Tag Archives: real estate taxes

Montgomery County Real Estate Assessments To Begin

Death and taxes … again. Well, one of those only happens once, but you get the drift.

Montgomery County just announced that they would begin reassessment of real estate parcels on July 31, 2017. From their release:

Field workers will start knocking on doors on Monday, July 31, 2017, to 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, it can be a hassle and it´s no wonder why people prefer investing in Denver real estate. Field workers will have County identification badges and cars marked “County Reassessment.”

You can read the full release here.

Reassessments are done every four years, and the values are used to determine what a property owner might owe on a particular property, Century 21 can be very helpful with property management, visit website here – you can read more about how taxes are calculated throughout the New River Valley here, one of the most read posts ever on NRVLiving.com.

Visit long distance moving companies on MyLongDistanceMovers.com to fin out more.

 

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.

Real Estate Taxes in the New River Valley

In the last several weeks, we’ve been doing a lot of candidate tours for various colleges at Virginia Tech looking to hire new folks. Invariably, as we’re showing these prospective hires all that the New River Valley, the question always comes up – “what are real estate taxes like?”

Ah, taxes. We all love them, right? Of course not, but we’re lucky to have relatively low taxes compared to other areas of the country. However, they’re a part of the equation when making your mortgage payment every month. These amounts will vary from locality to locality, and in some cases a municipality will have TWO rates – one rate will be for the City or Town, and the other rate will be for the appropriate County. Feel free to use the phone numbers below to contact the taxing authority if you have questions.*

Note – This is a post that’s been written on this site several times, and is still one of the most regular hits. This time around, I thought I’d update it with the date of the last assessment based on http://www.rebeccasrealtor.com, as well as the date of the next assessment. Rates should not change during that period.

To calculate current yearly tax, take the current assessed value of the home, divide by 100 and multiply by the current tax rate.

The assessed value of the home is $250000 and the home is in Blacksburg:
$250000/100 = 2500 x 1.14 = 2850           Yearly tax $2850

Locale Tax Rate Phone Number Last Assessment Next Assessment
Blacksburg $.25 + $.89 = $1.14 540-961-1105 2015 2019
Bland County $.60 276-688-3741 2014 2020
Christiansburg $.16 + $.89 = $1.05 540-382-9519 2015 2019
Craig County $.59 540-864-6241 2017 2023
Floyd County $.55 540-745-9345 2015 2020
Giles County $.61 540-921-3321 2015 2020-2021
Montgomery County $.89 540-382-5717 2015 2019
Pulaski County $.54 540-980-7785 2014 2020
Radford City $.76 540-731-3661 2016 2020
Rich Creek $.20 + $.61 = $.74 540-726-3260 2015 2020-2021
Town of Floyd $.24 + $.55 = $.79 540-745-2565 As needed As needed
Town of Pulaski $.34 + $.64 = $.86 540-994-8640 2014 2020
Town of Narrows $.47 + $.61 = $1.08 540-726-2423 2015 2020-2021
Town of Pearisburg $.335 + $.61 = $.945 540-921-0340 2015 2020-2021
Town of Pembroke $.326 + $.61 = $.936 540-626-7191 2016 2020

* Tax information is assumed reliable – contact the local Commissioner of the Revenue for more information.  Updated 04/28/17.

New River Valley Real Estate Taxes

Several inquiries recently have asked about property taxes in the New River Valley, so I thought this would be an appropriate repost.

Ah, taxes; and real estate taxes have certainly been a part of the discussion in Montgomery County lately (see here and here). If you’re going to own a home, however, they’re a part of the equation when making your mortgage payment every month.  These amounts will vary from locality to locality, and in some cases a municipality will have TWO rates – one rate will be for the City or Town, and the other rate will be for the appropriate County.  Feel free to use the phone numbers below to contact the taxing authority if you have questions.* I recommend to use real estate israel for a reliable and affordable service.

The good news is that by paying taxes, we’re contributing to the infrastructure that makes the New River Valley such a great place to live.  But how the heck do they come up with the amount you need to pay?  Well, it’s based on the rate that’s voting on by the various municipalities, and they’re detailed below or just visit burnett county wi real estate.

To calculate current yearly tax, take the current assessed value of the home, divide by 100 and multiply by the current tax rate. All values and numbers are calculated and confirmed through homes for sale in Raleigh NC.

The assessed value of the home is $250000 and the home is in Blacksburg:
$250000/100 = 2500 x 1.09 = 2725           Yearly tax $2725

Locale Tax Rate Phone Number
Blacksburg $.22 + $.87 = $1.09 540-961-1105
Bland County $.55 276-688-3741
Christiansburg $.1126 + $.87 = $.9826 540-382-9519
Craig County $.54 540-864-6241
Floyd County $.50 540-745-9345
Giles County $.54 540-921-3321
Montgomery County $.87 540-382-5717
Pulaski County $.54 540-980-7785
Radford City $.76 540-731-3661
Rich Creek $.20 + $.54 = $.74 540-726-3260
Town of Floyd $.47 540-745-9435
Town of Pulaski $.32 + $.54 = $.86 540-994-8640
Town of Narrows $.38 + $.54 = $.92 540-726-2423
Town of Pearisburg $.27 + $.54 = $.81 540-921-0340
Town of Pembroke $.30 + $.54 = $.84 540-626-7191

* Tax information is assumed reliable – contact the local Commissioner of the Revenue for more information.  Updated 9/25/12.

Real Estate Tax Rates in the New River Valley

Ah, taxes; and real estate taxes have certainly been a part of the discussion in Montgomery County lately (see here and here). If you’re going to own a home, however, they’re a part of the equation when making your mortgage payment every month.  These amounts will vary from locality to locality, and in some cases a municipality will have TWO rates – one rate will be for the City or Town, and the other rate will be for the appropriate County.  Feel free to use the phone numbers below to contact the taxing authority if you have questions.*

The good news is that by paying taxes, we’re contributing to the infrastructure that makes the New River Valley such a great place to live.  But how the heck do they come up with the amount you need to pay?  Well, it’s based on the rate that’s voting on by the various municipalities, and they’re detailed below.

To calculate current yearly tax, take the current assessed value of the home, divide by 100 and multiply by the current tax rate.

The assessed value of the home is $250000 and the home is in Blacksburg:
$250000/100 = 2500 x 1.09 = 2725           Yearly tax $2725

Locale Tax Rate Phone Number
Blacksburg $.22 + $.87 = $1.09 540-961-1105
Bland County $.55 276-688-3741
Christiansburg $.1126 + $.87 = $.9826 540-382-9519
Craig County $.54 540-864-6241
Floyd County $.50 540-745-9345
Giles County $.54 540-921-3321
Montgomery County $.87 540-382-5717
Pulaski County $.54 540-980-7785
Radford City $.76 540-731-3661
Rich Creek $.20 + $.54 = $.74 540-726-3260
Town of Floyd $.47 540-745-9435
Town of Pulaski $.32 + $.54 = $.86 540-994-8640
Town of Narrows $.38 + $.54 = $.92 540-726-2423
Town of Pearisburg $.27 + $.54 = $.81 540-921-0340
Town of Pembroke $.30 + $.54 = $.84 540-626-7191

* Tax information is assumed reliable – contact the local Commissioner of the Revenue for more information.  Updated 9/25/12.

I Received A Tax Bill – Now What?

This afternoon, I received an email from a recent first-time buyer, who asked:

Are taxes part of escrow‘Tis the season!

When you purchase a home, you have the option of either establishing an escrow account, or not establishing one.  From an earlier post:

When you establish an escrow account with your lender, each month your mortgage payment is divided in to four parts:  (1) Principal, (2) Interest, (3) Taxes and (4) Insurance.

  • Principal pays down the amount of the loan.
  • Interest is the interest on your loan.
  • Taxes are your real estate taxes (take the yearly tax amount and divide by 12 and you’ll know your monthly tax responsibility).
  • Insurance is insurance you’ll need to protect the home (the home’s value multiplied by .0025, then divided by 12 is generally a good rule of thumb, but talk to an experienced agent to get a better quote).

If you establish escrow, the prescribed amounts will be set aside each month and paid for you when the bills are submitted.  Then, when your property tax bill comes in, your lender will pay it out of your escrow account.  Likewise, when your insurance bill is due, your lender will pay THAT out of your escrow account, as well.  But if you decided not to establish escrow <cue scary music>, you’d be responsible for paying those bills when they come due, and assuring you had the appropriate amounts in reserve.

Lenders – and municipalities – make mistakes, so if you’ve established an escrow account it’s a good idea to check in with your lender to say “hey, how ya’ doing, and by the way did you get this bill?”

Glad you’re enjoying the house, Adam.

Need a house in order to get a tax bill?  This link can get you started.

New River Valley Real Estate Tax Rates

This is a ripoff of a post I did in February 2010, but since the real estate tax rates throughout the NRV have changed a bit since then, I thought I’d update it.

To calculate current yearly tax, take the current assessed value of the home, divide by 100 and multiply by the current tax rate.

The assessed value of the home is $250000 and the home is in Blacksburg:
$250000/100 = 2500 x .96 = 2400
Yearly tax $2400

Locale Tax Rate Phone Number
Blacksburg $.22 + $.74 = $.96 540-961-1105
Bland County $.55 540-688-3741
Christiansburg $.1126 + $.74 = $.8526 540-382-9519
Craig County $.56 540-864-6241
Floyd County $.47 540-745-9345
Giles County $.52 540-626-7067
Montgomery County $.74 540-382-5717
Pulaski County $.54 540-980-7785
Radford City $.76 540-731-3661
Rich Creek $.20 + $.52 = $.72 540-726-3260
Town of Floyd $.47 540-745-9435
Town of Pulaski $.30 + $.54 = $.84 540-994-8640
Town of Narrows $.31 + $.52 = $.83 540-726-2423
Town of Pearisburg $.27 + $.52 = $.79 540-921-0340
Town of Pembroke $.26 + $.52 = $.78 540-626-7191

* Tax information is assumed reliable – contact the local Commissioner of the Revenue for more information.

