,728 | $171,503 |
Source: Ownwell
Property Tax Bills Across Biscoe, Montgomery County, North Carolina
Median Biscoe Tax Bill
$548
Median Montgomery County Tax Bill
$519
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Biscoe, Montgomery County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27209 | $120 | $264 | $548 | $930 | $1,546 |
Source: Ownwell