Catawba, Montgomery County, Virginia Property Taxes
Median Catawba, VA effective property tax rate: 0.70%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Catawba, VA home value: $229,600
Median annual Catawba, VA tax bill: $1,607, $793 lower than the national median property tax bill of $2,400.
How are property taxes in Montgomery calculated?
Property taxes in Catawba, 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 Catawba’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Catawba, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Catawba, Montgomery County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.75%
Estimate Property Tax Bill
$1,699
$1,576
Property Tax Rates Across Catawba, Montgomery County, Virginia
Local government entities are responsible for setting tax rates, which can vary widely across different areas. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this is essentially the annual process.
In Catawba, located in Montgomery County, Virginia, the effective property tax rate stands at 0.70%. This rate is notably lower than the national median property tax rate of 1.02%, offering residents a more affordable property tax burden compared to the national average. Additionally, the median tax rate in Catawba is consistent with the highest and lowest rates within the same zip code, indicating a stable tax environment. Comparing this to other cities in Virginia and the national average highlights Catawba's competitive edge in maintaining lower property taxes. This can be particularly appealing for property owners seeking to optimize their tax expenses while enjoying the benefits of local services.
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 Catawba Tax Rate
0.75%
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
0.75%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Catawba, Montgomery County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24070 | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Catawba, Montgomery County, Virginia
When examining property taxes in Catawba, 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 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.
In Montgomery County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Catawba. For example, the median home price in Catawba is $229,600, with tax bills ranging significantly across the county. ZIP code 24070 has the highest median home price at $229,600.
Property Tax Assessment Values Across Catawba, Montgomery County, Virginia
Source: Ownwell
$128,150
$226,725
$325,300
Median Catawba Market Value
$226,500
Median Montgomery County Market Value
$252,100
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Catawba, Montgomery County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24070 | $51,100 | $112,550 | $226,500 | $267,050 | $329,860 |
Source: Ownwell
Property Tax Bills Across Catawba, Montgomery County, Virginia
In Catawba, located in Montgomery County, VA, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and market conditions. For homeowners in Catawba, the median home price is $229,600, which significantly impacts the tax bill, typically ranging from $945 at the 25th percentile to $2,568 at the 90th percentile. With a median tax bill of $1,607, Catawba's property taxes are relatively moderate compared to the national median of $2,400.
Homeowners can find these tax bills burdensome, especially if their property's assessed value is higher than its market value. Here’s where Ownwell can assist. By providing expert property tax appeal services, Ownwell helps homeowners potentially lower their assessed values, ensuring they're not overpaying. This can lead to substantial savings, reducing the financial strain of property taxes and making homeownership more affordable in Catawba.
Median Catawba Tax Bill
$1,699
Median Montgomery County Tax Bill
$1,892
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Catawba, Montgomery County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24070 | $383 | $844 | $1,699 | $2,003 | $2,474 |
Source: Ownwell