Tazewell County Property Taxes
The median property tax rate in Tazewell is 0.58%, 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 Tazewell at $80,000, the typical annual property tax bill is $465, far below the national median of $2,690. Property taxes in Tazewell are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Tazewell's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Tazewell or another part of the county, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tazewell County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$464
$431
Ownwell’s Tazewell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Tazewell with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Tazewell 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 Tazewell County, Virginia
Property taxes in Tazewell County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Tazewell County is 0.58%, which is lower than the U.S. national median of 0.99%. Local government entities within Tazewell County set these rates annually, and they can vary significantly between different areas within the county. Each year, Tazewell 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. The following data compares Tazewell County's effective property tax rate with other counties in Virginia and the national median. For comparison, the city of Amonate has one of the higher property tax rates in Virginia at 0.58%, while the city of Amonate boasts one of the lowest at 0.58%. Analyzing how Tazewell County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Tazewell County Tax Rate
0.58%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tazewell County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amonate | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Bandy | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Bastian | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Bishop | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Bluefield | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Boissevain | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Broadford | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Cedar Bluff | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Doran | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Falls Mills | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Horsepen | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Jewell Ridge | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| North Tazewell | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Pocahontas | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Pounding Mill | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Raven | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Richlands | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Tannersville | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Tazewell | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Tazewell County, Virginia
In Tazewell 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 Tazewell 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 Tazewell 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. In Tazewell County, the highest median tax bill is $675 in Pounding Mill, while the lowest is $110 in Amonate. 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.
Property Tax Assessment Values Across Tazewell County, Virginia
Source: Ownwell
$18,900
$67,600
$116,300
Average Tazewell County Assessed Value
$80,000
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tazewell County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amonate | $13,700 | $15,650 | $18,900 | $20,550 | $21,540 |
| Bandy | $8,000 | $18,150 | $33,950 | $62,250 | $90,720 |
| Bastian | $50,210 | $76,450 | $115,600 | $232,700 | $346,090 |
| Bishop | $7,860 | $17,000 | $24,500 | $36,500 | $47,700 |
| Bluefield | $25,800 | $48,825 | $84,700 | $138,050 | $218,500 |
| Boissevain | $21,720 | $26,900 | $31,600 | $51,450 | $99,480 |
| Broadford | $14,100 | $35,500 | $72,500 | $126,000 | $163,300 |
| Cedar Bluff | $18,320 | $49,200 | $79,400 | $118,900 | $182,040 |
| Doran | $54,680 | $57,200 | $59,300 | $64,525 | $72,670 |
| Falls Mills | $10,200 | $34,450 | $60,900 | $93,250 | $139,900 |
| Horsepen | $39,270 | $52,275 | $73,950 | $95,625 | $108,630 |
| Jewell Ridge | $8,000 | $18,800 | $34,600 | $59,100 | $80,100 |
| North Tazewell | $19,500 | $48,200 | $78,550 | $119,025 | $180,530 |
| Pocahontas | $6,000 | $12,725 | $24,000 | $39,875 | $62,050 |
| Pounding Mill | $48,100 | $83,400 | $116,300 | $151,000 | $203,800 |
| Raven | $10,500 | $25,575 | $55,750 | $82,050 | $110,980 |
| Richlands | $14,840 | $42,525 | $69,900 | $107,775 | $157,190 |
| Tannersville | $24,100 | $61,050 | $94,050 | $157,725 | $257,020 |
| Tazewell | $42,060 | $67,500 | $102,500 | $158,750 | $238,900 |
Source: Ownwell
Property Tax Bills Across Tazewell County, Virginia
In Tazewell County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate to arrive at the annual tax bill. For example, a home with a median price of $80,000 in Tazewell County will have its tax bill calculated based on this assessed value. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. In Tazewell County, the tax bills vary significantly, with the 25th percentile at $268, the 75th percentile at $733, and the 90th percentile reaching $1,108. The highest median tax bill in the county is found in Pounding Mill at $675, while Amonate has the lowest median tax bill at $110. These property taxes impact homeowners by contributing to public services such as schools, infrastructure, and emergency services, ensuring the community's overall well-being. The property tax rate in Tazewell County can be compared to the national median property tax rate of 0.99% to gauge affordability and financial planning for homeowners.
Average Tazewell County Tax Bill
$465
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Tazewell County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amonate | $79 | $91 | $110 | $119 | $125 |
| Bandy | $46 | $105 | $197 | $363 | $527 |
| Bastian | $291 | $443 | $670 | $1,350 | $1,737 |
| Bishop | $46 | $99 | $142 | $212 | $277 |
| Bluefield | $150 | $284 | $491 | $802 | $1,267 |
| Boissevain | $126 | $156 | $183 | $298 | $577 |
| Broadford | $82 | $206 | $420 | $731 | $947 |
| Cedar Bluff | $106 | $286 | $460 | $690 | $1,053 |
| Doran | $317 | $332 | $344 | $374 | $421 |
| Falls Mills | $59 | $200 | $353 | $541 | $811 |
| Horsepen | $228 | $303 | $429 | $555 | $630 |
| Jewell Ridge | $46 | $108 | $201 | $343 | $465 |
| North Tazewell | $113 | $280 | $456 | $692 | $1,048 |
| Pocahontas | $35 | $74 | $139 | $231 | $360 |
| Pounding Mill | $279 | $485 | $675 | $876 | $1,178 |
| Raven | $61 | $149 | $325 | $476 | $644 |
| Richlands | $87 | $247 | $405 | $625 | $911 |
| Tannersville | $135 | $354 | $559 | $923 | $1,492 |
| Tazewell | $244 | $392 | $594 | $921 | $1,384 |
Source: Ownwell