With a property tax rate of 0.67%, Montgomery County residents pay an average of $1,256 in property taxes each year.
Despite the annual occurrence of property tax payments, many Virginia
homeowners lack a solid understanding of what property taxes are, how they’re calculated, and how to pay them. If you’re curious about these payments you make each year, you’ve come to the right place. Home and auto insurance
comparison app Jerry
has compiled everything property owners need to know about property taxes in Montgomery County, Virginia
, including how your rate is determined and what your tax money goes towards. To become an expert in all things property taxes, keep reading.Property tax 101
New to the property tax paying club? Welcome! Here’s what you need to know:
Property taxes are paid by owners of homes, businesses, and areas of land.
The specific amount each property owner owes in taxes is calculated by a local governing body of a county, city, or special tax district and determined by the appraised fair market value of a property.
Local governments use the money collected from property tax payments to fund public services.
Basically, you can think of property taxes as a payment to the local government to maintain and improve the area within which you reside.
What is the property tax rate in Montgomery County?
The property tax rate of Montgomery County is 0.67% of a property’s assessed value, coming in at well below the national average rate of 1.1%. With the median home value in Montgomery County of $187,600, homeowners pay an average of $1,256 in taxes each year.
As such, while tax rates are lower, the high home values in Virginia cause many homeowners to pay tax amounts that are comparable to the national average.
Using this interactive map
, you can search by property owner name, parcel ID, or address to find your tax map number, land size, and current tax assessment. How Montgomery County property taxes are determined
Property taxes in Montgomery County are determined by a local assessor, who appraises each property’s fair market value. To calculate a property’s taxes, the home’s assessed value is multiplied by its total tax rate.
If you live within the town limits of Blacksburg
and Christiansburg
, you are also subject to a town property tax. Properties are required by law to be reassessed every four years
to accurately reflect market conditions. In addition, assessments are subject to change with any additions or modifications to a property. An inaccurate assessment of your property can result in years of expensive tax payments. If you disagree with the valuation of your property, you have the right to file an official appeal with the Board of Equalization and Assessment Review.
What do Montgomery County property taxes pay for?
Money collected through property taxation is used by local governing bodies to fund local public services, including:
Law enforcement and first response
General government services
How to pay property taxes in Montgomery County
For county taxes, Montgomery County property taxpayers have three options to submit their payments:
You can pay in person at the Treasurer’s Office at the Montgomery County Government Center, 755 Roanoke Street, Suite 1B, Christiansburg, Virginia, Monday through Friday, 9 am to 5 pm.
You can pay by mail by sending a check or money order payable to the Montgomery County Treasurer at 755 Roanoke Street, Suite 1B, Christiansburg, VA 24073-3171.
You can pay online
using a credit card, debit card, or electronic check. Be advised that a service fee will apply.
For your town property taxes, you’ll likely have the same options for payment. To confirm, review your town property tax bill or contact your local Treasurer.
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