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Reply to "Moving from MD to VA; Vehicle Property Tax, any other "hidden costs"?"
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[quote=Anonymous]Montgomery County currently has the lowest property tax rate in the state at 0.77 percent, but has the highest median home sale price at $420,000. It may say .98 of assessed value but with homesteads exemption it is less as it is not .98 of market value. My house is worth 1.4 million and I pay $12,300 in MoCo as a primary owner with homestead. So clearly not .98 of 1.4 million. [/quote]
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