Catawba, Craig County, Virginia Property Taxes
Property Taxes in Catawba, Virginia
Median Catawba, Virginia effective property tax rate: 0.52%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Catawba, Virginia home value: $171,400
Median annual Catawba, Virginia tax bill: $891, lower than the national median property tax bill of $2,400.
How are property taxes in Craig calculated?
Property taxes in Catawba, Virginia are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Catawba's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Catawba, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Catawba, Craig County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.52%
Estimate Property Tax Bill
$891
$827
How Does the Catawba Property Tax Calculator Work?
Use this Catawba property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Catawba's median effective tax rate of 0.52% — based on actual property records in Craig County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Catawba's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Catawba: rates range from 0.52% in 24070 to 0.52% in 24070, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Catawba.
About Catawba Property Taxes
About Property Taxes in Catawba, Craig, Virginia
Catawba's median effective property tax rate of 0.52% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Craig County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Catawba. Homeowners in the 24070 ZIP code carry a median effective rate of 0.52%, while those in the lowest ZIP also pay 0.52%. This spread reflects how school district boundaries and local assessment districts are drawn across Craig County. Understanding which part of Catawba you live in can make a meaningful difference to your annual tax bill.
Catawba homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the April 22, 2024 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Catawba, Craig County, Virginia
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Catawba's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Catawba Tax Rate
0.52%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Craig County Tax Rate
0.52%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Catawba, Craig County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24070 | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Catawba, Craig County, Virginia
When examining property taxes in Catawba, Virginia, understanding the distinction between market value and assessed value is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Craig County assessor estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices are sent in the spring each year and typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill.
For example, the median home price in Catawba is $171,400, with a median tax bill of $891. The highest median home price is found in zip code 24070.
Property Tax Assessment Values Across Catawba, Craig County, Virginia
Source: Ownwell
$141,600
$156,500
$171,400
Median Catawba Market Value
$171,400
Median Craig County Market Value
$143,750
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Catawba, Craig County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24070 | $43,200 | $91,750 | $171,400 | $259,450 | $366,680 |
Source: Ownwell
Property Tax Bills Across Catawba, Craig County, Virginia
How are property tax bills calculated in Catawba?
Property tax bills in Catawba are based on a home’s assessed value, which is tied to the market value of the property, and the tax rate set by local governments. For homeowners, the bill is determined by multiplying the assessed value by the applicable tax rate, so changes in home value can directly affect what is owed.
What factors are considered when calculating the bill?
Local assessments, exemptions, and the tax rate all play a role in the final amount. In Catawba, the median home price is $171,400, and the median property tax bill is $891, which is below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
How does this affect homeowners?
Bills can vary widely, with the 25th percentile at $477 and the 75th percentile at $1,349. That means homeowners with higher assessed values or fewer exemptions may pay more, while others may owe less.
Median Catawba Tax Bill
$891
Median Craig County Tax Bill
$748
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Catawba, Craig County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24070 | $225 | $477 | $891 | $1,349 | $1,907 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 22 |
Links | |
|---|---|
| Craig Tax Assessor | |
| Website | www.webgis.net |