Lee County, Virginia Property Taxes
The median property tax rate in Lee County is 0.62%, 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 Lee County, the typical annual property tax bill is $316, far below the national median of $2,690. Property taxes in Lee 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 Lee 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 Jonesville or another part of Lee County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lee County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$314
$291
Ownwell’s Lee County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Lee County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lee 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 Lee County, Virginia
Property taxes in Lee County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lee County is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Lee County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lee 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. For comparison, the city of Saint Charles has one of the higher property tax rates in Virginia at 0.62%, while the city of Ben Hur boasts one of the lowest at 0.62%. Analyzing how Lee County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lee County Tax Rate
0.62%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lee County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ben Hur | N/A | N/A | N/A | N/A | N/A |
| Big Stone Gap | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Blackwater | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Dryden | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Duffield | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Ewing | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Jonesville | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Keokee | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Pennington Gap | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Rose Hill | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Saint Charles | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Lee County, Virginia
In Lee 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 Lee 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 Lee 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. Being aware of these valuation processes in Lee County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Lee County, Ben Hur has the highest median tax bill at $393, while Keokee has the lowest at $182.
Average Lee County Assessed Value
$50,600
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lee County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ben Hur | N/A | N/A | N/A | N/A | N/A |
| Big Stone Gap | $10,940 | $31,000 | $56,250 | $87,925 | $123,950 |
| Blackwater | $9,300 | $16,100 | $39,000 | $58,700 | $79,900 |
| Dryden | $13,600 | $36,900 | $58,750 | $84,875 | $119,710 |
| Duffield | $10,510 | $21,925 | $53,350 | $76,700 | $114,770 |
| Ewing | $14,160 | $33,300 | $60,400 | $90,600 | $130,640 |
| Jonesville | $13,750 | $32,300 | $58,100 | $88,275 | $129,450 |
| Keokee | $6,440 | $14,700 | $29,350 | $44,275 | $61,060 |
| Pennington Gap | $11,160 | $25,000 | $45,200 | $77,200 | $111,880 |
| Rose Hill | $12,100 | $26,400 | $50,800 | $78,900 | $115,000 |
| Saint Charles | $4,300 | $8,700 | $16,000 | $23,600 | $38,900 |
Source: Ownwell
Property Tax Bills Across Lee County, Virginia
In Lee County, VA, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the home's location, size, and market conditions play a significant role in the assessment process. For instance, the median home price in Lee County is $50,600, and tax bills can vary widely. Homeowners at the 25th percentile pay around $157, while those at the 75th percentile face bills of approximately $503. The highest median tax bill in the county is $393 in Ben Hur, whereas Keokee has the lowest median tax bill at $182. Compared to the national median property tax rate of 0.99%, Lee County's rates offer a relatively affordable option for homeowners. Understanding these factors helps homeowners anticipate their financial obligations and manage their budgets more effectively.
Average Lee County Tax Bill
$316
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Lee County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ben Hur | N/A | N/A | N/A | N/A | N/A |
| Big Stone Gap | $68 | $192 | $348 | $544 | $767 |
| Blackwater | $58 | $100 | $241 | $363 | $494 |
| Dryden | $84 | $232 | $365 | $528 | $747 |
| Duffield | $66 | $139 | $330 | $475 | $710 |
| Ewing | $89 | $214 | $376 | $565 | $814 |
| Jonesville | $86 | $200 | $361 | $548 | $810 |
| Keokee | $40 | $91 | $182 | $278 | $384 |
| Pennington Gap | $71 | $157 | $283 | $486 | $709 |
| Rose Hill | $77 | $166 | $316 | $490 | $714 |
| Saint Charles | $27 | $54 | $99 | $146 | $241 |
Source: Ownwell