Scott County, Virginia Property Taxes
The median property tax rate in Scott County is 0.77%, which is lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $95,050 in Scott County, the typical annual property tax bill is $739, significantly below the national median of $2,690. Property taxes in Scott County are calculated based on the assessed value, which is often lower than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Scott 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 Gate City or another part of Scott County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Scott County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$732
$679
Ownwell’s Scott County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Scott County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Scott 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's 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 Scott County, Virginia
Property taxes in Scott County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Scott County is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Scott County set these rates annually, and they can vary significantly between different areas within the county. Each year, Scott 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 Blackwater has one of the higher property tax rates in the region at 0.77%, while it also boasts one of the lowest at 0.77%. Analyzing how Scott County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Scott County Tax Rate
0.77%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scott County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blackwater | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
| Bristol | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
| Coeburn | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
| Duffield | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
| Dungannon | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
| Fort Blackmore | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
| Gate City | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
| Hiltons | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
| Nickelsville | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
| Weber City | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Scott County, Virginia
In Scott 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 Scott 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 Scott 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, the highest median tax bill in Scott County is in Hiltons at $893, while the lowest is in Coeburn at $405. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Scott County Assessed Value
$95,050
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Scott County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blackwater | $31,960 | $55,400 | $87,100 | $136,900 | $212,300 |
| Bristol | $34,780 | $70,300 | $114,600 | $160,200 | $222,600 |
| Coeburn | $16,390 | $25,600 | $51,250 | $83,875 | $112,020 |
| Duffield | $24,400 | $48,700 | $84,000 | $134,175 | $189,030 |
| Dungannon | $14,790 | $35,475 | $67,400 | $105,950 | $173,560 |
| Fort Blackmore | $18,290 | $43,275 | $80,900 | $128,000 | $192,250 |
| Gate City | $35,500 | $64,000 | $99,000 | $153,675 | $215,450 |
| Hiltons | $39,930 | $76,275 | $115,250 | $176,000 | $235,440 |
| Nickelsville | $31,080 | $64,250 | $104,000 | $157,050 | $228,920 |
| Weber City | $53,210 | $76,000 | $109,450 | $151,650 | $188,500 |
Source: Ownwell
Property Tax Bills Across Scott County, Virginia
In Scott County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For instance, homes in Hiltons have the highest median tax bill at $893, while those in Coeburn face a lower median tax bill of $405. Homeowners in Scott County can expect tax bills to vary significantly. The tax bill at the 25th percentile is $459, while at the 75th percentile, it rises to $1142, and at the 90th percentile, it reaches $1636. These variations affect homeowners differently based on their property's assessed value and the local tax rate. Comparatively, the national median property tax rate is 0.99%, and understanding these local nuances helps homeowners anticipate their financial obligations more accurately.
Average Scott County Tax Bill
$739
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Scott County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blackwater | $242 | $444 | $714 | $1,122 | $1,665 |
| Bristol | $267 | $546 | $885 | $1,265 | $1,718 |
| Coeburn | $136 | $202 | $405 | $657 | $863 |
| Duffield | $188 | $380 | $650 | $1,043 | $1,469 |
| Dungannon | $114 | $293 | $531 | $831 | $1,343 |
| Fort Blackmore | $141 | $336 | $620 | $982 | $1,495 |
| Gate City | $280 | $499 | $768 | $1,192 | $1,670 |
| Hiltons | $311 | $591 | $893 | $1,362 | $1,841 |
| Nickelsville | $238 | $495 | $805 | $1,217 | $1,774 |
| Weber City | $418 | $589 | $853 | $1,176 | $1,451 |
Source: Ownwell