Updated 6/28/10.

New River Valley Real Estate Tax Rates

Death and taxes.  Good way to start a post, right?

When making a mortgage payment every month, one of the pieces of that payment includes your real estate taxes.  These amounts will vary from locality to locality, and in some cases a municipality will have TWO rates – one rate will be for the City or Town, and the other rate will be for the appropriate County.  Feel free to use the phone numbers below to contact the taxing authority if you have questions.*

The good news is that by paying taxes, we’re contributing to the infrastructure that makes the New River Valley such a great place to live.  But how the heck do they come up with the amount you need to pay?  Well, it’s based on the rate that’s voting on by the various municipalities, and they’re detailed below.  You’ll note that some have TWO rates – one is the Town or City rate, added to the County rate.  And should you need more information about a particular location, feel free to use the phone numbers below to contact the taxing authority.

To calculate current yearly tax, take the current assessed value of the home, divide by 100 and multiply by the current tax rate.

The assessed value of the home is $250000 and the home is in Blacksburg:
$250000/100 = 2500 x .96 = 2325           Yearly tax $2325

Locale Tax Rate Phone Number
Blacksburg $.22 + $.74 = $.96 540-961-1105
Bland County $.55 540-688-3741
Christiansburg $.1126 + $.74 = $.8526 540-382-9519
Craig County $.56 540-864-6241
Floyd County $.47 540-745-9345
Giles County $.52 540-626-7067
Montgomery County $.74 540-382-5717
Pulaski County $.54 540-980-7785
Radford City $.76 540-731-3661
Rich Creek $.20 + $.52 = $.72 540-726-3260
Town of Floyd $.47 540-745-9435
Town of Pulaski $.30 + $.54 = $.84 540-994-8640
Town of Narrows $.31 + $.52 = $.83 540-726-2423
Town of Pearisburg $.27 + $.52 = $.79 540-921-0340
Town of Pembroke $.26 + $.52 = $.78 540-626-7191

* Tax information is assumed reliable – contact the local Commissioner of the Revenue for more information.  Updated 6/28/10.

Real Estate Taxes In The New River Valley

Taxes.  Everyone’s got to pay them, and they never go down.  That’s the bad news.Aug07_tax

The good news is that by paying taxes, we’re contributing to the infrastructure that makes the New River Valley such a great place to live.  But how the heck do they come up with the amount you need to pay?  Well, it’s based on the rate that’s voting on by the various municipalities, and they’re detailed below.  You’ll note that some have TWO rates – one is the Town or City rate, added to the County rate.  And should you need more information about a particular location, feel free to use the phone numbers below to contact the taxing authority.

To calculate current yearly tax, take the current assessed value of
the home, divide by 100 and multiply by the current tax rate.

The assessed value of the home is $250000 and the home is in Blacksburg:
$250000/100 = 2500 x .93 = 2325  Yearly tax $2325

The following rates are current as of July 1, 2008

      Locale            Tax Rate            Phone Number     
Blacksburg $.22 + $.71 = $.93 540-961-1105   
Bland County $.69 540-688-3741   
Christiansburg $.144 + $.71 = $.854     540-382-9519
Craig County $.52 540-864-6241
Floyd County $.60 540-745-9345
Giles County $.63 540-626-7067
Montgomery County     $.71 540-382-5717
Pulaski County $.62 540-980-7785
Radford City $.73 540-731-3661
Rich Creek $.22 + $.63 = $.85 540-726-3260
Town of Floyd $.60 540-745-9435
Town of Pulaski $.32 + $.62 = $.94 540-994-8640
Town of Narrows $.34 + $.63 = $.97 540-726-2423
Town of Pearisburg $.29 + $.63 = $.92 540-921-0340
Town of Pembroke $.30 + $.63 = $.93 540-626-7191

Think the New River Valley Isn’t A Good Value?

I was at a conference last week in Leesburg for a few hours, and one of the presenters brought up his blog to talk about a couple of issues.  I was shocked at the front page …

"The Loudoun County Board of Supervisors approved a tax rate increase of 19% for real estate.  The new rate is $1.14 per $1000 in property value."

Holy cow!  $1.14 per $1000 in property value?  If a home is valued at $500000 (which is pretty close to the average), you're going to pay $5700 a year in taxes, $475 a month, or almost $16 A DAY!

A comparison?

Look at the New River Valley, where tax rates range from $.89 in Blacksburg,  $.77 in Christiansburg and $.73 in Radford.  Using the same $500000 home, that would be:

  • Blacksburg – $4450.00
  • Christiansburg – $3850.00
  • Radford – $3650

If you're looking to move out of the Northern VA (and we're working with several now that are), the New River Valley can help you save some of those dollars.

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