Allisonia, Carroll County, Virginia Property Taxes

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

Median Allisonia, VA effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Allisonia, VA home value: $71,850
Median annual Allisonia, VA tax bill: $424, $1,976 lower than the national median property tax bill of $2,400.

How are property taxes in Carroll calculated?

Property taxes in Allisonia, 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 Allisonia’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Allisonia, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Allisonia, Carroll County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.59%

Estimate Property Tax Bill

$424

$393

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

Property Tax Rates Across Allisonia, Carroll County, Virginia

Local government entities set tax rates, which can vary widely within a state. 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. In Allisonia, located in Carroll County, VA, the effective property tax rate is 0.59%. This is significantly lower than the national median property tax rate of 1.02%. In fact, Allisonia's tax rate is among the lowest in the state, offering a favorable tax environment for property owners. With the national median property tax bill at $2,400, property owners in Allisonia benefit from lower overall tax bills. This makes Allisonia an attractive location for those looking to minimize their property tax expenses while enjoying the amenities and services provided by the local government.

Property Tax Rates Across Allisonia, Carroll County, Virginia

Source: Ownwell

0.59%

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 Allisonia Tax Rate

0.59%

Median Effective Carroll County Tax Rate

0.59%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Allisonia, Carroll County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24347	0.59%	0.59%	0.59%	0.59%	0.59%

Source: Ownwell

Property Tax Assessment Values Across Allisonia, Carroll County, Virginia

When examining property taxes in Allisonia, 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 Carroll 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. In Carroll County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Allisonia. For example, the median home price in Allisonia is $71,850, with tax bills ranging significantly across the county. 24347 has the highest median home price at $71,850.

Property Tax Assessment Values Across Allisonia, Carroll County, Virginia

Source: Ownwell

$51,750

$101,350

$150,950

Median Allisonia Market Value

$71,850

Median Carroll County Market Value

$89,000

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Allisonia, Carroll County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24347	$24,890	$44,425	$71,850	$111,825	$132,000

Source: Ownwell

Property Tax Bills Across Allisonia, Carroll County, Virginia

In Allisonia, located in Carroll County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Allisonia face a median property tax bill of $424, which is significantly lower than the national median of $2,400. Factors influencing the tax bill include property size, location, and market conditions. For homeowners in the 25th percentile, the tax bill is around $262, while those in the 75th percentile pay approximately $660. The 90th percentile sees tax bills as high as $779. These costs can impact homeowners' budgets and financial planning. Ownwell offers services that help homeowners potentially reduce their property tax bills by appealing assessments and seeking exemptions. By leveraging expertise and local knowledge, Ownwell can assist in ensuring that homeowners pay only their fair share, providing financial relief and peace of mind.

Property Tax Bills Across Allisonia, Carroll County, Virginia

Source: Ownwell

$304

$598

$891

Median Allisonia Tax Bill

$424

Median Carroll County Tax Bill

$529

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Allisonia, Carroll County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24347	$147	$262	$424	$660	$779

Source: Ownwell