Williamsville, Highland County, Virginia Property Taxes

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

Median Williamsville, 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 Williamsville, VA home value: $152,500
Median annual Williamsville, VA tax bill: $732, $1,668 lower than the national median property tax bill of $2,400.

How are property taxes in Highland County calculated?

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

Last Updated March 1, 2025

Williamsville, 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

$855

$794

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

Property Tax Rates Across Williamsville, Highland County, Virginia

Local government entities set tax rates, leading to significant variations within a state. Annually, each county estimates its required budget to provide essential 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.

Williamsville in Highland County, Virginia, presents an interesting case. The effective property tax rate here is notably lower than both the Virginia state median and the national median. Virginia's median property tax rate is below the national median of 1.02%, making it one of the more affordable states for property taxes. This is reflected in Williamsville's rate, which is consistent with the county's approach to maintaining a lower tax burden on its residents.

Comparing Williamsville’s effective property tax rate to other cities in Virginia and the U.S. highlights the benefits of living in this area. Residents can enjoy the advantages of lower property taxes, which can contribute to overall affordability and financial well-being.

Property Tax Rates Across Williamsville, 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 Williamsville 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 Williamsville, Highland County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24487	0.44%	0.44%	0.44%	0.44%	0.44%

Source: Ownwell

Property Tax Assessment Values Across Williamsville, Highland County, Virginia

When examining property taxes in Williamsville, 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 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 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 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 Williamsville.

For example, the median home price in Williamsville is $152,500, with tax bills ranging significantly across the county. Zip code 24487 has the highest median home price at $152,500.

Property Tax Assessment Values Across Williamsville, Highland County, Virginia

Source: Ownwell

$170,100

$201,275

$232,450

Median Williamsville Market Value

$194,400

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 Williamsville, Highland County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24487	$48,920	$111,600	$194,400	$310,200	$460,680

Source: Ownwell

Property Tax Bills Across Williamsville, Highland County, Virginia

In Williamsville, located in Highland County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Williamsville, the median home price is $152,500, resulting in tax bills that can range significantly. The 25th percentile tax bill is $464, while the 75th percentile reaches $1,272, and the 90th percentile is $1,906. These figures indicate that property taxes in Williamsville can vary widely, impacting homeowners differently based on their property's assessed value. Compared to the national median property tax bill of $2,400, Williamsville's rates are relatively modest. However, even these amounts can be a burden for some homeowners. This is where Ownwell can assist by providing property tax appeal and exemption services. By reviewing assessments and identifying potential savings, Ownwell helps homeowners reduce their tax burden, ensuring they pay only their fair share.

Property Tax Bills Across Williamsville, Highland County, Virginia

Source: Ownwell

$748

$886

$1,023

Median Williamsville Tax Bill

$855

Median Highland County Tax Bill

$943

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Williamsville, Highland County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24487	$215	$491	$855	$1,365	$2,027

Source: Ownwell