Radford, Montgomery County, Virginia Property Taxes

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Property Taxes in Radford, Virginia

Median Radford, Virginia effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Radford, Virginia home value: $202,700
Median annual Radford, Virginia tax bill: $1,520, lower than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

Property taxes in Radford, 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 Radford's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Radford, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

Radford, Montgomery County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.75%

Estimate Property Tax Bill

$1,520

$1,411

How Does the Radford Property Tax Calculator Work?

Use this Radford property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Radford's median effective tax rate of 0.75% — based on actual property records in Montgomery County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Radford'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 Radford: rates range from 0.75% in 24141 to 0.75% in 24141, 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 Radford.

About Radford Property Taxes

About Property Taxes in Radford, Montgomery, Virginia

Radford’s median effective property tax rate of 0.75% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Montgomery 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 Radford. Homeowners in the 24141 ZIP code carry a median effective rate of 0.75%, while those in the same ZIP also pay 0.75%. This spread shows how school district boundaries and local assessment districts are drawn across Montgomery County. Understanding which part of Radford you live in can make a meaningful difference to your annual tax bill.

Radford homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 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 Radford, Montgomery 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 Radford's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.

Property Tax Rates Across Radford, Montgomery County, Virginia

Source: Ownwell

0.75%

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 Radford Tax Rate

0.75%

Median Effective Montgomery County Tax Rate

0.75%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Radford, Montgomery County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24141	0.75%	0.75%	0.75%	0.75%	0.75%

Source: Ownwell

Property Tax Assessment Values Across Radford, Montgomery County, Virginia

When examining property taxes in Radford, 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 Montgomery County appraisal district 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:

In Montgomery County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.

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. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Radford.

For example, the median home price in Radford is $202,700, with tax bills ranging significantly across the county. 24141 has the highest median home price at $202,700.

Property Tax Assessment Values Across Radford, Montgomery County, Virginia

Source: Ownwell

$128,150

$226,725

$325,300

Median Radford Market Value

$202,700

Median Montgomery County Market Value

$252,100

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Radford, Montgomery County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24141	$51,420	$126,250	$202,700	$301,450	$429,520

Source: Ownwell

Property Tax Bills Across Radford, Montgomery County, Virginia

Property tax bills in Radford are calculated by applying the local tax rate to a home’s assessed market value. The assessed value is based on what the property is worth for tax purposes, and that figure is then multiplied by the tax rate set by the city and county. For homeowners, this means a higher assessed value usually leads to a higher bill, while a lower assessed value can reduce what is owed.

In Radford, the median home price is $202,700, and the median property tax bill is $1,520. That is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%. Property tax bills can vary widely, with the 25th percentile at $947 and the 75th percentile at $2,261. For some homeowners, this can make property taxes a manageable part of housing costs, while for others it can create a significant yearly expense.

Property Tax Bills Across Radford, Montgomery County, Virginia

Source: Ownwell

$961

$1,700

$2,439

Median Radford Tax Bill

$1,520

Median Montgomery County Tax Bill

$1,892

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Radford, Montgomery County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24141	$386	$947	$1,520	$2,261	$3,221

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	June 1

Links
Montgomery Tax Assessor
Website	realestate.montva.com

Frequently Asked Property Tax Questions in Radford, Virginia

How are property taxes calculated in Radford, Virginia?

Property taxes in Radford, Virginia are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Radford, Virginia?

To appeal your property taxes in Radford, Virginia, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Radford, Virginia?

Common property tax exemptions in Radford, Virginia include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Radford, Virginia?

Property tax deadlines in Radford, Virginia vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Radford, Virginia?

Ownwell provides professional property tax appeal services in Radford, Virginia. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.