Tag: 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 …

Read 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 …

Read more

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 …

Read more

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 …

Read more

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 …

Read more

I Received A Tax Bill – Now What?

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

Read more

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 = …

Read more

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 …

Read more