Christiansburg, Montgomery County, Virginia Property Taxes
The median property tax rate in Christiansburg, VA is 0.70%, notably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $228,100 in Christiansburg, the typical annual property tax bill amounts to $1,595, which is significantly below the national median of $2,690. Property taxes in Christiansburg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Christiansburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Christiansburg or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Christiansburg, Montgomery County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$1,597
$1,482
Ownwell’s Christiansburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Christiansburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Christiansburg to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Christiansburg, Montgomery County, Virginia
Property taxes in Christiansburg, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Christiansburg is 0.70%, notably lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Christiansburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Christiansburg estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Christiansburg's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 24073 has the highest median property tax rate of 0.70%, while the same zip code also has the lowest median tax rate of 0.70%. Understanding how these cities compare with Christiansburg provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Christiansburg Tax Rate
0.70%
Average Montgomery County Tax Rate
0.70%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Christiansburg, Montgomery County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24073 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Christiansburg, Montgomery County, Virginia
In Christiansburg, Virginia, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Montgomery County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Christiansburg, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Christiansburg stands at $228,100, with tax bills ranging from $1,161 at the 25th percentile to $2,617 at the 90th percentile. The zip code 24073 holds both the highest and lowest median tax bill at $1,595. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Christiansburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Christiansburg, Montgomery County, Virginia
Source: Ownwell
$128,150
$225,375
$322,600
Average Christiansburg Assessed Value
$228,100
Average Montgomery County Assessed Value
$250,700
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Christiansburg, Montgomery County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24073 | $110,300 | $166,200 | $228,100 | $290,400 | $374,900 |
Source: Ownwell
Property Tax Bills Across Christiansburg, Montgomery County, Virginia
In Christiansburg, located in Montgomery County, VA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local tax assessors who evaluate the property's market value. Once the assessed value is established, the local property tax rate is applied. For Christiansburg, the median home price is $228,100, and the property tax rate is used to calculate the final tax bill. Various factors influence the tax bill, including the property's location, size, and any improvements made. For instance, in Christiansburg, the 25th percentile tax bill is $1,161, while the 75th and 90th percentiles are $2,029 and $2,617, respectively. This range indicates how different property characteristics can lead to varied tax amounts. Homeowners in Christiansburg should be aware that their property tax bill can significantly impact their annual expenses. Compared to the national median property tax rate of 0.99%, Christiansburg's rates reflect how local assessments and market values can influence overall tax obligations.
Property Tax Bills Across Christiansburg, Montgomery County, Virginia
Source: Ownwell
$897
$1,577
$2,256
Average Christiansburg Tax Bill
$1,595
Average Montgomery County Tax Bill
$1,751
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Christiansburg, Montgomery County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24073 | $771 | $1,161 | $1,595 | $2,029 | $2,617 |
Source: Ownwell