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Montgomery County, VA Property Tax Calculator

Montgomery County homeowners pay a median $2,249 a year in property tax, 0.74% of a median $304,600 home: above Virginia's 0.73% but below the national 0.94%.

At an effective rate of 0.74%, a $304,600 home pays about $2,248 a year in property tax, $187 a month.

Property tax a year
$2,248
A month (for escrow)
$187
Effective rate on the home
0.74%

Property tax in Montgomery County by home value, at 0.74%

Home valueA yearA month
$200,000$1,476$123
$300,000$2,214$185
$400,000$2,952$246
$500,000$3,690$308
$750,000$5,535$461
$1,000,000$7,380$615

Montgomery County against Virginia and the US

Effective rateMedian taxMedian home valueMedian household income
Montgomery County0.74%$2,249$304,600$72,715
Virginia0.73%$2,790$383,700$93,170
United States0.94%$3,119$332,700$80,734

How this calculator works

Median real estate taxes paid ÷ median home value in Montgomery County, from the Census Bureau's American Community Survey 2020–2024 5-year estimates. The calculator starts at the county's median home value and rate.

What it assumes

  • Cities, school districts and special districts within the county levy different rates, so bills vary within it.
  • Survey figures cover 2020 to 2024 and lag recent reassessments.

Questions people ask

What is the property tax rate in Montgomery County?

The effective rate is 0.74%: a median $2,249 a year on a median $304,600 home. That's the 21st highest of the 36 Virginia counties we cover.

How much is property tax on a $400,000 house in Montgomery County?

About $2,952 a year, $246 a month, at the county's effective rate, before any exemption.

How does Montgomery County compare with the rest of Virginia?

Its rate is above the state's 0.73%. Across Virginia, covered counties range from 0.43% to 1.04%.

How do I lower my Montgomery County property tax?

Apply for every exemption you qualify for, such as a homestead exemption, and appeal your assessment if it is higher than comparable homes sold nearby; the county assessor explains the deadlines.

Other Virginia counties

Related calculators

  • Virginia Property Tax CalculatorVirginia homeowners pay a median $2,790 a year in property tax, 0.73% of a median $383,700 home: the 31st highest effective rate of the 50 states and DC.
  • Virginia Mortgage CalculatorYour monthly mortgage payment in Virginia, with Virginia's effective property tax rate (0.73%) built in, at this week's average rate. The calculator starts at the state's median home value, $383,700.
  • Home Affordability CalculatorThe home price your income supports under the 28/36 guideline lenders use, counting your other debts, down payment, taxes and insurance, at this week's average rate.

Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.