Tag Archives: Montgomery County

I Received A Tax Bill! Do I Pay It?

If you own a home in Montgomery County, whether you’re in a town like Blacksburg or Christiansburg, or in the County itself, you very likely received one of these green forms in the mail recently. It looks like a bill, it smells like a bill … but is it a bill?

It depends.

Taxes in Montgomery County are paid semi-annually, so twice a year the County will send out these notices requesting half of your annual real estate taxes to be paid in the next month. In this case, the amount is due June 5, payable to the Montgomery County Treasurer. If your mortgage payment only consists of Principal and Interest and you’re responsible for paying your own Taxes and Insurance, then yes – you need to pay this tax, you can give it to your Tax accountant if you´re not sure how to do it yourself. If your mortgage payment every month includes esrows, then this tax should be paid by monies collected by your mortgage company.

Of course, if you want to be sure, you can contact gilbert tax, and have them talk it over with you, and explain the situation to you in detail.

So yes – this is a bill, but if you have escrows on your mortgage payment than you do not need to pay it. It would be a good idea – rather, an excellent idea – to contact your mortgage company and make sure that they received a copy of this bill, as well.

MCPS Considering Closing Two Schools?

From The Roanoke Times

If a school system closes a school, what happens?

  • What happens to the building?
  • how are buses rerouted?
  • do you break up classrooms and send some kids to one school, and others to another?
  • if teachers and administration aren’t needed elsewhere, what happens to those jobs?
  • if you close the school and keep it “in-system”, there are maintenance and upkeep and utility costs. what do those cost versus keeping it open? I know there’s a difference, wonder how much.
  • if Montgomery County grows like census figures project (writing from my phone and the link escapes me right now), does it make sense to keep these schools open and up-to-date in order to prepare for the future?

So many wrinkles.

Montgomery County’s Most Expensive Sales in 2013

cash moneyIt’s always fun to look back at the year and see what the most expensive sales in Montgomery County were during the year – and particularly interesting that this year, all five homes sold within $25000 of each other.

15. 2224 Birchleaf Lane, Blacksburg. Wyatt Farm, in Blacksburg, almost always ends up in a Top 5 post somewhere, so it’s no surprise to see it here this time, either. Listed by Coldwell Banker Townside, this custom-built home sold very quickly, going under contract in just four days at $700000. Amazing.

24. 3841 Buck Mountain Ridge, Blacksburg. Off and on the market since 2008, this property – listed by RE/Max 1st Realty – finally sold in 2013, for $700000. Spread out over 9 acres, this home in Brush Mountain West (just outside Blacksburg) should give the new owner PLENTY of space. 

33. 207 Eakin St, Blacksburg. This house, just on the edge of downtown Blacksburg, has a real presence from the street. Set on a corner lot, the previous owner had done a fantastic remodel on all three floors. Listed by Coldwell Banker Townside, and sold for $705000.

42. 335 Airport Road, Blacksburg. Didn’t get a chance to see this one, but it’s not hard to see how a newer home like this one, located in downtown, wouldn’t sell quickly for $720000. This one took just a month to go under contract – but oh, the pictures! Listed by RE/Max 1st Realty.

And without further delay, the most expensive home that sold in Montgomery County in 2013 …

51. 343 Airport Road, Blacksburg. Also listed by RE/Max 1st Realty, this home was built for a builder’s family. 4000 square feet finished, with another 2000 square feet available to finish later, the home featured everything you’d expect from something at $725000, and with nearly an acre of land in downtown. Very nice.

So there you have it – the most expensive sales in Montgomery County in 2013. Any surprises? Just one, for me … it’s amazing that some of the photos were taken from a cell phone. The houses sold, so I guess my argument is tempered a bit, but professional photography, anyone?

How Is A Subdivision Created in Montgomery County

How, exactly, is a subdivision created within Montgomery County?  You start with a piece of land, but then what?  The folks in the Planning office describe it here:

I thought this might be appropriate timing, given what Christiansburg is battling with the proposed Ivy Ridge development adjacent to New River Village.  Read more on that here, or here, or go to Roanoke.com and search “Ivy Ridge”.

