Austinville, Wythe County, Virginia Property Taxes

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

Median Austinvile, VA effective property tax rate: 0.51%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Austinvile, VA home value: $93,150
Median annual Austinvile, VA tax bill: $475, $1,925 lower than the national median property tax bill of $2,400.

How are property taxes in Wythe calculated?

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

Last Updated March 1, 2025

Austinville, Wythe County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.51%

Estimate Property Tax Bill

$489

$454

Ownwell’s Austinvile Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Austinvile with just two data points.

By entering your property's estimated assessed value, our calculator applies Austinvile’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 Wythe County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Austinville, Wythe County, Virginia

Local government entities in Virginia, like in many states, set tax rates that can vary widely. Each year, counties estimate the budget needed to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This process results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the fundamental process. Austinville in Wythe County has an effective property tax rate that aligns closely with the median rate for Virginia. This is significantly lower than the national median property tax rate of 1.02%. Such differences highlight the variations in how property taxes are assessed and collected across different regions. Comparing Austinville’s tax rate to other cities in Virginia and the U.S. provides valuable insight into the local tax landscape, offering a perspective on how local governance and property values influence tax obligations. Understanding these differences can help property owners make informed decisions about property investments and financial planning.

Property Tax Rates Across Austinville, Wythe County, Virginia

Source: Ownwell

0.51%

0.52%

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 Austinville Tax Rate

0.51%

Median Effective Wythe County Tax Rate

0.52%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Austinville, Wythe County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24312	0.51%	0.51%	0.51%	0.52%	0.55%

Source: Ownwell

Property Tax Assessment Values Across Austinville, Wythe County, Virginia

When examining property taxes in Austinsville, 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 Wythe 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 Wythe County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Austinsville. For example, the median home price in Austinsville is $93,150, with tax bills ranging significantly across the county. Zip code 24312 has the highest median home price at $93,150.

Property Tax Assessment Values Across Austinville, Wythe County, Virginia

Source: Ownwell

$95,900

$137,025

$178,150

Median Austinville Market Value

$95,900

Median Wythe County Market Value

$143,400

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Austinville, Wythe County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24312	$44,280	$62,850	$95,900	$143,900	$193,120

Source: Ownwell

Property Tax Bills Across Austinville, Wythe County, Virginia

In Austenville, located in Wythe County, VA, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined based on the market value of the property, and tax rates are set by local taxing authorities. With a median home price of $93,150, homeowners in Austenville experience tax bills that vary widely. The 25th percentile tax bill is $287, while the 75th percentile reaches $724, and the 90th percentile can be as high as $996. These figures highlight the range of tax burdens homeowners may face, compared to the national median property tax bill of $2,400. For those in Austenville, the property tax rate is notably lower than the national average of 1.02%. Ownwell offers valuable services to homeowners by providing property tax appeal and exemption services. By assessing the accuracy of property valuations and identifying potential savings, Ownwell helps homeowners lower their property tax bills, ensuring they pay only their fair share.

Property Tax Bills Across Austinville, Wythe County, Virginia

Source: Ownwell

$508

$730

$952

Median Austinville Tax Bill

$508

Median Wythe County Tax Bill

$757

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Austinville, Wythe County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24312	$227	$325	$508	$767	$1,014

Source: Ownwell