Montgomery County, Virginia Property Taxes

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

Median Montgomery County effective property tax rate: 0.70%, significantly lower than the national median of 1.02%.
Median Montgomery County home value: $250,700
Median annual Montgomery County tax bill: $1,751, $649 lower than the national median property tax bill of $2,400.

How are property taxes in Montgomery County calculated?

Property taxes in Montgomery County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Blacksburg or another part of Montgomery County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Montgomery County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.7%

Estimate Property Tax Bill

$1,755

$1,628

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

Property Tax Rates Across Montgomery County, Virginia

Local government entities in Virginia set tax rates, which can vary widely within the state. Each year, Montgomery County estimates its required budget to provide essential 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 Montgomery County's effective property tax rate to other counties in Virginia or the U.S. median property tax rate. Montgomery County has an effective property tax rate of 0.70%, which is significantly lower than the national median property tax rate of 1.02%. This means that property owners in Montgomery County enjoy a relatively lower tax burden compared to many other regions across the country. By understanding these differences, property owners can better anticipate their annual tax obligations and make informed decisions regarding property investments in the area.

Property Tax Rates Across Montgomery County, Virginia

Source: Ownwell

0.70%

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 County Tax Rate

0.70%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Montgomery County, Virginia

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Blacksburg	0.70%	0.70%	0.70%	0.70%	0.70%
Catawba	0.70%	0.70%	0.70%	0.70%	0.70%
Christiansburg	0.70%	0.70%	0.70%	0.70%	0.70%
Elliston	0.70%	0.70%	0.70%	0.70%	0.70%
Hiwassee	0.70%	0.70%	0.70%	0.70%	0.70%
Lafayette	0.70%	0.70%	0.70%	0.70%	0.70%
Pilot	0.70%	0.70%	0.70%	0.70%	0.70%
Radford	0.70%	0.70%	0.70%	0.70%	0.70%
Riner	0.70%	0.70%	0.70%	0.70%	0.70%
Shawsville	0.70%	0.70%	0.70%	0.70%	0.70%
Bent Mountain	N/A	N/A	N/A	N/A	N/A
Fairlawn	N/A	N/A	N/A	N/A	N/A
Newport	N/A	N/A	N/A	N/A	N/A
Salem	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Montgomery County, Virginia

When examining property taxes in Montgomery County, 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 Montgomery 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 Montgomery 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 County. For example, the median tax bill in Montgomery County is $2256, with tax bills ranging significantly across the county. Blacksburg has the highest median home price at $322,600.

Property Tax Assessment Values Across Montgomery County, Virginia

Source: Ownwell

$128,150

$225,375

$322,600

Median Montgomery County Market Value

$250,700

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Montgomery County, Virginia

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Blacksburg	$156,800	$227,800	$322,600	$455,200	$612,580
Catawba	$57,500	$135,000	$229,600	$303,900	$366,800
Christiansburg	$110,300	$166,200	$228,100	$290,400	$374,900
Elliston	$33,920	$86,000	$148,500	$221,750	$292,940
Hiwassee	$78,930	$146,375	$226,700	$374,375	$507,780
Lafayette	$43,930	$79,700	$128,150	$175,400	$267,850
Pilot	$39,560	$103,900	$152,600	$230,700	$297,260
Radford	$50,600	$125,800	$202,300	$298,750	$427,400
Riner	$55,200	$141,500	$228,400	$351,100	$465,900
Shawsville	$32,560	$80,250	$147,100	$217,550	$280,900
Bent Mountain	N/A	N/A	N/A	N/A	N/A
Fairlawn	N/A	N/A	N/A	N/A	N/A
Newport	N/A	N/A	N/A	N/A	N/A
Salem	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Montgomery County, Virginia

In Montgomery County, VA, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in the county is $250,700, with tax bills varying across different percentiles. For instance, the 25th percentile tax bill is $1,213, while the 75th percentile reaches $2,481, and the 90th percentile climbs to $3,504. These figures highlight the range of tax obligations homeowners might face, depending on their property's assessed value. The highest median tax bill within the county is $2,256 in Blacksburg, whereas Lafayette has the lowest at $897. While the national median property tax rate is 1.02%, Montgomery County's rate can lead to tax bills that are both below and above the national median tax bill of $2,400. This variation is influenced by factors such as property location, market value, and local tax rates. Homeowners in Montgomery County must consider these elements when budgeting for their property tax obligations, as they can significantly impact annual expenses.

Property Tax Bills Across Montgomery County, Virginia

Source: Ownwell

$897

$1,577

$2,256

Median Montgomery County Tax Bill

$1,751

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Montgomery County, Virginia

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Blacksburg	$1,092	$1,592	$2,256	$3,184	$4,286
Catawba	$402	$945	$1,607	$2,127	$2,568
Christiansburg	$771	$1,161	$1,595	$2,029	$2,617
Elliston	$237	$600	$1,037	$1,549	$2,035
Hiwassee	$553	$1,025	$1,518	$2,570	$3,554
Lafayette	$308	$558	$897	$1,228	$1,875
Pilot	$277	$727	$1,058	$1,580	$2,054
Radford	$329	$879	$1,406	$2,058	$2,963
Riner	$359	$984	$1,571	$2,421	$3,248
Shawsville	$223	$558	$1,022	$1,504	$1,964
Bent Mountain	N/A	N/A	N/A	N/A	N/A
Fairlawn	N/A	N/A	N/A	N/A	N/A
Newport	N/A	N/A	N/A	N/A	N/A
Salem	N/A	N/A	N/A	N/A	N/A

Source: Ownwell