Craig County, Virginia Property Taxes
Property Taxes in Craig County, Virginia
Median Craig County effective property tax rate: 0.52%, significantly lower than the national median of 1.02%.
Median Craig County home value: $143,750
Median annual Craig County tax bill: $748, $1,652 lower than the national median property tax bill of $2,400.
How are property taxes in Craig County calculated?
Property taxes in Craig County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Craig County or another part of Craig County, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Craig County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.52%
Estimate Property Tax Bill
$748
$694
How Does the Craig County Property Tax Calculator Work?
Use this Craig County property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Craig County's median effective tax rate of 0.52% to generate your estimate.
Enter your property's estimated assessed value — the figure used for tax purposes, which is typically lower than market value after applicable exemptions. Our calculator uses the median effective rate for a more accurate estimate than the statutory millage rate alone.
Your actual bill may vary based on your specific exemptions, local school district levies, and any special assessment districts that apply to your property. Craig County's median tax rate is lower than Virginia's 0.90% median rate, and the county's $748 median tax bill is lower than the state median by $1,652.
For a more precise estimate, scroll down to explore city and ZIP code-level tax rate trends across Craig County.
Property Tax Rates Across Craig County, Virginia
What Are Effective Property Tax Rates Across Craig County?
Local government entities set tax rates, which vary widely across Craig County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.
Below, compare Craig County's effective property tax rate to other counties in Virginia or the U.S. median of 1.02%.
Craig County's median effective rate stands at 0.52%, which is lower than the national median of 1.02%. Within Craig County, the highest rate is found in CATAWBA at 0.52%, while CATAWBA has the lowest at 0.52%.
These variations reflect differences in local school district levies, special assessment districts assessments, and special district bonds — which compound the base county rate.
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 Craig County Tax Rate
0.52%
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 Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Craig County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Catawba | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
| New Castle | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
| Newport | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
| Paint Bank | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
| Covington | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Craig County, Virginia
When examining property taxes in Craig County, 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 Craig County assessment office 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 Craig County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of May.
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 Craig County.
For example, the median tax bill in Craig County is $748, with tax bills ranging significantly across the county. Catawba has the highest median home price at $171,400.
Median Craig County Market Value
$143,750
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Craig County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Catawba | $43,200 | $91,750 | $171,400 | $259,450 | $366,680 |
| New Castle | $34,000 | $77,400 | $141,600 | $222,900 | $322,200 |
| Newport | $46,160 | $90,750 | $161,800 | $250,700 | $354,520 |
| Paint Bank | $43,800 | $80,900 | $151,600 | $245,700 | $315,100 |
| Covington | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Craig County, Virginia
Property tax bills in Craig County are based on the assessed value of a home and the local tax rate set by the county and other taxing authorities. To calculate the bill, the assessed market value is multiplied by the applicable rate, so homes with higher values generally owe more. For a county with a median home price of $143,750, the amount a homeowner pays can still vary depending on neighborhood, property characteristics, and any local levies included in the final bill.
In Craig County, property tax bills also reflect how the home compares with others in the area. The 25th percentile tax bill is $404, while the 75th percentile is $1,203 and the 90th percentile is $1,709. That spread shows how much bills can differ from one homeowner to another. For many homeowners, a higher assessed value can mean a larger annual tax burden, while a lower assessment can help keep costs down.
Median Craig County Tax Bill
$748
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Craig County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Catawba | $225 | $477 | $891 | $1,349 | $1,907 |
| New Castle | $177 | $402 | $736 | $1,159 | $1,675 |
| Newport | $240 | $472 | $841 | $1,304 | $1,844 |
| Paint Bank | $228 | $421 | $788 | $1,278 | $1,639 |
| Covington | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 22 |
Links | |
|---|---|
| Craig Tax Assessor | |
| Website | www.webgis.net |