Big Stone Gap, Lee County, Virginia Property Taxes
Property Taxes in Big Stone Gap, Virginia
Median Big Stone Gap, Virginia effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Big Stone Gap, Virginia home value: $57,100
Median annual Big Stone Gap, Virginia tax bill: $423, lower than the national median property tax bill of $2,400.
How are property taxes in Lee calculated?
Property taxes in Big Stone Gap, Virginia 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 Big Stone Gap's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Big Stone Gap, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Big Stone Gap, Lee County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.74%
Estimate Property Tax Bill
$423
$392
How Does the Big Stone Gap Property Tax Calculator Work?
Use this Big Stone Gap property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Big Stone Gap's median effective tax rate of 0.74% — based on actual property records in Lee County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Big Stone Gap's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Big Stone Gap: rates range from 0.74% in 24219 to 0.74% in 24219, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Big Stone Gap.
About Big Stone Gap Property Taxes
About Property Taxes in Big Stone Gap, Lee, Virginia
Big Stone Gap’s median effective property tax rate of 0.74% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Lee County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Big Stone Gap. Homeowners in the 24219 ZIP code carry a median effective rate of 0.74%, while those in the same ZIP also pay 0.74%. This spread of 0.00 percentage points reflects how school district boundaries and local assessment districts are drawn across Lee County. Understanding where you live in Big Stone Gap can make a meaningful difference to your annual tax bill.
Big Stone Gap homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 30, 2025 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Big Stone Gap, Lee County, Virginia
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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 Big Stone Gap's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
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 Big Stone Gap Tax Rate
0.74%
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 Lee County Tax Rate
0.74%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Big Stone Gap, Lee County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24219 | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Big Stone Gap, Lee County, Virginia
When examining property taxes in Big Stone Gap, Virginia, 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 Lee County assessment office 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 are sent in the spring each year and 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.
For example, the median home price in Big Stone Gap is $57,100, with tax bills ranging from $231 at the 25th percentile to $909 at the 90th percentile. The median tax bill is $423, well below the national median property tax bill of $2,400.
Property Tax Assessment Values Across Big Stone Gap, Lee County, Virginia
Source: Ownwell
$16,000
$38,425
$60,850
Median Big Stone Gap Market Value
$57,100
Median Lee County Market Value
$50,900
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Big Stone Gap, Lee County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24219 | $10,960 | $31,200 | $57,100 | $88,000 | $122,840 |
Source: Ownwell
Property Tax Bills Across Big Stone Gap, Lee County, Virginia
Property tax bills in Big Stone Gap are based on the assessed value of a home, not its market price alone. Local taxing authorities apply the property tax rate to that assessed value to determine the annual bill, so homes with higher assessed values generally pay more. Factors such as the home’s location, size, condition, and any exemptions can affect the final amount.
For homeowners, this means a property tax bill can change when a home is reassessed or when local tax rates are adjusted. In Big Stone Gap, the median home price is $57,100, and the median property tax bill is $423, which is well below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills in the area can vary, with the 25th percentile at $231 and the 75th percentile at $651. That range shows how property tax costs can differ even within the same city.
Median Big Stone Gap Tax Bill
$423
Median Lee County Tax Bill
$380
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Big Stone Gap, Lee County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24219 | $81 | $231 | $423 | $651 | $909 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 30 |
Links | |
|---|---|
| Lee Tax Assessor | |
| Website | corpac.leecova.org |