Bastian, Tazewell County, Virginia Property Taxes

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

Median Bastian, VA effective property tax rate: 0.58%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Bastian, VA home value: $115,600
Median annual Bastian, VA tax bill: $670, $1,730 lower than the national median property tax bill of $2,400.

How are property taxes in Tazewell calculated?

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

Last Updated March 1, 2025

Bastian, Tazewell County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.58%

Estimate Property Tax Bill

$717

$665

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

Property Tax Rates Across Bastian, Tazewell County, Virginia

Local government entities set property tax rates, which can vary widely within a state. Each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

Bastian in Tazewell County, Virginia, has an effective property tax rate that reflects this process. Compared to other cities in Virginia, Bastian's property tax rate is relatively low. With Virginia's median property tax rate being below the national median of 1.02%, residents of Bastian benefit from a more affordable property tax environment. This is particularly advantageous when compared to the national median property tax bill of $2,400.

Understanding these rates can help property owners in Bastian make informed decisions about their property investments. By staying informed about local tax trends, property owners can better anticipate their tax liabilities and plan their finances accordingly.

Property Tax Rates Across Bastian, Tazewell County, Virginia

Source: Ownwell

0.58%

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 Bastian Tax Rate

0.58%

Median Effective Tazewell County Tax Rate

0.58%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bastian, Tazewell County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24314	0.58%	0.58%	0.58%	0.58%	0.58%

Source: Ownwell

Property Tax Assessment Values Across Bastian, Tazewell County, Virginia

When examining property taxes in Bastian, 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 Tazewell 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. In Tazewell County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the spring season. 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 Bastian. For example, the median home price in Bastian is $115,600, with tax bills ranging significantly across the county. 24314 has the highest median home price at $115,600.

Property Tax Assessment Values Across Bastian, Tazewell County, Virginia

Source: Ownwell

$24,150

$73,875

$123,600

Median Bastian Market Value

$123,600

Median Tazewell County Market Value

$80,000

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bastian, Tazewell County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24314	$51,320	$76,600	$123,600	$234,300	$352,720

Source: Ownwell

Property Tax Bills Across Bastian, Tazewell County, Virginia

In Bastian, located in Tazewell County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. The median home price in this area is $115,600. Homeowners in Bastian can expect a property tax bill that varies depending on the assessed value and the local tax rate. For instance, the property tax bill for the 25th percentile is $443, while the 75th percentile is $1,350, and the 90th percentile reaches $1,737. This indicates a range that can significantly impact homeowners, especially when compared to the national median property tax bill of $2,400. Understanding these figures is crucial for homeowners aiming to manage their expenses effectively. By appealing property tax assessments, homeowners can potentially lower their bills. Ownwell specializes in property tax appeal and exemption services, helping homeowners reduce their tax burdens by ensuring their property is assessed fairly, potentially leading to significant savings.

Property Tax Bills Across Bastian, Tazewell County, Virginia

Source: Ownwell

$140

$429

$717

Median Bastian Tax Bill

$717

Median Tazewell County Tax Bill

$464

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Bastian, Tazewell County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24314	$298	$444	$717	$1,359	$2,046

Source: Ownwell