Willis, Carroll County, Virginia Property Taxes
Median Willis, 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 Willis, VA home value: $83,450
Median annual Willis, VA tax bill: $492, $1,908 lower than the national median property tax bill of $2,400.
How are property taxes in Carroll calculated?
Property taxes in Willis, 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 Willis’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Willis, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Willis, Carroll County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.59%
Estimate Property Tax Bill
$492
$457
Property Tax Rates Across Willis, Carroll County, Virginia
Local government entities in Virginia set property tax rates, and these can vary significantly across the state. Each year, counties estimate their budgets to fund essential services and divide this by the total value of all taxable properties within their jurisdiction, resulting in the property tax rate. While votes and legislation play a role in determining these rates and budgets, this is essentially the annual process.
In Willis, within Carroll County, the effective property tax rate is 0.59%, which aligns with the county's highest and lowest median tax rates, both recorded at 0.59%. This rate is considerably lower than the national median property tax rate of 1.02%. Consequently, property owners in Willis benefit from a more affordable tax burden compared to the national average.
Comparing Willis's property tax rates to other cities in Virginia and the national median provides valuable insights for property owners. Understanding these rates can help property owners make informed decisions about property investments and financial planning.
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 Willis Tax Rate
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 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 Willis, Carroll County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24380 | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Willis, Carroll County, Virginia
When examining property taxes in Willis, 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 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 Willis.
For example, the median home price in Willis is $83,450, with tax bills ranging significantly across the county. Zip code 24380 has the highest median home price at $83,450.
Property Tax Assessment Values Across Willis, Carroll County, Virginia
Source: Ownwell
$51,750
$101,350
$150,950
Median Willis Market Value
$83,450
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 Willis, Carroll County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24380 | $26,070 | $56,475 | $83,450 | $131,925 | $162,810 |
Source: Ownwell
Property Tax Bills Across Willis, Carroll County, Virginia
In Willis, Carroll County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in Willis is $83,450. Homeowners in this area experience a median property tax bill of $492, which is significantly lower than the national median of $2,400. The tax bill can vary, with the 25th percentile at $333 and the 75th percentile reaching $760. Factors influencing the tax bill include the property's assessed value and the local tax rate. For homeowners, these taxes can be a substantial annual expense, impacting overall financial planning.
Ownwell offers valuable assistance in reducing property tax bills by providing expert property tax appeal and exemption services. By analyzing your property's assessment and identifying discrepancies, Ownwell can help ensure you're not overpaying on your property taxes. Engaging with Ownwell's services can lead to significant savings, offering peace of mind and financial relief to homeowners in Willis and beyond.
Median Willis Tax Bill
$492
Median Carroll County Tax Bill
$529
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Willis, Carroll County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24380 | $154 | $333 | $492 | $778 | $961 |
Source: Ownwell