Montpelier, Louisa County, Virginia Property Taxes
Median Montpelier, VA effective property tax rate: 0.39%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Montpelier, VA home value: $265,850
Median annual Montpelier, VA tax bill: $900, $1,500 lower than the national median property tax bill of $2,400.
How are property taxes in Louisa calculated?
Property taxes in Montpelier, 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 Montpelier’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Montpelier, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Montpelier, Louisa County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.72%
Estimate Property Tax Bill
$2,087
$1,936
Property Tax Rates Across Montpelier, Louisa County, Virginia
Local government entities determine tax rates, which can vary significantly within a state. This is because each county, such as Louisa in Virginia, annually estimates its required budget to provide essential services. This budget is then divided by the total value of all taxable property within the county's jurisdiction, resulting in the property tax rate. Although votes and laws play a role in establishing tax rates and budgets, this is the core process that occurs each year.
In Montpelier, located in Louisa County, the effective property tax rate is 0.39%, which is considerably lower than Virginia's median property tax rate and the national median property tax rate of 1.02%. This makes Montpelier an attractive location for homeowners seeking lower property tax burdens. When compared to the national median property tax bill of $2,400, Montpelier residents enjoy a more affordable tax environment. This advantage can make a significant difference in the overall cost of homeownership, highlighting the importance of understanding property tax rates when purchasing a home.
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 Montpelier Tax Rate
0.72%
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 Louisa County Tax Rate
0.72%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Montpelier, Louisa County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23192 | 0.63% | 0.72% | 0.72% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Montpelier, Louisa County, Virginia
When examining property taxes in Montpelier, Virginia, 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 Louisa 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 Louisa 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 Montpelier.
For example, the median home price in Montpelier is $265,850, with tax bills ranging significantly across the county. Zip code 23192 has the highest median home price at $265,850.
Property Tax Assessment Values Across Montpelier, Louisa County, Virginia
Source: Ownwell
$258,050
$378,200
$498,350
Median Montpelier Market Value
$289,800
Median Louisa County Market Value
$326,600
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Montpelier, Louisa County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23192 | $60,840 | $188,075 | $289,800 | $349,375 | $412,470 |
Source: Ownwell
Property Tax Bills Across Montpelier, Louisa County, Virginia
In Montpelier, property tax bills are calculated based on the assessed value of a home, which reflects its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Montpelier, Louisa County, experience a range of property tax bills, with the 25th percentile at $545 and the 75th percentile reaching $1,203. The highest median tax bill in the area is $900, which is notably lower than the national median property tax bill of $2,400. These figures highlight the variability in property tax burdens within the region.
Factors influencing the tax bill include changes in property value and local government tax rate adjustments. High property taxes can significantly impact household budgets, making it crucial for homeowners to ensure their assessments are fair. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemption services, ensuring they pay only their fair share. By leveraging expert analysis, Ownwell helps reduce tax bills, providing financial relief and peace of mind to homeowners.
Median Montpelier Tax Bill
$2,076
Median Louisa County Tax Bill
$2,319
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Montpelier, Louisa County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23192 | $337 | $1,228 | $2,076 | $2,486 | $2,834 |
Source: Ownwell