Real Estate Taxes
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2008 Real Estate Tax Rate: $0.71 per $100
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Real Estate Tax
All real property in Montgomery County is
subject to taxation, except that which is specifically exempt. Property is
assessed as of January 1 of each year. The Montgomery County Board of
Supervisors sets the tax rate. Payment is made to the Treasurer’s Office in
two installments due June 5 and December 5. Payment can be made in person to the
Montgomery County Treasurer’s Office, 755 Roanoke Street,
Suite 1B, Christiansburg, VA 24073-3171.
Under Virginia law, failure to receive a tax
bill will not relieve the penalty and interest charges that must be applied to
all past due bills. Only the postmark applied by the United States Postal
Service to tax remittance envelopes will be used to determine timeliness of
mailed payments.
If you do not receive a bill approximately four
weeks prior to the due dates of June 5 and December 5, contact the Treasurer’s
Office before the due date at (540) 382-5723.
Mortgage Escrow Accounts
It is the responsibility of your
mortgage co. to request, in writing, your real estate tax bill, if you
maintain an escrow account to pay taxes. If you have an escrow account, yet
receive a bill, forward the bill to your mortgage company for payment. You
should also ask them to request, in writing, all future tax bills.
It is the mortgage company’s responsibility to request a tax bill for payment
and the homeowner’s responsibility to ensure timely payment of the taxes. If a
mortgage company fails to pay by the tax deadline, penalty and interest will be
applied accordingly.
Purchase Or Sale Of Real Property
Under Virginia law, real property is
assessed in the owner’s name as of January 1st of each year. It is
the responsibility of the purchaser to see that all taxes are paid to current at
the time of purchase. Any lien arising from a tax delinquency attaches to
the property. If you have sold the property referred to on the tax bill and
another person has assumed responsibility for payment, please forward the bill
promptly to that person or return it to the Treasurer’s Office along with the
new owner’s name and address. A delay on your part may require the new
owner to pay a penalty and interest, if the bill is received and paid late.
Change In Address And/or Tax Billing Status
If there has been a change in your
address or any change pertaining to the tax billing status, call the
Commissioner of Revenue @ (540)382-5710 so records can be updated and future
bills mailed to the correct address. If your loan is paid off, please call the
Treasurer’s Office at (540) 382-5723, extension 4184.
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