Hillsville, Wythe County, Virginia Property Taxes

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

Median Hillsville, 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 Hillsville, VA home value: $122,200
Median annual Hillsville, VA tax bill: $623, $1,777 lower than the national median property tax bill of $2,400.

How are property taxes in Wythe County calculated?

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

Last Updated March 1, 2025

Hillsville, 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

$598

$555

Ownwell’s Hillsville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hillsville with just two data points. By entering your property's estimated assessed value, our calculator applies Hillsville’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 Hillsville, Wythe County, Virginia

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

In Hillsville, located in Carroll County, Virginia, property tax rates are determined through a similar process. The effective property tax rate in Hillsville is a reflection of the county's budgetary needs and the total assessed value of taxable property. Compared to other cities in Virginia, Hillsville's property tax rate provides insight into the local government's fiscal strategy and its impact on property owners.

When comparing Hillsville's effective property tax rate to the national median, which stands at 1.02%, it becomes evident how local economic conditions and governance influence tax rates. Understanding these differences can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Hillsville, 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 Hillsville 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 Hillsville, Wythe County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24343	0.51%	0.51%	0.51%	0.52%	0.55%

Source: Ownwell

Property Tax Assessment Values Across Hillsville, Wythe County, Virginia

When examining property taxes in Hillsville, 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. Assessment notices: Wythe County sends assessment notices 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 Hillsville. For example, the median home price in Hillsville is $122,200, with tax bills ranging significantly across the county. The zip code 24343 has the highest median home price at $122,200.

Property Tax Assessment Values Across Hillsville, Wythe County, Virginia

Source: Ownwell

$95,900

$137,025

$178,150

Median Hillsville Market Value

$117,200

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 Hillsville, Wythe County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24343	$87,080	$98,150	$117,200	$180,350	$218,350

Source: Ownwell

Property Tax Bills Across Hillsville, Wythe County, Virginia

In Hillsville, located in Wythe County, VA, property tax bills are determined based on the assessed value of a property. The local tax rate is applied to this assessed value to calculate the tax bill. Hillsville's property tax rate is relatively low compared to the national median, resulting in a median property tax bill of $623. This is significantly below the national median property tax bill of $2400. Factors that influence the assessed value include the property's location, size, and condition. For homeowners, this means that any changes in these factors can directly impact their tax bills. Despite the lower rates, homeowners may still find opportunities to reduce their tax burdens. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners navigate the complexities of tax assessments. By leveraging market data and local insights, Ownwell can identify discrepancies in assessments and assist in filing successful appeals, potentially saving homeowners hundreds of dollars on their property tax bills.

Property Tax Bills Across Hillsville, Wythe County, Virginia

Source: Ownwell

$508

$730

$952

Median Hillsville Tax Bill

$619

Median Wythe County Tax Bill

$757

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Hillsville, Wythe County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24343	$447	$506	$619	$937	$1,115

Source: Ownwell