Roanoke, Botetourt County, Virginia Property Taxes
Median ROANOKE, VA effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median ROANOKE, VA home value: $238,100
Median annual ROANOKE, VA tax bill: $1,838, $562 lower than the national median property tax bill of $2,400.
How are property taxes in Botetourt calculated?
Property taxes in ROANOKE, VA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding ROANOKE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in ROANOKE, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Roanoke, Botetourt County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.79%
Estimate Property Tax Bill
$1,881
$1,746
Property Tax Rates Across Roanoke, Botetourt County, Virginia
Local government entities set tax rates, and these can vary significantly within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.
Roanoke, located in Botetourt County, VA, has an effective property tax rate of 0.79%. This rate is notably lower than the national median property tax rate of 1.02%. In comparison to other cities in Virginia, Roanoke's tax rate is consistent, as it shares the same rate across its zip codes. This can be advantageous for property owners seeking predictability in their tax obligations. Additionally, the median property tax rate in Virginia aligns closely with Roanoke's, suggesting a stable tax environment within the state.
For property owners, understanding these rates is crucial as they directly impact annual tax bills. Roanoke's effective tax rate, being below the national median, offers a relatively lower tax burden, making it an attractive location for potential homeowners.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Roanoke Tax Rate
0.79%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Botetourt County Tax Rate
0.79%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Roanoke, Botetourt County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24012 | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
| 24019 | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Roanoke, Botetourt County, Virginia
When examining property taxes in Roanoke, VA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Botetourt County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Botetourt County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Roanoke.
For example, the median home price in Roanoke is $238,100, with tax bills ranging significantly across the county. Zip code 24012 has the highest median home price at $248,400.
Property Tax Assessment Values Across Roanoke, Botetourt County, Virginia
Source: Ownwell
$83,700
$200,300
$316,900
Median Roanoke Market Value
$238,100
Median Botetourt County Market Value
$201,400
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Roanoke, Botetourt County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24012 | $108,830 | $176,475 | $248,400 | $307,550 | $376,760 |
| 24019 | $125,520 | $180,625 | $233,350 | $313,000 | $387,310 |
Source: Ownwell
Property Tax Bills Across Roanoke, Botetourt County, Virginia
Median Roanoke Tax Bill
$1,838
Median Botetourt County Tax Bill
$1,521
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Roanoke, Botetourt County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24012 | $741 | $1,362 | $1,940 | $2,367 | $2,896 |
| 24019 | $816 | $1,384 | $1,803 | $2,460 | $3,042 |
Source: Ownwell