Montebello, Nelson County, Virginia Property Taxes
Median Montebello, VA effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Montebello, VA home value: $136,400
Median annual Montebello, VA tax bill: $722, $1,678 lower than the national median property tax bill of $2,400.
How are property taxes in Nelson calculated?
Property taxes in Montebello, 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 Montebello’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Montebello, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Montebello, Nelson County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.65%
Estimate Property Tax Bill
$887
$823
Property Tax Rates Across Montebello, Nelson County, Virginia
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 Montebello Tax Rate
0.65%
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 Nelson County Tax Rate
0.65%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Montebello, Nelson County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24464 | 0.26% | 0.65% | 0.65% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Montebello, Nelson County, Virginia
When examining property taxes in Montebello, 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 Nelson 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 Nelson 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 Montebello. For example, the median home price in Montebello is $136,400, with tax bills ranging significantly across the county. Zip code 24464 has the highest median home price at $136,400.
Property Tax Assessment Values Across Montebello, Nelson County, Virginia
Source: Ownwell
$40,000
$179,400
$318,800
Median Montebello Market Value
$136,400
Median Nelson County Market Value
$144,600
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Montebello, Nelson County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24464 | $23,040 | $48,900 | $136,400 | $302,400 | $456,440 |
Source: Ownwell
Property Tax Bills Across Montebello, Nelson County, Virginia
In Montebello, Virginia, property tax bills are calculated based on the assessed value of a home. The local government determines this value, which is then multiplied by the local tax rate to calculate the tax bill. In Montebello, the median home price is $136,400, and tax bills can vary significantly. For instance, while the 25th percentile tax bill is $287, the 75th percentile tax bill rises to $1,586, and the 90th percentile reaches $2,252. These figures highlight the variability in tax bills, which can impact homeowners' financial planning. With the national median property tax rate at 1.02% and the median bill at $2,400, Montebello's tax rates can be seen as relatively moderate.
Ownwell can assist homeowners by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners potentially lower their tax bills, ensuring they only pay their fair share. This service can be especially beneficial in a region with varied tax bills, like Montebello.
Median Montebello Tax Bill
$722
Median Nelson County Tax Bill
$896
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Montebello, Nelson County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24464 | $124 | $287 | $722 | $1,586 | $2,252 |
Source: Ownwell