Mount Gilead, Montgomery County, North Carolina Property Taxes

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

Median Mount Gilead, NC effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Mount Gilead, NC home value: $77,620
Median annual Mount Gilead, NC tax bill: $528, $1,872 lower than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

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

Last Updated March 1, 2025

Mount Gilead, Montgomery County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.65%

Estimate Property Tax Bill

$505

$468

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

Property Tax Rates Across Mount Gilead, Montgomery County, North Carolina

Local government entities determine tax rates, which can differ significantly within a state. This variance occurs because each county annually estimates the budget needed to provide essential services and divides this by the total value of all taxable property in its jurisdiction, resulting in the property tax rate. Though votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

Mount Gilead in Montgomery County, NC, showcases an effective property tax rate that aligns with the median for the state. This is notably lower than the national median property tax rate of 1.02%. Such a rate can be appealing to property owners looking to minimize their tax burden while still enjoying the benefits of local services. When comparing Mount Gilead’s property tax rate to other cities within North Carolina, it becomes evident that property owners in this region benefit from a relatively low tax rate. This can be a persuasive factor for potential homeowners or investors considering the area, as lower property taxes can contribute to overall affordability and long-term savings.

Property Tax Rates Across Mount Gilead, 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 Mount Gilead Tax Rate

0.65%

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 Mount Gilead, Montgomery County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27306	0.61%	0.62%	0.65%	0.68%	1.18%

Source: Ownwell

Property Tax Assessment Values Across Mount Gilead, Montgomery County, North Carolina

When examining property taxes in Mount Gilead, 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. Assessment notices: In Montgomery County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Mount Gilead. For example, the median home price in Mount Gilead is $77,620, with tax bills ranging significantly across the county. Zip code 27306 has the highest median home price at $77,620.

Property Tax Assessment Values Across Mount Gilead, Montgomery County, North Carolina

Source: Ownwell

$59,132

$77,450

$95,768

Median Mount Gilead Market Value

$77,620

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 Mount Gilead, Montgomery County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27306	$25,330	$35,693	$77,620	$191,693	$406,662

Source: Ownwell

Property Tax Bills Across Mount Gilead, Montgomery County, North Carolina

In Mount Gilead, Montgomery County, NC, property tax bills are calculated based on the assessed value of your home, which is determined by the county's tax assessor. This assessed value is then multiplied by the local tax rate to determine your annual property tax bill. The median home price in Mount Gilead is $77,620, and property tax bills can vary significantly. For example, the 25th percentile tax bill is $236, while the 75th percentile reaches $1,368. The highest median tax bill in the area is $528, which is below the national median property tax bill of $2,400. Factors influencing your tax bill include property improvements, neighborhood changes, and local government budgets. High tax bills can strain homeowners, but Ownwell offers a solution. By leveraging expertise in property tax appeals and exemptions, Ownwell can help homeowners potentially reduce their tax liabilities, ensuring they only pay their fair share. This service can bring significant savings and financial relief to homeowners in Mount Gilead.

Property Tax Bills Across Mount Gilead, Montgomery County, North Carolina

Source: Ownwell

$344

$471

$597

Median Mount Gilead Tax Bill

$528

Median Montgomery County Tax Bill

$505

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Mount Gilead, Montgomery County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27306	$157	$236	$528	$1,368	$2,677

Source: Ownwell