Catawba, Craig County, Virginia Property Taxes

Name: Property Tax Bills Across Catawba, Craig County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Catawba, VA effective property tax rate: 0.63%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%. Median Catawba, VA home value: $135,700. Median annual Catawba, VA tax bill: $841, $1,559 lower than the national median property tax bill of $2,400. How are property taxes in Craig calculated? Property taxes in Catawba, VA 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 Catawba’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Catawba, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Catawba, Craig County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.52%

Estimate Property Tax Bill

$891

$827

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

Property Tax Rates Across Catawba, Craig County, Virginia

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Catawba’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. Catawba, situated in Craig County, features a median property tax rate of 0.63%. This rate is notably lower than the national median property tax rate of 1.02%. The consistent tax rate across the county indicates a stable and predictable tax environment, which can be appealing for property owners. Understanding these rates is crucial for property owners looking to manage their finances effectively and take advantage of potential savings.

Property Tax Rates Across Catawba, Craig County, Virginia

Source: Ownwell

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 Catawba Tax Rate

0.52%

Median Effective Craig County Tax Rate

0.52%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Catawba, Craig County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24070	0.52%	0.52%	0.52%	0.52%	0.52%

Source: Ownwell

Property Tax Assessment Values Across Catawba, Craig County, Virginia

When examining property taxes in Catawba, VA, 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 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 Craig County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Catawba. For example, the median home price in Catawba is $135,700, with tax bills ranging significantly across the county. Zip code 24070 has the highest median home price at $135,700.

Property Tax Assessment Values Across Catawba, Craig County, Virginia

Source: Ownwell

$141,600

$156,500

$171,400

Median Catawba Market Value

$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 Catawba, Craig County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24070	$43,200	$91,750	$171,400	$259,450	$366,680

Source: Ownwell

Property Tax Bills Across Catawba, Craig County, Virginia

In Catawba, located in Craig County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in this area is $135,700, and the property tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Catawba, the property tax bills can vary significantly, with the 25th percentile at $413, and the 75th percentile reaching $1,240. The 90th percentile tax bill is $1,693, indicating a considerable range in tax obligations. Compared to the national median property tax bill of $2,400, Catawba's median tax bill of $841 is relatively low, offering some relief to homeowners. However, these taxes can still be a burden. This is where Ownwell can assist by providing property tax appeal and exemption services, potentially reducing the tax burden for homeowners. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners save money by ensuring they are not overpaying on their property taxes.

Property Tax Bills Across Catawba, Craig County, Virginia

Source: Ownwell

$736

$814

$891

Median Catawba Tax Bill

$891

Median Craig County Tax Bill

$748

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Catawba, Craig County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24070	$225	$477	$891	$1,349	$1,907

Source: Ownwell