Giles County, Virginia Property Taxes
The median property tax rate in Giles County is 0.68%, 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 Giles County being $99,900, the typical annual property tax bill is $654, far below the national median of $2,690. Property taxes in Giles County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Giles 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 Pearisburg or another part of Giles County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Giles County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$679
$630
Ownwell’s Giles County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Giles County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Giles County 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 Giles County, Virginia
Property taxes in Giles play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Giles is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Giles set these rates annually, and they can vary significantly between different areas within the county. Each year, Giles 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 Giles' effective property tax rate with other counties and the national median. For comparison, the city of Eggleston has one of the higher property tax rates in the region at 0.68%, while the city of Bland boasts one of the lowest at 0.56%. Analyzing how Giles' tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Giles County Tax Rate
0.68%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Giles County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bland | 0.35% | 0.38% | 0.56% | 0.68% | 0.68% |
| Eggleston | 0.44% | 0.68% | 0.68% | 0.68% | 0.68% |
| Glen Lyn | 0.67% | 0.68% | 0.68% | 0.68% | 0.68% |
| Goldbond | 0.66% | 0.68% | 0.68% | 0.68% | 0.68% |
| Narrows | 0.66% | 0.68% | 0.68% | 0.68% | 0.68% |
| Newport | 0.44% | 0.68% | 0.68% | 0.68% | 0.68% |
| Pearisburg | 0.62% | 0.68% | 0.68% | 0.68% | 0.68% |
| Pembroke | 0.64% | 0.68% | 0.68% | 0.68% | 0.68% |
| Rich Creek | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
| Ripplemead | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
| Staffordsville | 0.56% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Giles County, Virginia
In Giles County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 Giles 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 Giles 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, Newport has the highest median tax bill at $1,027, while Goldbond has the lowest at $396. Being aware of these valuation processes in Giles County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Giles County Assessed Value
$99,900
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Giles County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bland | $43,340 | $64,050 | $114,100 | $135,650 | $167,120 |
| Eggleston | $36,340 | $70,625 | $110,650 | $169,350 | $286,840 |
| Glen Lyn | $25,500 | $43,300 | $75,100 | $115,500 | $142,600 |
| Goldbond | $20,430 | $35,925 | $60,850 | $90,625 | $116,630 |
| Narrows | $35,250 | $56,600 | $80,900 | $116,825 | $168,050 |
| Newport | $65,940 | $108,950 | $165,800 | $256,400 | $391,400 |
| Pearisburg | $46,240 | $71,500 | $109,900 | $161,850 | $239,420 |
| Pembroke | $47,690 | $74,700 | $108,100 | $168,250 | $264,720 |
| Rich Creek | $42,220 | $59,050 | $80,700 | $115,250 | $169,080 |
| Ripplemead | $35,020 | $61,800 | $95,900 | $127,950 | $190,650 |
| Staffordsville | $29,140 | $61,400 | $90,100 | $127,850 | $211,560 |
Source: Ownwell
Property Tax Bills Across Giles County, Virginia
In Giles County, VA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and reflects the property's market value. The tax rate is then applied to this assessed value to calculate the annual property tax bill. Several factors influence the tax bill, including the home's location, size, and condition. Homeowners in Giles County face varying tax bills, with the 25th percentile at $435 and the 75th percentile at $991, indicating a broad range of property values and tax obligations. For those at the higher end, the 90th percentile tax bill reaches $1,454. Comparatively, the national median property tax rate is 0.99%, highlighting how Giles County's tax rates can significantly impact homeowners. For instance, in Newport, the highest median tax bill is $1,027, whereas in Goldbond, it is significantly lower at $396. These variations demonstrate how local assessments and tax rates directly affect the financial responsibilities of homeowners in different parts of the county.
Average Giles County Tax Bill
$654
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Giles County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bland | $295 | $421 | $481 | $575 | $772 |
| Eggleston | $240 | $439 | $642 | $1,090 | $1,577 |
| Glen Lyn | $172 | $274 | $509 | $783 | $982 |
| Goldbond | $129 | $242 | $396 | $603 | $785 |
| Narrows | $219 | $363 | $541 | $768 | $1,094 |
| Newport | $375 | $674 | $1,027 | $1,529 | $2,348 |
| Pearisburg | $270 | $465 | $709 | $1,044 | $1,464 |
| Pembroke | $269 | $492 | $711 | $1,081 | $1,641 |
| Rich Creek | $260 | $390 | $543 | $776 | $1,103 |
| Ripplemead | $241 | $403 | $632 | $864 | $1,284 |
| Staffordsville | $190 | $404 | $602 | $815 | $1,119 |
Source: Ownwell