Martinsville, Martinsville County, Virginia Property Taxes

$774 avg. annual savings

No Upfront Costs

You only pay if we save

Property Taxes in Martinsville, Virginia

Median Martinsville, Virginia effective property tax rate: 0.99%, significantly lower than the national median of 1.02%, and higher than the Virginia state median of 0.90%.
Median Martinsville, Virginia home value: $54,850
Median annual Martinsville, Virginia tax bill: $527, $1,873 lower than the national median property tax bill of $2,400.

How are property taxes in Martinsville calculated?

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

Last Updated April 13, 2026

Martinsville, Martinsville County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.99%

Estimate Property Tax Bill

$543

$504

How Does the Martinsville Property Tax Calculator Work?

Use this Martinsville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Martinsville's median effective tax rate of 0.99% — based on actual property records in Martinsville 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 Martinsville'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 Martinsville: rates range from 0.99% in 24112 to 0.99% in 24112, 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 Martinsville.

About Martinsville Property Taxes

About Property Taxes in Martinsville, Martinsville, Virginia

Martinsville's median effective property tax rate of 0.99% is higher than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Martinsville 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 Martinsville. Homeowners in the 24112 ZIP code carry a median effective rate of 0.99%, while those in 24112 pay 0.99%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Martinsville County. Understanding which part of Martinsville you live in can make a meaningful difference to your annual tax bill.

Martinsville 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 Martinsville, Martinsville 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 Martinsville's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.

Property Tax Rates Across Martinsville, Martinsville County, Virginia

Source: Ownwell

0.99%

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 Martinsville Tax Rate

0.99%

Median Effective Martinsville County Tax Rate

0.99%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Martinsville, Martinsville County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24112	0.99%	0.99%	0.99%	0.99%	0.99%

Source: Ownwell

Property Tax Assessment Values Across Martinsville, Martinsville County, Virginia

When examining property taxes in Martinsville, 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 Martinsville 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 Martinsville 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. The median home price in Martinsville is $54,850, with tax bills ranging across the county. Zip code 24112 has the highest median home price at $54,850.

Property Tax Assessment Values Across Martinsville, Martinsville County, Virginia

Source: Ownwell

$54,850

Median Martinsville Market Value

$54,850

Median Martinsville County Market Value

$54,850

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Martinsville, Martinsville County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24112	$20,000	$31,125	$54,850	$93,850	$183,950

Source: Ownwell

Property Tax Bills Across Martinsville, Martinsville County, Virginia

How are property tax bills calculated in Martinsville?

Property tax bills in Martinsville 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 used for taxation can change as well, which affects the final bill. Homeowners with higher-valued homes generally pay more, while lower-valued homes usually pay less.

What factors affect the tax bill?

Several factors influence the amount due, including the home’s assessed value, local tax rates, and any exemptions or special adjustments that may apply. In Martinsville, the median home price is $54,850, and the median property tax bill is $527. Tax bills can vary widely, with the 25th percentile at $302 and the 75th percentile at $894.

How does this compare with the national median?

Martinsville’s median property tax bill is well below the national median property tax bill of $2,400, which can make local taxes feel more manageable for many homeowners.

Property Tax Bills Across Martinsville, Martinsville County, Virginia

Source: Ownwell

$527

Median Martinsville Tax Bill

$527

Median Martinsville County Tax Bill

$527

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Martinsville, Martinsville County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24112	$198	$302	$527	$894	$1,727

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	June 1

Links
Martinsville Tax Assessor
Website	martinsville-va.munisselfservice.com

Frequently Asked Property Tax Questions in Martinsville, Virginia

How are property taxes calculated in Martinsville, Virginia?

Property taxes in Martinsville, Virginia are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Martinsville, Virginia?

To appeal your property taxes in Martinsville, Virginia, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Martinsville, Virginia?

Common property tax exemptions in Martinsville, Virginia include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Martinsville, Virginia?

Property tax deadlines in Martinsville, Virginia vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Martinsville, Virginia?

Ownwell provides professional property tax appeal services in Martinsville, Virginia. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.