Raven, Tazewell County, Virginia Property Taxes
Median Raven, 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 Raven, VA home value: $55,750
Median annual Raven, VA tax bill: $325, $2,075 lower than the national median property tax bill of $2,400.
How are property taxes in Tazewell calculated?
Property taxes in Raven, 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 Raven’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Raven, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Raven, Tazewell County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.58%
Estimate Property Tax Bill
$322
$299
Property Tax Rates Across Raven, Tazewell County, Virginia
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 Raven Tax Rate
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 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 Raven, Tazewell County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24639 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Raven, Tazewell County, Virginia
When examining property taxes in Raven, 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 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 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. 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 Raven.
For example, the median home price in Raven is $55,750, with tax bills ranging significantly across the county. Zip code 24639 has the highest median home price at $55,750.
Property Tax Assessment Values Across Raven, Tazewell County, Virginia
Source: Ownwell
$24,150
$73,875
$123,600
Median Raven Market Value
$55,600
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 Raven, Tazewell County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24639 | $10,500 | $25,300 | $55,600 | $82,000 | $110,960 |
Source: Ownwell
Property Tax Bills Across Raven, Tazewell County, Virginia
In Raven, located in Tazewell County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in Raven is $55,750, and tax bills can vary significantly. For instance, tax bills at the 25th percentile are around $149, while those at the 90th percentile reach up to $644. The median tax bill stands at $325, consistent across the region. These figures are relatively lower compared to the national median property tax bill of $2,400, reflecting the lower property values in the area.
Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions. High tax bills can pose a financial burden on homeowners, especially when property values do not align with personal income levels. Ownwell can assist homeowners in Raven by reviewing their property assessments, identifying potential errors, and filing appeals to ensure they are not overpaying. This service can lead to significant savings, providing relief to homeowners facing high property tax bills.
Median Raven Tax Bill
$322
Median Tazewell County Tax Bill
$464
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Raven, Tazewell County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24639 | $61 | $147 | $322 | $476 | $644 |
Source: Ownwell