Craig County, Virginia Property Taxes
Census Bureau ACS property tax data for Virginia. Population: 1,455.
The median annual property tax in Craig County is $958, which is 51% lower than the Virginia state average and 50% below the national average. The effective tax rate is 0.46% on a median home value of $210,500. Property taxes represent 1.4% of the median household income in this county.
Median Annual Tax
$958
-51% vs State
-50% vs US
Median Home Value
$210,500
-24% vs State
-1% vs US
Effective Tax Rate
0.46%
-31% vs State
-52% vs US
With vs Without Mortgage
With Mortgage
$809
$67/mo
Without Mortgage
$1,131
$94/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $958 +13.4% | 0.46% |
| 2022 | $845 +7.6% | 0.46% |
| 2021 | $785 -0.8% | 0.44% |
| 2020 | $791 -1.7% | 0.53% |
| 2019 | $805 | 0.49% |
Tax Burden
Tax-to-Income Ratio
1.4%
of median household income
Median Income
$67,778
per year
Monthly Tax
$80
per month
Other Counties in Virginia
Chesapeake city
Tax: $2,937/yr Rate: 0.82%
Lexington city
Tax: $2,378/yr Rate: 0.86%
Gloucester County
Tax: $1,718/yr Rate: 0.59%
Washington County
Tax: $1,038/yr Rate: 0.51%
Bedford County
Tax: $1,265/yr Rate: 0.46%
Buckingham County
Tax: $874/yr Rate: 0.52%
Frequently Asked Questions
What is the average property tax in Craig County, Virginia? ▼
The median annual property tax in Craig County is $958 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.46% on a median home value of $210,500.
How does Craig County property tax compare to the national average? ▼
Property taxes in Craig County are 50% below the national average of $1,923. The effective rate of 0.46% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Craig County? ▼
In Craig County, homeowners with a mortgage pay a median of $809 in annual property taxes, while homeowners without a mortgage pay $1,131. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Craig County? ▼
Property taxes in Craig County represent approximately 1.4% of the median household income of $67,778. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.