Montgomery, Fairfax County, Virginia Property Taxes
Median Montgomery, VA effective property tax rate: 1.14%, significantly higher than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Montgomery, VA home value: $592,000
Median annual Montgomery, VA tax bill: $6,770, $4,370 higher than the national median property tax bill of $2,400.
How are property taxes in Fairfax calculated?
Property taxes in Montgomery, 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 Montgomery’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Montgomery, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Montgomery, Fairfax County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.16%
Estimate Property Tax Bill
$7,378
$6,846
Property Tax Rates Across Montgomery, Fairfax County, Virginia
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 Tax Rate
1.16%
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 Fairfax County Tax Rate
1.16%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Montgomery, Fairfax County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77356 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Montgomery, Fairfax County, Virginia
When examining property taxes in Montgomery, 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 Fairfax 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 Fairfax 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 Montgomery. For example, the median home price in Montgomery is $592,000, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Montgomery, Fairfax County, Virginia
Source: Ownwell
$210,000
$779,880
$1,349,760
Median Montgomery Market Value
$636,010
Median Fairfax County Market Value
$672,555
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Montgomery, Fairfax County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77356 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Montgomery, Fairfax County, Virginia
Property tax bills in Montgomery, Fairfax County, VA, are determined based on the assessed value of a property, which is a percentage of its market value. With a median home price of $592,000, property taxes can significantly impact homeowners' finances. The tax bill for the 25th, 75th, and 90th percentiles is $6,770, indicating a consistent tax burden across different property values. This amount is considerably higher than the national median property tax bill of $2,400, reflecting the area's higher property values and tax rates.
Various factors, including the property's location, size, and any improvements, influence the assessed value. These factors can result in a higher tax bill, which may strain homeowners' budgets. However, Ownwell can assist homeowners in Montgomery by providing property tax appeal and exemption services. By reviewing the property's assessed value and ensuring it accurately reflects its market value, Ownwell can help reduce the tax burden, potentially saving homeowners a significant amount on their property tax bills.
Median Montgomery Tax Bill
$7,368
Median Fairfax County Tax Bill
$7,877
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Montgomery, Fairfax County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77356 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell