Lynchburg, Lynchburg County, Virginia Property Taxes
Property Taxes in Lynchburg, Virginia
Median Lynchburg, Virginia effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Lynchburg, Virginia home value: $181,000
Median annual Lynchburg, Virginia tax bill: $1,608, lower than the national median property tax bill of $2,400.
How are property taxes in Lynchburg calculated?
Property taxes in Lynchburg, 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 Lynchburg's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lynchburg, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Lynchburg, Lynchburg County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.89%
Estimate Property Tax Bill
$1,611
$1,495
How Does the Lynchburg Property Tax Calculator Work?
Use this Lynchburg property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lynchburg's median effective tax rate of 0.89% — based on actual property records in Lynchburg County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lynchburg'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 Lynchburg: rates range from the lowest median tax bill of $722.00 in 24504 to the highest median tax bill of $2449.00 in 24503, 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 Lynchburg.
About Lynchburg Property Taxes
About Property Taxes in Lynchburg, Lynchburg, Virginia
Lynchburg’s median effective property tax rate of 0.89% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Lynchburg 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 Lynchburg. Homeowners in ZIP code 24501 carry a median effective rate of 0.89%, while those in 24501 pay 0.89%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Lynchburg County. Understanding which part of Lynchburg you live in can make a meaningful difference to your annual tax bill.
Lynchburg homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 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 Lynchburg, Lynchburg 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 Lynchburg'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 Lynchburg Tax Rate
0.89%
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 Lynchburg County Tax Rate
0.89%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lynchburg, Lynchburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24501 | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
| 24502 | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
| 24503 | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
| 24504 | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Lynchburg, Lynchburg County, Virginia
When examining property taxes in Lynchburg, 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 Lynchburg 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 Lynchburg County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of February.
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 Lynchburg.
For example, the median home price in Lynchburg is $181,000, with tax bills ranging significantly across the county. 24503 has the highest median home price at $275,250.
Property Tax Assessment Values Across Lynchburg, Lynchburg County, Virginia
Source: Ownwell
$81,100
$178,175
$275,250
Median Lynchburg Market Value
$181,000
Median Lynchburg County Market Value
$181,200
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lynchburg, Lynchburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24501 | $53,740 | $76,550 | $115,600 | $168,750 | $214,120 |
| 24502 | $125,600 | $158,125 | $197,850 | $240,175 | $286,470 |
| 24503 | $119,500 | $202,800 | $275,250 | $390,200 | $551,570 |
| 24504 | $33,800 | $50,100 | $81,100 | $138,400 | $214,100 |
Source: Ownwell
Property Tax Bills Across Lynchburg, Lynchburg County, Virginia
Property tax bills in Lynchburg are based on the assessed value of a home and the local tax rate set by the city and county. When a property’s market value changes, the assessed value can change too, which affects the final bill. For homeowners, that means the amount owed is tied not just to the home itself, but also to how local officials value it and apply the tax rate.
With a median home price of $181,000, Lynchburg homeowners can see a wide range in tax bills depending on location and assessment. The 25th percentile tax bill is $1,019, while the 75th percentile is $2,183 and the 90th percentile reaches $3,034. The highest median tax bill is $2,449 in ZIP code 24503, compared with $722 in ZIP code 24504. Compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400, Lynchburg homeowners may pay more or less depending on where they live and how their property is assessed.
Median Lynchburg Tax Bill
$1,608
Median Lynchburg County Tax Bill
$1,612
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Lynchburg, Lynchburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24501 | $477 | $680 | $1,025 | $1,497 | $1,902 |
| 24502 | $1,117 | $1,407 | $1,759 | $2,133 | $2,548 |
| 24503 | $1,063 | $1,804 | $2,449 | $3,463 | $4,901 |
| 24504 | $301 | $446 | $722 | $1,231 | $1,905 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Lynchburg Tax Assessor | |
| Website | lynchburgva.civ.quest |