What is the property tax rate in Cave Spring, VA?

Cave Spring has an estimated effective property tax rate of 0.86%. On a median home valued at $296,700, homeowners pay approximately $2,561 per year in property taxes.

How does Cave Spring compare to Roanoke County?

Cave Spring's effective rate of 0.86% is 1% higher than the Roanoke County average of 0.85%. The county-wide median annual tax is $2,436, while Cave Spring homeowners pay an estimated $2,561.

How much are property taxes in Cave Spring on a $300,000 home?

Based on Cave Spring's effective rate of 0.86%, property taxes on a $300,000 home would be approximately $2,580 per year, or about $215 per month.

Cave Spring Property Tax Rate

Roanoke County, Virginia

0.86%effective rate

Cave Spring is located in Roanoke County, Virginia. Homeowners in Cave Spring pay a median of $2,561 per year in property taxes on a home valued at $296,700, resulting in an effective tax rate of 0.86%. This is 1% higher than the Roanoke County average of 0.85%.

Effective Tax Rate🏠

0.86%

vs 0.85% county avg

Est. Annual Tax💰

$2,561

Per year

Median Home Value📊

$296,700

2024 estimate

Population📍

26,014

Cave Spring, VA

How Cave Spring Compares

Cave Spring

0.86%

Roanoke County Average

0.85%

Virginia Average

0.73%

National Average

0.92%

About Property Taxes in Cave Spring

Property taxes in Cave Spring are collected by Roanoke County. Tax exemptions available to Roanoke County residents — including homestead, senior, and disability exemptions — also apply to homeowners in Cave Spring. For detailed information on available exemptions and the county tax collector, see the Roanoke County property tax page.

Property Tax Calculator

Estimate your annual property tax in Cave Spring

Home Value

$50k$2M

Apply homestead exemption ($100,000 school tax reduction)

Estimated Annual Property Tax

$2,580

$215/month · Rate: 0.86%

Roanoke County Property Taxes

County-level data, exemptions, historical trends, and tax collector info.

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Virginia Property Taxes

Statewide rates, all 133 counties, and exemptions.

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Think your property tax is too high?

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Frequently Asked Questions

Data Source: U.S. Census Bureau, 2024 American Community Survey 5-Year Estimates. City-level tax data is derived from Census place-level statistics. Effective tax rates are calculated by dividing median real estate taxes paid by median home value. Actual property tax rates may vary based on local taxing jurisdictions, exemptions, and assessment practices. This information is for general reference only and should not be used as a substitute for professional tax advice.