Russell County, Virginia Property Taxes
Median Russell County effective property tax rate: 0.63%, significantly lower than the national median of 1.02%.
Median Russell County home value: $78,900
Median annual Russell County tax bill: $497, $1,903 lower than the national median property tax bill of $2,400.
How are property taxes in Russell County calculated?
Property taxes in Russell 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 Lebanon or another part of Russell County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Russell County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.63%
Estimate Property Tax Bill
$497
$461
Property Tax Rates Across Russell County, Virginia
Local government entities in Virginia set tax rates, which can vary significantly across the state. Each year, counties like Russell County determine their required budget to fund essential services and divide this by the total value of all taxable properties within their jurisdiction. This calculation results in the property tax rate. While votes and legislative measures play a role in establishing these rates and budgets, this is the fundamental annual process.
In Russell County, the effective property tax rate is 0.63%, which is notably lower than the national median property tax rate of 1.02%. This means that homeowners in Russell County often pay less in property taxes compared to the national average. For instance, in Castlewood, the median tax rate is also 0.63%, which aligns with the county's overall rate. This lower tax rate can make Russell County an attractive place for homeowners looking for affordable property taxes compared to other regions in the U.S.
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 Russell County Tax Rate
0.63%
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 Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Russell County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Castlewood | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
| Cedar Bluff | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
| Cleveland | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
| Dante | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
| Honaker | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
| Lebanon | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
| Nickelsville | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
| Raven | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
| Rosedale | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
| Rowe | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
| Saint Paul | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
| Swords Creek | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
| Dungannon | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Russell County, Virginia
When examining property taxes in Russell 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 Russell 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 Russell 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 Russell County.
For example, the median tax bill in Russell County is $863, with tax bills ranging significantly across the county. Rosedale has the highest median home price at $137,000.
Median Russell County Market Value
$78,900
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Russell County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Castlewood | $26,000 | $45,700 | $74,600 | $107,750 | $147,520 |
| Cedar Bluff | $43,280 | $63,900 | $100,200 | $149,600 | $210,520 |
| Cleveland | $16,830 | $35,250 | $64,200 | $98,075 | $141,700 |
| Dante | $8,230 | $14,000 | $20,600 | $27,975 | $40,130 |
| Honaker | $25,740 | $42,200 | $67,900 | $102,700 | $141,360 |
| Lebanon | $40,700 | $65,550 | $102,800 | $144,950 | $204,020 |
| Nickelsville | $46,110 | $64,300 | $95,850 | $126,725 | $229,060 |
| Raven | $23,000 | $32,150 | $43,400 | $64,350 | $90,400 |
| Rosedale | $72,120 | $101,200 | $137,000 | $171,950 | $224,680 |
| Rowe | $8,950 | $16,350 | $29,800 | $57,725 | $78,710 |
| Saint Paul | $15,890 | $33,600 | $68,250 | $119,450 | $153,110 |
| Swords Creek | $18,640 | $33,600 | $52,800 | $84,050 | $123,740 |
| Dungannon | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Russell County, Virginia
Median Russell County Tax Bill
$497
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Russell County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Castlewood | $164 | $288 | $470 | $679 | $929 |
| Cedar Bluff | $273 | $403 | $631 | $942 | $1,326 |
| Cleveland | $106 | $222 | $404 | $618 | $893 |
| Dante | $52 | $88 | $130 | $176 | $253 |
| Honaker | $162 | $266 | $428 | $647 | $891 |
| Lebanon | $256 | $413 | $648 | $913 | $1,285 |
| Nickelsville | $290 | $405 | $604 | $798 | $1,443 |
| Raven | $145 | $203 | $273 | $405 | $570 |
| Rosedale | $454 | $638 | $863 | $1,083 | $1,415 |
| Rowe | $56 | $103 | $188 | $364 | $496 |
| Saint Paul | $100 | $212 | $430 | $753 | $965 |
| Swords Creek | $117 | $212 | $333 | $530 | $780 |
| Dungannon | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell