Montgomery, Fairfax County, Virginia Property Taxes

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

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

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.16%

Estimate Property Tax Bill

$7,378

$6,846

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

Property Tax Rates Across Montgomery, Fairfax County, Virginia

Local government entities set property tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates the budget needed to provide essential services and then divides this amount by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While the process involves votes and legal considerations, this is the essence of how tax rates are established each year. In Montgomery, located in Fairfax County, Virginia, the effective property tax rate is a key factor for homeowners to consider. When comparing Montgomery’s rate to other cities in Virginia, it’s noteworthy that the median property tax rate in Virginia is 1.14%, slightly above the national median of 1.02%. Homeowners in Montgomery should be aware of these rates, as they can impact the overall cost of owning property. Understanding these rates helps residents make informed decisions and potentially seek tax appeals or exemptions if they believe their property is over-assessed.

Property Tax Rates Across Montgomery, Fairfax County, Virginia

Source: Ownwell

0.30%

0.86%

1.42%

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%

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.

Property Tax Bills Across Montgomery, Fairfax County, Virginia

Source: Ownwell

$2,340

$9,225

$16,109

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