Glade Spring, Washington County, Virginia Property Taxes

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

Median Glade Spring, VA effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Glade Spring, VA home value: $103,100
Median annual Glade Spring, VA tax bill: $596, $1,804 lower than the national median property tax bill of $2,400.

How are property taxes in Washington County calculated?

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

Last Updated March 1, 2025

Glade Spring, Washington County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.6%

Estimate Property Tax Bill

$613

$569

Ownwell’s Glade Spring Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Glade Spring with just two data points. By entering your property's estimated assessed value, our calculator applies Glade Spring’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Washington 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 Washington County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Glade Spring, Washington County, Virginia

Local government entities in Virginia, like those in other states, set tax rates that can vary significantly within the state. This is because each county, including Washington County, calculates its necessary budget annually to fund services and then divides this by the total value of all taxable property within its jurisdiction. The result of this calculation is the property tax rate. While there are votes and laws involved in setting these rates and budgets, this annual process is the essence of how it works. In Glade Spring, located in Washington County, the effective property tax rate is 0.60%, which is lower than the national median property tax rate of 1.02%. This means that residents of Glade Spring enjoy a relatively low property tax burden compared to many other parts of the country. Understanding these nuances can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Glade Spring, Washington County, Virginia

Source: Ownwell

0.60%

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 Glade Spring Tax Rate

0.60%

Median Effective Washington County Tax Rate

0.60%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Glade Spring, Washington County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24340	0.31%	0.60%	0.60%	0.60%	0.60%

Source: Ownwell

Property Tax Assessment Values Across Glade Spring, Washington County, Virginia

When examining property taxes in Glade Spring, 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 Washington 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 Washington 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 Glade Spring. For example, the median home price in Glade Spring is $103,100, with tax bills ranging significantly across the county. Zip code 24340 has the highest median home price at $103,100.

Property Tax Assessment Values Across Glade Spring, Washington County, Virginia

Source: Ownwell

$70,250

$128,200

$186,150

Median Glade Spring Market Value

$102,200

Median Washington County Market Value

$130,600

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Glade Spring, Washington County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24340	$33,240	$67,000	$102,200	$164,650	$263,180

Source: Ownwell

Property Tax Bills Across Glade Spring, Washington County, Virginia

In Glade Spring, located in Washington County, VA, property tax bills are calculated based on the assessed value of a home. This value is determined by the local tax assessor, who considers factors such as the property's location, size, and condition. With a median home price of $103,100, the property tax bill can vary significantly. For instance, those in the 25th percentile pay around $401, while those in the 90th percentile face bills up to $1,356. The highest median tax bill in the area is $596, which is below the national median property tax bill of $2,400. This discrepancy highlights the variability in property taxes and their impact on homeowners' finances. Homeowners may find themselves paying more than necessary due to inaccuracies in assessments. Ownwell can assist by providing expert property tax appeal services, ensuring homeowners only pay their fair share. By identifying potential savings and navigating the appeals process, Ownwell helps reduce the financial burden of property taxes, ultimately benefiting homeowners in Glade Spring.

Property Tax Bills Across Glade Spring, Washington County, Virginia

Source: Ownwell

$377

$712

$1,046

Median Glade Spring Tax Bill

$570

Median Washington County Tax Bill

$718

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Glade Spring, Washington County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24340	$151	$355	$570	$893	$1,328

Source: Ownwell