Tazewell, Tazewell County, Virginia Property Taxes
Median Tazewell, 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 Tazewell, VA home value: $102,500
Median annual Tazewell, VA tax bill: $594, $1,806 lower than the national median property tax bill of $2,400.
How are property taxes in Tazewell calculated?
Property taxes in Tazewell, 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 Tazewell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Tazewell, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Tazewell, 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
$595
$552
Ownwell’s Tazewell Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tazewell with just two data points. By entering your property's estimated assessed value, our calculator applies Tazewell’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 County. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Tazewell, 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 Tazewell 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 Tazewell, Tazewell County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24651 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Tazewell, Tazewell County, Virginia
When examining property taxes in Tazewell, 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 March. 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 Tazewell. For example, the median home price in Tazewell is $102,500, with tax bills ranging significantly across the county. Zip code 24651 has the highest median home price at $102,500.
Property Tax Assessment Values Across Tazewell, Tazewell County, Virginia
Source: Ownwell
$24,150
$73,875
$123,600
Median Tazewell Market Value
$102,500
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 Tazewell, Tazewell County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24651 | $42,000 | $67,500 | $102,500 | $158,500 | $238,700 |
Source: Ownwell
Property Tax Bills Across Tazewell, Tazewell County, Virginia
In Tazewell, Virginia, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, reflecting the property's worth. Factors such as location, property size, and improvements can influence the assessed value. With a median home price of $102,500, homeowners in Tazewell face property tax bills that can range significantly. The 25th percentile tax bill is approximately $392, while the 75th percentile reaches $921, and the 90th percentile climbs to $1,384. Compared to the national median property tax bill of $2,400, Tazewell's tax bills are relatively lower, offering some relief to homeowners.
Ownwell provides valuable assistance to homeowners by offering property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure that homeowners are not overpaying on their tax bills. This service can result in significant savings, allowing homeowners to allocate their resources more effectively. With Ownwell's expertise, navigating the complexities of property taxes becomes simpler and more cost-effective.
Median Tazewell Tax Bill
$594
Median Tazewell County Tax Bill
$464
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Tazewell, Tazewell County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24651 | $244 | $392 | $594 | $919 | $1,384 |
Source: Ownwell