Rate Breakdown

Property taxes in Craig County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Craig County

In Craig County, Virginia, property taxes are calculated based on the assessed value of real estate and personal property. The county conducts periodic assessments to determine the fair market value of properties. The tax rate, known as the millage rate, is set annually by the Board of Supervisors and applied to the assessed value. For example, if the millage rate is $0.75 per $100 of assessed value, a home valued at $200,000 would owe $1,500 annually in property taxes.

• Assessment Process: Properties are reassessed every 4-6 years, though values may be adjusted annually based on market trends.
• Millage Rate: Composed of county, school, and sometimes special district rates, totaling the final tax obligation.

Available Exemptions

Virginia offers several property tax exemptions that may reduce your liability in Craig County:

• Homestead Exemption: While Virginia doesn’t have a statewide homestead exemption, some localities offer relief for primary residences.
• Senior Citizen Exemption: Residents aged 65+ or permanently disabled may qualify for tax deferrals or reductions based on income limits.
• Veteran Exemptions: Disabled veterans or surviving spouses may receive partial or full exemptions depending on disability rating.

Applications for exemptions must be filed with the Craig County Commissioner of the Revenue’s office, often requiring proof of eligibility (e.g., age, income, or disability status).

Payment Schedule & Deadlines

Craig County property taxes are typically due in two installments:

• First Half: Due by June 5.
• Second Half: Due by December 5.

Payments can be made online, by mail, or in person at the Treasurer’s Office. Late payments incur penalties (up to 10% of the owed amount) and interest (1% monthly). Partial payments may be accepted, but unpaid taxes risk a tax lien or eventual sale of the property.

Appealing Your Assessment

If you believe your property’s assessed value is inaccurate, you can appeal in Craig County:

• Step 1: File an appeal with the Commissioner of the Revenue within 30 days of receiving your assessment notice.
• Step 2: Provide evidence (e.g., recent comparable sales, appraisal reports, or photos of property defects) to support your claim.
• Step 3: Attend a hearing with the Board of Equalization, which will review the evidence and issue a decision.

If unsatisfied, further appeals can be made to the Virginia Circuit Court. Deadlines and requirements are strict, so timely action is critical.