Lynchburg County, Virginia Property Taxes

Name: Property Tax Bills Across Lynchburg County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lynchburg County effective property tax rate: 0.89%, significantly lower than the national median of 1.02%.
Median Lynchburg County home value: $178,500
Median annual Lynchburg County tax bill: $1,584, $816 lower than the national median property tax bill of $2,400.

How are property taxes in Lynchburg County calculated?

Property taxes in Lynchburg County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Lynchburg City or another part of Lynchburg County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lynchburg County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.89%

Estimate Property Tax Bill

$1,589

$1,474

Ownwell’s Lynchburg County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lynchburg County with just two data points. By entering your property's estimated assessed value, our calculator applies Lynchburg County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lynchburg County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lynchburg County, Virginia

Local government entities determine tax rates, which can differ greatly within a state. The reason for this variation is that each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Lynchburg County's effective property tax rate to other counties in Virginia or the U.S. median property tax rate.

Property Tax Rates Across Lynchburg County, Virginia

Source: Ownwell

0.89%

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 Lynchburg County Tax Rate

0.89%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lynchburg County, Virginia

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Forest	0.89%	0.89%	0.89%	0.89%	0.89%
Lynchburg	0.89%	0.89%	0.89%	0.89%	0.89%

Source: Ownwell

Property Tax Assessment Values Across Lynchburg County, Virginia

When examining property taxes in Lynchburg County, 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 Lynchburg 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. Assessment notices: In Lynchburg County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Lynchburg County. For example, the median tax bill in Lynchburg County is $1,840, with tax bills ranging significantly across the county. Forest has the highest median home price at $206,700.

Property Tax Assessment Values Across Lynchburg County, Virginia

Source: Ownwell

$77,650

$175,525

$273,400

Median Lynchburg County Market Value

$178,500

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lynchburg County, Virginia

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Forest	$185,870	$195,050	$206,700	$239,175	$264,180
Lynchburg	$64,300	$111,500	$178,300	$242,200	$337,080

Source: Ownwell

Property Tax Bills Across Lynchburg County, Virginia

In Lynchburg, Virginia, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the local assessor's office. Homeowners in Lynchburg can expect property tax bills that vary depending on the assessed value of their homes. For instance, the tax bill for the 25th percentile is $986, while for the 75th percentile, it rises to $2,151. At the 90th percentile, the tax bill reaches $2,992. These figures indicate a range of tax burdens across different property values. The highest median tax bill in the area is $1,840 in Forest, while Lynchburg itself has a lower median tax bill of $1,582. Compared to the national median property tax bill of $2,400, Lynchburg's figures suggest a relatively moderate tax burden for homeowners. Understanding these factors is crucial for homeowners to anticipate their financial responsibilities and plan accordingly.

Property Tax Bills Across Lynchburg County, Virginia

Source: Ownwell

$668

$1,549

$2,429

Median Lynchburg County Tax Bill

$1,584

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Lynchburg County, Virginia

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Forest	$1,654	$1,736	$1,840	$2,129	$2,351
Lynchburg	$560	$984	$1,582	$2,151	$2,995

Source: Ownwell