Property Taxes in Blacksburg, Virginia
Median Blacksburg, Virginia effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Blacksburg, Virginia home value: $325,300
Median annual Blacksburg, Virginia tax bill: $2,439, $39 higher than the national median property tax bill of $2,400.
How are property taxes in Montgomery calculated?
Property taxes in Blacksburg, 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 Blacksburg's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Blacksburg, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Blacksburg Property Tax Calculator Work?
Use this Blacksburg property tax calculator to estimate your annual property tax bill. Enter your property’s assessed value and our calculator applies Blacksburg’s median effective tax rate of 0.75% — based on actual property records in Montgomery 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 Blacksburg’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 Blacksburg: rates range from 2439.00% in 24060 to 2439.00% in 24060, 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 Blacksburg.
About Blacksburg Property Taxes
About Property Taxes in Blacksburg, Montgomery, Virginia
Blacksburg's median effective property tax rate of 0.75% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Montgomery 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 Blacksburg. Homeowners in the 24060 ZIP code carry a median effective rate of 0.75%, while those in the same ZIP also pay 0.75%. This spread reflects how school district boundaries and local assessment districts are drawn across Montgomery County. Understanding which part of Blacksburg you live in can make a meaningful difference to your annual tax bill.
Blacksburg 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 Blacksburg, Montgomery 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 Blacksburg'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 Ă· 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 Blacksburg Tax Rate
0.75%
Our median effective property tax rate (tax bill Ă· 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
0.75%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Blacksburg, Montgomery County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24060 | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Blacksburg, Montgomery County, Virginia
When examining property taxes in Blacksburg, 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. Montgomery County 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 Blacksburg.
For example, the median home price in Blacksburg is $325,300, with tax bills ranging significantly across the county. 24060 has the highest median home price at $325,300.
Property Tax Assessment Values Across Blacksburg, Montgomery County, Virginia
Source: Ownwell
$128,150
$226,725
$325,300
Median Blacksburg Market Value
$325,300
Median Montgomery County Market Value
$252,100
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Blacksburg, Montgomery County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24060 | $157,800 | $229,700 | $325,300 | $458,050 | $617,220 |
Source: Ownwell
Property Tax Bills Across Blacksburg, Montgomery County, Virginia
Property tax bills in Blacksburg are based on the assessed value of a home and the local tax rate set for Montgomery County. When a property’s assessed market value rises, the tax bill can increase as well, even if the homeowner has not made any changes to the house. Local taxing authorities use these assessments to calculate what each homeowner owes each year.
For Blacksburg homeowners, the median home price is $325,300, and the median tax bill is $2,439.00, which is slightly above the national median property tax bill of $2,400. Tax bills can vary widely across the city, with the 25th percentile at $1,723, the 75th percentile at $3,434, and the 90th percentile at $4,629. These differences show how location, assessed value, and local rates affect what homeowners pay.
Median Blacksburg Tax Bill
$2,439
Median Montgomery County Tax Bill
$1,892
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Blacksburg, Montgomery County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24060 | $1,184 | $1,723 | $2,439 | $3,434 | $4,629 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | December 1 |
Links | |
|---|---|
| Montgomery Tax Assessor | |
| Website | realestate.montva.com |