Nickelsville, Russell County, Virginia Property Taxes
Property Taxes in Nickelsville, Virginia
Median Nickelsville, Virginia effective property tax rate: 0.63%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Nickelsville, Virginia home value: $95,850
Median annual Nickelsville, Virginia tax bill: $604, lower than the national median property tax bill of $2,400.
How are property taxes in Russell calculated?
Property taxes in Nickelsville, 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 Nickelsville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Nickelsville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Nickelsville, Russell County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.63%
Estimate Property Tax Bill
$604
$560
How Does the Nickelsville Property Tax Calculator Work?
Use this Nickelsville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Nickelsville's median effective tax rate of 0.63% — based on actual property records in Russell County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment 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 Nickelsville'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 Nickelsville: rates are the same across the area, with the highest median property tax bill of $604 in 24271 and the lowest median property tax bill of $604 in 24271.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Nickelsville.
About Nickelsville Property Taxes
About Property Taxes in Nickelsville, Russell, Virginia
Nickelsville's median effective property tax rate of 0.63% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Russell 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 Nickelsville. Homeowners in the 24271 ZIP code carry a median effective rate of 0.63%, while those in the same ZIP also pay 0.63%. This spread reflects how school district boundaries and local assessment districts are drawn across Russell County. Understanding which part of Nickelsville you live in can make a meaningful difference to your annual tax bill.
Nickelsville 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 Nickelsville, Russell 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 Nickelsville'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 Nickelsville Tax Rate
0.63%
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 Russell County Tax Rate
0.63%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Nickelsville, Russell County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24271 | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Nickelsville, Russell County, Virginia
When examining property taxes in Nickelsville, 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 Russell 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 Russell County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Nickelsville is $95,850, with tax bills ranging significantly across the county. Zip code 24271 has the highest median home price at $95,850.
Property Tax Assessment Values Across Nickelsville, Russell County, Virginia
Source: Ownwell
$20,600
$78,750
$136,900
Median Nickelsville Market Value
$95,850
Median Russell County Market Value
$78,950
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Nickelsville, Russell County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24271 | $46,110 | $64,300 | $95,850 | $126,725 | $229,060 |
Source: Ownwell
Property Tax Bills Across Nickelsville, Russell County, Virginia
Property tax bills in Nickelsville are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. For homeowners, the bill depends on how much the property is worth and the tax rate set by local taxing authorities. In Russell County, the median home price is $95,850, and the median property tax bill is $604, which is below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
Several factors can affect the final bill, including the assessed value, local tax rates, and any exemptions that may reduce taxable value. Bills can vary widely even within the same area, with the 25th percentile at $405 and the 75th percentile at $798. For some homeowners, higher-value properties or fewer exemptions can lead to larger bills, while others may pay less depending on how their home is assessed.
Median Nickelsville Tax Bill
$604
Median Russell County Tax Bill
$497
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Nickelsville, Russell County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24271 | $290 | $405 | $604 | $798 | $1,443 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Russell Tax Assessor | |
| Website | www.russellcountyva.us |