Warm Springs, Highland County, Virginia Property Taxes

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

Median Warm Springs, VA effective property tax rate: 0.48%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Warm Springs, VA home value: $159,200
Median annual Warm Springs, VA tax bill: $764, $1,636 lower than the national median property tax bill of $2,400.

How are property taxes in Highland calculated?

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

Last Updated March 1, 2025

Warm Springs, Highland County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.44%

Estimate Property Tax Bill

$874

$811

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

Property Tax Rates Across Warm Springs, Highland County, Virginia

Local government entities are responsible for setting property tax rates, which can vary significantly within Virginia. Each county in Virginia, including Highland County where Warm Springs is located, estimates its required budget annually to provide essential services. This budget is then divided by the total value of all taxable property within the county, resulting in the property tax rate. While setting these rates involves votes and regulations, this is the core of the annual process.

Warm Springs, in Highland County, has an effective property tax rate that aligns with the highest and lowest rates in the county, making it consistent across the board. When compared to the national median property tax rate of 1.02%, Warm Springs' rate is notably lower, offering residents a more favorable tax environment. This lower rate can be an attractive factor for property owners, providing potential savings on annual tax bills compared to the national median property tax bill of $2,400. Understanding these rates can be crucial for property owners looking to optimize their tax obligations and make informed decisions about their investments.

Property Tax Rates Across Warm Springs, Highland County, Virginia

Source: Ownwell

0.44%

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 Warm Springs Tax Rate

0.44%

Median Effective Highland County Tax Rate

0.44%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Warm Springs, Highland County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24484	0.44%	0.44%	0.44%	0.44%	0.44%

Source: Ownwell

Property Tax Assessment Values Across Warm Springs, Highland County, Virginia

When examining property taxes in Warm Springs, 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 Highland 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 Highland 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 Warm Springs. For example, the median home price in Warm Springs is $159,200, with tax bills ranging significantly across the county. Zip code 24484 has the highest median home price at $159,200.

Property Tax Assessment Values Across Warm Springs, Highland County, Virginia

Source: Ownwell

$170,100

$201,275

$232,450

Median Warm Springs Market Value

$198,600

Median Highland County Market Value

$214,000

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Warm Springs, Highland County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24484	$80,250	$141,300	$198,600	$372,250	$493,050

Source: Ownwell

Property Tax Bills Across Warm Springs, Highland County, Virginia

In Warm Springs, located in Highland County, VA, property tax bills are calculated based on the assessed value of a home. The median home price in the area is $159,200, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. Homeowners in Warm Springs typically see tax bills ranging from $445 at the 25th percentile to $1,795 at the 90th percentile, with a median bill of $764. This is significantly lower than the national median property tax bill of $2,400, providing some relief to homeowners. However, ensuring that your property is accurately assessed can prevent overpayment. Ownwell assists homeowners by offering property tax appeal and exemption services, potentially lowering tax bills. By reviewing assessments and identifying discrepancies, Ownwell helps ensure homeowners pay only what is fair, maximizing savings and reducing financial burdens.

Property Tax Bills Across Warm Springs, Highland County, Virginia

Source: Ownwell

$748

$886

$1,023

Median Warm Springs Tax Bill

$874

Median Highland County Tax Bill

$943

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Warm Springs, Highland County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24484	$353	$622	$874	$1,638	$2,169

Source: Ownwell