Craig County Property Taxes
Craig County, Virginia
Effective Tax Rate
0.00%
51.1% below state avgMedian Annual Tax
$0
$80/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
0.46%
At a Glance
Median Home Value
$210,500
State avg ▼ $278,065
Tax w/ Mortgage/yr
$809
$67/mo escrow
Tax w/o Mortgage/yr
$1,131
$94/mo
State Tax Rate Rank
#8
of 133 counties (1 = lowest)
Data Story
About Property Taxes in Craig County, Virginia
Craig's low rate reflects rural simplicity
Craig County's effective tax rate of 0.455% ranks among the nation's absolute lowest, dramatically undercutting the national median of 0.72%. The median property tax of $958 is just 36% of the national median of $2,690, reflecting Craig's rural character and limited property valuations.
Second-lowest Virginia tax rate
Craig County's 0.455% effective rate trails only Clarke County (0.512%) statewide, providing exceptional tax advantages for rural residents. The median tax bill of $958 ranks lowest among Virginia's 95 jurisdictions, a reflection of both low rates and modest home values.
Rural haven amid Appalachian region
Craig's $958 median property tax is significantly lower than neighboring Covington city's $629—the difference reflects Covington's slightly more developed property base. Craig's 0.455% rate is the region's most favorable, attracting rural residents seeking minimal tax burden.
Lowest absolute tax bills statewide
A Craig County homeowner with the median-valued property of $210,500 pays approximately $958 in annual property taxes. Mortgage holders typically pay $809, while owners without mortgages pay $1,131, reflecting local assessment variation.
Appeals worth checking despite low rates
Craig County's minimal tax bills make assessment accuracy less urgent economically, yet any overvaluation still represents unfair burden. A straightforward appeal costs nothing and takes minimal effort given the county's small, accessible bureaucracy.
How Craig County Compares
Median Annual Property Tax
Craig County
0.46%
Effective rate
Virginia Avg
0.70%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Craig County, Virginia?
How much are property taxes in Craig County?
How does Craig County compare to the Virginia average?
What is the median home value in Craig County, Virginia?
Is Craig County a low property tax area in Virginia?
How does Craig County rank for property taxes in Virginia?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in Virginia
Prince Edward County
0.40%
Bath County
0.40%
Nottoway County
0.42%
Mathews County
0.42%
Amelia County
0.43%
Lunenburg County
0.44%
Buchanan County
0.44%
Bedford County
0.46%
Campbell County
0.46%
Northumberland County
0.48%
Mecklenburg County
0.49%
Halifax County
0.49%
Augusta County
0.49%
Lancaster County
0.49%
Wythe County
0.49%
Data updated: March 2026
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.