Rate Breakdown

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

How Property Tax Works in Montgomery County

In Montgomery County, Virginia, property taxes are calculated based on the assessed value of your property and the applicable tax rate (millage rate). The county assesses real estate every two years, with assessments reflecting fair market value as of January 1 of the assessment year. The millage rate, set annually by the Board of Supervisors, is applied per $100 of assessed value. For example, if your home is assessed at $300,000 and the tax rate is $0.85 per $100, your annual tax would be $2,550.

• Assessment Process: Conducted biennially by the Commissioner of the Revenue’s office, with notices mailed to property owners.
• Millage Rate: Composed of county, school, and other local tax rates, which may vary by district.

Available Exemptions

Montgomery County offers several exemptions to reduce property tax burdens for eligible residents:

• Homestead Exemption: Virginia does not offer a statewide homestead exemption, but some localities provide relief for primary residences. Check with the county for eligibility.
• Senior Citizen Exemption: Residents aged 65+ or permanently disabled may qualify for tax relief based on income and asset limits.
• Disabled Veteran Exemption: Veterans with a 100% service-connected disability may be exempt from property taxes on their primary residence.
• Other Exemptions: Religious, charitable, or government-owned properties may also qualify for exemptions.

Applications for exemptions must be submitted to the Commissioner of the Revenue’s office with supporting documentation.

Payment Schedule & Deadlines

Montgomery 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 a 10% penalty plus interest (10% annual rate). If taxes remain unpaid, the county may place a lien on the property or initiate foreclosure proceedings. Payment plans may be available for qualifying taxpayers—contact the Treasurer’s office for details.

Appealing Your Assessment

If you believe your property’s assessed value is inaccurate, you can appeal the assessment:

• Step 1: File an appeal with the Commissioner of the Revenue’s office within 30 days of receiving your assessment notice.
• Step 2: Provide evidence such as recent sales of comparable properties or an independent appraisal.
• Step 3: Attend a hearing with the Board of Equalization, which reviews appeals and may adjust the assessment.

If unsatisfied with the Board’s decision, you may further appeal to the Virginia Circuit Court. Deadlines and procedures are strict, so act promptly.