Wytheville, Wythe County, Virginia Property Taxes
Median WYTHEVILLE, VA effective property tax rate: 0.51%, significantly lower than the national median of 1.02%, but lower than the VA state median of 0.89%.
Median WYTHEVILLE, VA home value: $151,250
Median annual WYTHEVILLE, VA tax bill: $761, $1,639 lower than the national median property tax bill of $2,400.
How are property taxes in Wythe calculated?
Property taxes in WYTHEVILLE, 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 WYTHEVILLE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in WYTHEVILLE, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wytheville, Wythe County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.51%
Estimate Property Tax Bill
$771
$716
Property Tax Rates Across Wytheville, Wythe County, Virginia
Local government entities set tax rates, which can vary widely within a state. Annually, each county 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Wytheville’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
Wytheville, located in Wythe County, Virginia, has a median property tax rate of 0.51%. This rate is significantly lower than the national median property tax rate of 1.02%. In fact, Wytheville's rate is among the lowest in Virginia, making it an attractive location for property owners seeking lower tax liabilities. The consistency in Wytheville's tax rate across its zip code 24382 underscores the uniformity in tax assessments within this area. This favorable tax environment can be a compelling factor for potential homeowners or investors considering property in Wytheville.
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 Wytheville 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 Wythe County Tax Rate
0.51%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Wytheville, Wythe County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24382 | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Wytheville, Wythe County, Virginia
When examining property taxes in Wytheville, 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. Wythe County 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.
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 Wytheville. For example, the median home price in Wytheville is $151,250, with tax bills ranging significantly across the county. Zip code 24382 has the highest median home price at $151,250.
Property Tax Assessment Values Across Wytheville, Wythe County, Virginia
Source: Ownwell
$90,450
$131,250
$172,050
Median Wytheville Market Value
$151,250
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 Wytheville, Wythe County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24382 | $52,900 | $95,800 | $151,250 | $225,200 | $329,760 |
Source: Ownwell
Property Tax Bills Across Wytheville, Wythe County, Virginia
Median Wytheville Tax Bill
$761
Median Wythe County Tax Bill
$699
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Wytheville, Wythe County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24382 | $262 | $482 | $761 | $1,120 | $1,616 |
Source: Ownwell