North Tazewell, Tazewell County, Virginia Property Taxes
Median North Tazewell, VA effective property tax rate: 0.58%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median North Tazewell, VA home value: $78,550
Median annual North Tazewell, VA tax bill: $456, $1,944 lower than the national median property tax bill of $2,400.
How are property taxes in Tazewell calculated?
Property taxes in North Tazewell, VA 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 North Tazewell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in North Tazewell, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
North Tazewell, Tazewell County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.58%
Estimate Property Tax Bill
$456
$423
Property Tax Rates Across North Tazewell, Tazewell County, Virginia
Local government entities determine tax rates, and these can vary significantly within a state. Each year, counties calculate their required budget to deliver services and divide that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While the process involves votes and legal frameworks, this is the essence of how tax rates are set annually.
In North Tazewell, located in Tazewell County, the effective property tax rate is 0.58%. This rate is notably below the national median property tax rate of 1.02%. Comparatively, North Tazewell's rate is consistent with the lowest and highest median tax rates within its region, highlighting a uniformity in tax assessment across the area. The median property tax bill here is also significantly lower than the national median of $2400, making North Tazewell an attractive option for property owners seeking affordability. By understanding these rates and how they are determined, property owners can make informed decisions about their investments and potential tax liabilities.
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 North Tazewell Tax Rate
0.58%
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 Tazewell County Tax Rate
0.58%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across North Tazewell, Tazewell County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24630 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across North Tazewell, Tazewell County, Virginia
When examining property taxes in North Tazewell, VA, 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 Tazewell 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 are sent in the spring each year in Tazewell County, typically reaching your mailbox by the middle of the season. 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 North Tazewell.
For example, the median home price in North Tazewell is $78,550, with tax bills ranging significantly across the county. Zip code 24630 has the highest median home price at $78,550.
Property Tax Assessment Values Across North Tazewell, Tazewell County, Virginia
Source: Ownwell
$24,000
$70,150
$116,300
Median North Tazewell Market Value
$78,550
Median Tazewell County Market Value
$80,000
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across North Tazewell, Tazewell County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24630 | $19,500 | $48,200 | $78,550 | $119,025 | $180,530 |
Source: Ownwell
Property Tax Bills Across North Tazewell, Tazewell County, Virginia
In North Tazewell, VA, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in the area is $78,550, which is significantly lower than the national median. Consequently, the property tax bills here are relatively modest, with the 25th percentile at $280 and the 75th percentile at $692. This is well below the national median property tax bill of $2,400, highlighting the affordability in Tazewell County.
Homeowners in North Tazewell benefit from lower property tax rates, but it’s still crucial to ensure their assessment is accurate to avoid overpaying. Ownwell provides expert property tax appeal and exemption services, helping homeowners navigate the complexities of property assessments. By reviewing property valuations and identifying potential savings, Ownwell can help reduce tax bills, ensuring homeowners pay only their fair share. This service is invaluable in a region where even modest savings can significantly impact a homeowner's budget, providing peace of mind and financial relief.
Median North Tazewell Tax Bill
$456
Median Tazewell County Tax Bill
$465
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across North Tazewell, Tazewell County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24630 | $113 | $280 | $456 | $692 | $1,048 |
Source: Ownwell