Wythe County, Virginia Property Taxes
Median Wythe County effective property tax rate: 0.51%, significantly lower than the national median of 1.02%.
Median Wythe County home value: $139,300
Median annual Wythe County tax bill: $699, $1,701 lower than the national median property tax bill of $2,400.
How are property taxes in Wythe County calculated?
Property taxes in Wythe 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 Wytheville or another part of Wythe County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wythe County, Virginia Property Tax Bill Calculator
$100,000
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Median Effective Tax Rate
0.51%
Estimate Property Tax Bill
$710
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Property Tax Rates Across Wythe County, Virginia
Local government entities in Virginia set tax rates, leading to significant variation across the state. Each year, counties determine their budgetary needs to maintain essential services and divide this by the total assessed value of taxable properties within their borders. This process establishes the property tax rate. While the setting of tax rates and budgets involves votes and legislation, this is the basic annual procedure.
In Wythe County, the effective property tax rate stands at 0.51%, which is notably lower than the U.S. median property tax rate of 1.02%. This means property owners in Wythe County typically pay less compared to the national average. For instance, in Austinville, the property tax rate is consistent with the county's overall rate, reflecting a uniform approach to taxation within this region. When compared to the national median property tax bill of $2400, Wythe County residents benefit from relatively lower property tax obligations. This lower tax rate can make Wythe County an attractive option for property owners seeking reduced tax liabilities while still enjoying necessary public services.
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 Wythe County Tax Rate
0.51%
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 Wythe County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Austinville | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| Barren Springs | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| Cripple Creek | 0.47% | 0.51% | 0.51% | 0.51% | 0.51% |
| Crockett | 0.29% | 0.51% | 0.51% | 0.51% | 0.51% |
| Draper | 0.50% | 0.51% | 0.51% | 0.51% | 0.51% |
| Hillsville | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| Ivanhoe | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| Max Meadows | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| Rural Retreat | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| Speedwell | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| Wytheville | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Wythe County, Virginia
When examining property taxes in Wythe 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 Wythe 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 Wythe 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 Wythe County. For example, the median tax bill in Wythe County is $869, with tax bills ranging significantly across the county. Draper has the highest median home price at $172,050.
Median Wythe County Market Value
$139,300
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Wythe County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Austinville | $37,450 | $56,300 | $93,150 | $144,875 | $198,200 |
| Barren Springs | $23,460 | $58,250 | $111,500 | $146,750 | $208,220 |
| Cripple Creek | $23,660 | $52,200 | $90,450 | $183,700 | $298,790 |
| Crockett | $47,880 | $82,100 | $142,000 | $227,850 | $359,080 |
| Draper | $48,060 | $99,750 | $172,050 | $258,100 | $401,070 |
| Hillsville | $29,160 | $90,600 | $122,200 | $196,500 | $255,980 |
| Ivanhoe | $23,790 | $59,125 | $97,450 | $153,025 | $260,400 |
| Max Meadows | $35,260 | $88,950 | $139,000 | $208,150 | $288,200 |
| Rural Retreat | $34,940 | $93,700 | $141,000 | $210,200 | $314,420 |
| Speedwell | $25,300 | $58,000 | $106,500 | $170,900 | $253,900 |
| Wytheville | $52,900 | $95,800 | $151,250 | $225,200 | $329,760 |
Source: Ownwell
Property Tax Bills Across Wythe County, Virginia
Median Wythe County Tax Bill
$699
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Wythe County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Austinville | $191 | $287 | $475 | $724 | $996 |
| Barren Springs | $120 | $294 | $568 | $748 | $1,058 |
| Cripple Creek | $121 | $266 | $461 | $848 | $1,166 |
| Crockett | $233 | $379 | $677 | $1,025 | $1,371 |
| Draper | $245 | $509 | $869 | $1,278 | $1,813 |
| Hillsville | $149 | $459 | $623 | $990 | $1,305 |
| Ivanhoe | $119 | $297 | $497 | $767 | $1,202 |
| Max Meadows | $165 | $447 | $699 | $1,027 | $1,392 |
| Rural Retreat | $160 | $468 | $706 | $1,031 | $1,423 |
| Speedwell | $116 | $289 | $532 | $831 | $1,263 |
| Wytheville | $262 | $482 | $761 | $1,120 | $1,616 |
Source: Ownwell