Property Taxes in Montpelier, Virginia
Median Montpelier, Virginia effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Montpelier, Virginia home value: $289,800
Median annual Montpelier, Virginia tax bill: $2,076, $324 lower than the national median property tax bill of $2,400.
How are property taxes in Louisa calculated?
Property taxes in Montpelier, Virginia 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 April 13, 2026
How Does the Montpelier Property Tax Calculator Work?
Use this Montpelier property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Montpelier's median effective tax rate of 0.72% — based on actual property records in Louisa County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Montpelier's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Montpelier: rates range from 0.72% in 23192 to 0.72% in 23192, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Montpelier.
About Montpelier Property Taxes
About Property Taxes in Montpelier, Louisa, Virginia
Montpelier's median effective property tax rate of 0.72% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Louisa County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Montpelier. Homeowners in the 23192 ZIP code carry a median effective rate of 0.72%, while those in 23192 pay 0.72%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Louisa County. Understanding which part of Montpelier you live in can make a meaningful difference to your annual tax bill.
Montpelier homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Montpelier, Louisa County, Virginia
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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 Montpelier's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
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
1.27%
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.
Assessment notices:
In Louisa County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 $289,800, with tax bills ranging significantly across the county. 23192 has the highest median home price at $289,800.
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
$274,101
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
Property tax bills in Montpelier are calculated by applying the local tax rate to a home’s assessed market value. The assessed value is based on what the property would likely sell for, and local officials use that value to determine how much tax a homeowner owes each year. For a home with a median market value of $289,800, the bill can vary depending on the exact assessment and the tax rate set in Louisa County.
Several factors influence the final property tax bill, including the home’s location, condition, and any changes in market value. In Montpelier, the median property tax bill is $2,076, while the 25th percentile is $1,228 and the 75th percentile is $2,486. At the 90th percentile, the bill reaches $2,834. For homeowners, this means property taxes can take a meaningful share of housing costs, especially when assessed values rise faster than expected.
Median Montpelier Tax Bill
$2,076
Median Louisa County Tax Bill
$2,319
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
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
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 31 |
Links | |
|---|---|
| Louisa Tax Assessor | |
| Website | louisacounty.gov |