Property taxes are calculated by multiplying the assessed value of the property by the local tax rate. The assessed value is determined by the county tax assessor and is often based on the market value of the property. The tax rate, or millage rate, is set by the local government and is typically a percentage of the assessed value.

There are several factors that can affect property taxes in Montgomery. These include the location, size, and age of the property, as well as any improvements or additions made to the property. Each county in Montgomery may also have its own specific tax rates, so it's important to research the tax rates in the area you're interested in buying a home.

Property taxes can have a significant impact on home buyers. The amount of property taxes you will owe will depend on the assessed value of the property and the local tax rates. These taxes are typically included in your monthly mortgage payments, so it's important to factor them into your budget when considering how much you can afford for a home.

To better understand property taxes in Montgomery, it's important to do your research and consult with a local real estate agent. They can provide insight into the average property tax rates in different areas and help you budget accordingly. You can also check with the county tax assessor's office to find out the specific tax rates for the properties you're interested in. Additionally, make sure to ask about any potential tax exemptions or deductions that may be available to you as a homeowner. By understanding property taxes in Montgomery, you can make a more informed decision when buying a home and avoid any surprises in your monthly mortgage payments.