Wise County, Virginia Property Taxes

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

Median Wise County effective property tax rate: 0.69%, significantly lower than the national median of 1.02%.
Median Wise County home value: $75,300
Median annual Wise County tax bill: $501, $1,899 lower than the national median property tax bill of $2,400.

How are property taxes in Wise County calculated?

Property taxes in Wise 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 Norton or another part of Wise County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Wise County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.69%

Estimate Property Tax Bill

$520

$482

Ownwell’s Wise County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wise County with just two data points. By entering your property's estimated assessed value, our calculator applies Wise 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 Wise County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Wise County, Virginia

Local government entities set tax rates, which can vary widely within a state. This variation is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws influence the setting of tax rates and budgets, this is the essence of the annual process. Wise County in Virginia offers an interesting case study. With an effective property tax rate of 0.69%, Wise County stands below the national median property tax rate of 1.02%. This means property owners in Wise County generally pay less compared to the national average. However, Wise County's rate is consistent across its localities, as seen in the city of Appalachia, which also has a median tax rate of 0.69%. This consistency can provide stability and predictability for property owners in the area. Comparing Wise County to the national landscape highlights the diversity in property taxation across the United States.

Property Tax Rates Across Wise County, Virginia

Source: Ownwell

0.69%

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 Wise County Tax Rate

0.69%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Wise County, Virginia

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Appalachia	0.69%	0.69%	0.69%	0.69%	0.69%
Big Stone Gap	0.69%	0.69%	0.69%	0.69%	0.69%
Coeburn	0.69%	0.69%	0.69%	0.69%	0.69%
Norton	0.49%	0.69%	0.69%	0.69%	0.69%
Pound	0.69%	0.69%	0.69%	0.69%	0.69%
Saint Paul	0.65%	0.69%	0.69%	0.69%	0.69%
Stonega	0.69%	0.69%	0.69%	0.69%	0.69%
Wise	0.69%	0.69%	0.69%	0.69%	0.69%
East Stone Gap	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Wise County, Virginia

When examining property taxes in Wise 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 Wise 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:

Assessment notices in Wise County are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Wise County.

For example, the median tax bill in Wise County is $645, with tax bills ranging significantly across the county. Wise has the highest median home price at $95,500.

Property Tax Assessment Values Across Wise County, Virginia

Source: Ownwell

$30,500

$63,000

$95,500

Median Wise County Market Value

$75,300

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Wise County, Virginia

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Appalachia	$17,700	$27,825	$40,600	$60,600	$85,900
Big Stone Gap	$36,700	$54,100	$80,200	$126,900	$188,200
Coeburn	$30,600	$48,100	$72,600	$105,700	$146,800
Norton	$27,970	$42,250	$64,000	$89,525	$121,160
Pound	$31,000	$48,400	$69,000	$101,325	$142,470
Saint Paul	$36,190	$53,725	$77,850	$115,450	$164,440
Stonega	$11,340	$20,900	$30,500	$46,500	$64,140
Wise	$45,520	$65,400	$95,500	$143,550	$206,020
East Stone Gap	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Wise County, Virginia

In Wise County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. The median home price in this county is $75,300, significantly lower than the national average. Homeowners in Wise County experience varying property tax bills, with the 25th percentile paying around $318, while the 75th percentile pays approximately $779. At the 90th percentile, the tax bill can reach up to $1,150, reflecting the impact of higher property values or additional assessments.

The city of Wise has the highest median tax bill in the county at $645, whereas Stonega has the lowest at $207. These variations underscore the influence of location and property value on tax obligations. Compared to the national median property tax rate of 1.02%, Wise County offers relatively affordable property tax bills, making it an attractive area for homeowners seeking lower tax burdens. However, it's essential for homeowners to understand how local assessments and valuations affect their specific tax liabilities.

Property Tax Bills Across Wise County, Virginia

Source: Ownwell

$207

$426

$645

Median Wise County Tax Bill

$501

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Wise County, Virginia

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Appalachia	$97	$178	$274	$415	$580
Big Stone Gap	$212	$348	$526	$853	$1,269
Coeburn	$172	$304	$480	$713	$991
Norton	$166	$270	$421	$587	$833
Pound	$170	$303	$452	$678	$965
Saint Paul	$200	$338	$516	$771	$1,108
Stonega	$77	$138	$207	$299	$399
Wise	$276	$434	$645	$988	$1,414
East Stone Gap	N/A	N/A	N/A	N/A	N/A

Source: Ownwell