Highland County Property Taxes
The median property tax rate in Highland County is 0.48%, which is significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Highland County at $166,600, the typical annual property tax bill is $799, far below the national median of $2,690. Property taxes in Highland County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Highland County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Monterey or another part of Highland County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Highland County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$800
Ownwell’s Highland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Highland with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Highland to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Highland County, Virginia
Property taxes in Highland County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Highland County is 0.48%, which is lower than the U.S. national median of 0.99%. Local government entities within Highland County set these rates annually, and they can vary significantly between different areas within the county. Each year, Highland County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Highland County's effective property tax rate with other counties in Virginia and the national median. For comparison, the city of Blue Grass has one of the higher property tax rates in Virginia at 0.48%, while the same city also boasts one of the lowest at 0.48%. Analyzing how Highland County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Highland County Tax Rate
0.48%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Highland County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blue Grass | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Doe Hill | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Head Waters | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Mc Dowell | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Monterey | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Mustoe | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Warm Springs | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Williamsville | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Highland County, Virginia
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Highland County, VA. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Highland County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Highland County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Mustoe has the highest median tax bill at $2,886, while Doe Hill has the lowest at $631. Being aware of these valuation processes in Highland County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Highland County, Virginia
Source: Ownwell
$131,400
$366,325
$601,250
Average Highland County Assessed Value
$166,600
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Highland County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blue Grass | $44,140 | $87,750 | $143,200 | $278,125 | $523,350 |
| Doe Hill | $41,770 | $78,700 | $131,400 | $277,775 | $401,240 |
| Head Waters | $26,600 | $56,450 | $151,500 | $272,050 | $464,820 |
| Mc Dowell | $51,920 | $101,700 | $179,800 | $347,300 | $592,440 |
| Monterey | $62,820 | $102,100 | $172,800 | $295,950 | $492,720 |
| Mustoe | $381,850 | $464,125 | $601,250 | $738,375 | $820,650 |
| Warm Springs | $66,210 | $92,750 | $159,200 | $276,400 | $373,950 |
| Williamsville | $47,590 | $96,675 | $152,500 | $265,025 | $397,140 |
Source: Ownwell
Property Tax Bills Across Highland County, Virginia
In Highland County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements or renovations made. For homeowners, this means that fluctuations in the real estate market and changes to the property can significantly impact their tax bills. In Highland County, the median home price is $166,600. Property tax bills can vary widely, with the 25th percentile at $456 and the 75th percentile at $1410, reflecting the diverse range of property values in the area. The 90th percentile tax bill reaches up to $2380. Interestingly, Mustoe has the highest median tax bill at $2886, while Doe Hill has the lowest at $631. These variations highlight how property location within the county can affect tax liabilities. Compared to the national median property tax rate of 0.99%, Highland County offers a range of tax burdens based on individual property assessments.
Average Highland County Tax Bill
$799
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Highland County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blue Grass | $212 | $421 | $687 | $1,335 | $2,512 |
| Doe Hill | $200 | $378 | $631 | $1,333 | $1,926 |
| Head Waters | $128 | $271 | $727 | $1,306 | $2,231 |
| Mc Dowell | $249 | $488 | $863 | $1,667 | $2,844 |
| Monterey | $301 | $489 | $829 | $1,421 | $2,370 |
| Mustoe | $1,833 | $2,228 | $2,886 | $3,544 | $3,939 |
| Warm Springs | $318 | $445 | $764 | $1,327 | $1,795 |
| Williamsville | $228 | $464 | $732 | $1,272 | $1,906 |
Source: Ownwell