New London, Montgomery County, North Carolina Property Taxes
Median New London, NC effective property tax rate: 0.69%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median New London, NC home value: $87,210
Median annual New London, NC tax bill: $592, $1,808 lower than the national median property tax bill of $2,400.
How are property taxes in Montgomery calculated?
Property taxes in New London, 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 New London’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New London, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New London, Montgomery County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.69%
Estimate Property Tax Bill
$624
$579
Property Tax Rates Across New London, Montgomery County, North Carolina
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In New London, located in Montgomery County, North Carolina, the effective property tax rate stands at 0.69%. This rate is significantly lower than the national median property tax rate of 1.02%. Compared to other cities in North Carolina, New London's rate remains consistent with the state’s median, offering residents a more affordable property tax environment. With the national median property tax bill at $2400, homeowners in New London benefit from comparatively lower property tax expenses. This favorable tax climate can be an attractive factor for potential property buyers and investors looking for cost-effective opportunities within the region.
Property Tax Rates Across New London, 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 New London Tax Rate
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
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New London, Montgomery County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28127 | 0.68% | 0.68% | 0.69% | 0.69% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across New London, Montgomery County, North Carolina
When examining property taxes in New London, 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 New London.
For example, the median home price in New London is $87,210, with tax bills ranging significantly across the county. Zip code 28127 has the highest median home price at $87,210.
Property Tax Assessment Values Across New London, Montgomery County, North Carolina
Source: Ownwell
$59,115
$77,949
$96,782
Median New London Market Value
$90,376
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 New London, Montgomery County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28127 | $17,888 | $42,542 | $90,376 | $342,705 | $602,720 |
Source: Ownwell
Property Tax Bills Across New London, Montgomery County, North Carolina
In New London, Montgomery County, NC, property tax bills are determined by assessing the property's market value and applying the local tax rate. With a median home price of $87,210, homeowners might expect varying tax bills, influenced by factors such as property location and local tax rates. The tax bill at the 25th percentile is $287, while at the 75th percentile, it rises to $2,254, and it reaches $4,091 at the 90th percentile. The median tax bill in the area stands at $592, which is significantly lower than the national median of $2,400. This variation affects homeowners by creating a wide range of potential tax liabilities.
Ownwell can assist homeowners by providing expert property tax appeal services, potentially lowering their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners are not overpaying. This service can result in significant savings, especially for those facing higher tax bills. With Ownwell's expertise, homeowners can confidently navigate the complexities of property tax assessments.
Median New London Tax Bill
$621
Median Montgomery County Tax Bill
$519
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across New London, Montgomery County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28127 | $110 | $297 | $621 | $2,371 | $4,211 |
Source: Ownwell