Montross, Westmoreland County, Virginia Property Taxes
Median Montross, VA effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Montross, VA home value: $61,900
Median annual Montross, VA tax bill: $383, $2,017 lower than the national median property tax bill of $2,400.
How are property taxes in Westmoreland calculated?
Property taxes in Montross, 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 Montross’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Montross, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Montross, Westmoreland County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.62%
Estimate Property Tax Bill
$384
$356
Property Tax Rates Across Montross, Westmoreland County, Virginia
Local government entities set tax rates, which can vary widely within Virginia. Each year, counties estimate their required budgets to provide essential services and divide that by the total value of all taxable property within their jurisdiction to calculate the property tax rate. Though laws and votes are involved in setting these rates, this is essentially the annual process.
In Montross, located in Westmoreland County, the effective property tax rate stands at 0.62%, which is relatively low compared to many other regions. This offers property owners a more affordable tax bill compared to the national median property tax rate of 1.02%. Such a rate can be attractive for prospective homeowners and investors considering Virginia as a potential location.
Comparatively, Montross's property tax rate aligns with the highest and lowest rates in the surrounding area, indicating a level of consistency in local taxation. This consistency provides a predictable tax environment, which can be beneficial for long-term financial planning. By understanding these rates, property owners can better navigate their financial obligations and make informed decisions about their investments.
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 Montross Tax Rate
0.62%
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 Westmoreland County Tax Rate
0.62%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Montross, Westmoreland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22520 | 0.62% | 0.62% | 0.62% | 0.62% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Montross, Westmoreland County, Virginia
When examining property taxes in Montross, 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 Westmoreland 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 Westmoreland County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Montross. For example, the median home price in Montross is $61,900, with tax bills ranging significantly across the county. Zip code 22520 has the highest median home price at $61,900.
Property Tax Assessment Values Across Montross, Westmoreland County, Virginia
Source: Ownwell
$21,700
$133,300
$244,900
Median Montross Market Value
$61,900
Median Westmoreland County Market Value
$52,550
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Montross, Westmoreland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22520 | $5,200 | $16,600 | $61,900 | $212,200 | $376,500 |
Source: Ownwell
Property Tax Bills Across Montross, Westmoreland County, Virginia
Median Montross Tax Bill
$383
Median Westmoreland County Tax Bill
$310
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Montross, Westmoreland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22520 | $32 | $129 | $383 | $1,317 | $2,349 |
Source: Ownwell