Montgomery County Considering A Real Estate Tax Increase

Montgomery County wants more money.

The Board of Supervisors is considering a $.04 increase in real estate taxes on properties throughout Montgomery County, and as usual people are upset about it.  I’m not saying they shouldn’t be – anytime my bills go up I’m not terribly happy about it.  And real estate tax increases always seem to happen after reassessments … the municipality looks at what they’re collecting in taxes, and what they could be collecting with the new assessments (in this case, about $2.7 million), and it becomes only a matter of time before they go up again.  I mentioned in August 2009 that Montgomery County was doing reassessments, and that residents should be prepared for an increase, so perhaps you’re not surprised.  It happened in Radford, as well … and in Pulaski County, which says a tax hike could save two schools.  It’s nothing new.

County administrators have said the 4 cent increase is a way for the county to raise revenue to maintain most of the county services, while also offering continued funding to address school and public safety needs. It would bring in $2.7 million in additional revenue to the county.

Is an increase in the real estate tax necessary?  My feeling is that it is.  These taxes go to fund any number of public services that each and every one of us use nearly every day; things like roads, and emergency services.  Yes, I know the cost of living continues to rise everywhere, but it’s likely that the cost to run these services also continues to rise.  Who should bear that cost?  Should there be balance?

Give me your thoughts – what do you think of the proposed increase (which is being voted on April 20th)?  Should it be implemented?

Updated 4/9/10 10:33am – Sean sent this link in … seems that Americans don’t want to pay for the services they receive.  My sense is that we cut spending and raise taxes, but I understand that that’s not a favorable position on either side, sometimes.  Oh what to do?

The State of the New River Valley Real Estate Market – October 2009

The market update for October 2009 in the New River Valley is now available.  You can also read and download the report here.

The State of the New River Valley Real Estate Market – October 2009

Montgomery County – Prepare For Higher Property Values

If you live in Montgomery County, be prepared for a tax increase in 2011.  I know, that’s a year and a half away, but start putting away those shekels now – the County is beginning real estate reassessments this month.  From Montva.com:

Montgomery County Begins Real Estate Reassessments

Montgomery County has hired Wampler-Eanes Appraisal Group Ltd. to conduct the 2011 general reassessment of real estate. The appraisal firm will examine sales data and visit more than 37,000 parcels to establish fair market values for the reassessment.

Field workers will start knocking on doors on Monday, August 3 to verify information for properties sold over the past 18 months. The appraisal firm also will visit every taxable and nontaxable property in the County over the next year to verify property information, such as square feet, and number of bedrooms and baths. Field workers will have County IDs and cars marked “County Reassessment.”

If an owner is not present at the time of the visit, a notice will be left on the door indicating the property has been inspected. If additional data is needed or the owner has any pertinent information which can affect the value of their property, residents may call 540-381-6800 from 9 a.m. to 5 p.m. Monday through Thursday.

The County is required by the Code of Virginia to reassess properties at 100 percent of market value at least every four years. The reassessed value and the real estate tax rate are used to determine real estate tax bills. Property owners will receive notices of the new assessed values in November 2010. The reassessed property values will go into effect Jan. 1, 2011, and will remain in effect until the next reassessment.

For more information, see www.montva.com or call 540-381-6800, Monday – Thursday, 9 a.m. –to 5 p.m.

A reassessment doesn’t necessarily mean that your tax value WILL go up, but I’ve not seen it go down in our area, either.  A reassessment can always be disputed, and the County will publish information on that process at a later date.  For now, sit tight and start checking the couch for pennies!

Here’s Your Huckleberry (updated)

Last week I wrote about the new Huckleberry Trail extension OVER Pepper’s Ferry Road.  An editorial came out this weekend about that bridge, you can read it here.  I don’t know who to attribute the ed to, sorry.

What do you think?  Do you use the trail?  How should Christiansburg approach this?

Here’s Your Huckleberry (updated)

Last week I wrote about the new Huckleberry Trail extension OVER Pepper’s Ferry Road.  An editorial came out this weekend about that bridge, you can read it here.  I don’t know who to attribute the ed to, sorry.

What do you think?  Do you use the trail?  How should Christiansburg approach this?