Alleghany County, Virginia Property Taxes
Property Taxes in Alleghany County, Virginia
Median Alleghany County effective property tax rate: 0.73%, significantly lower than the national median of 1.02%.
Median Alleghany County home value: $87,250
Median annual Alleghany County tax bill: $623, $1,777 lower than the national median property tax bill of $2,400.
How are property taxes in Alleghany County calculated?
Property taxes in Alleghany County 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.
Why are property taxes lower in Alleghany County than the national median? The county’s effective property tax rate is 0.73%, well below the national median of 1.02%. How does Alleghany County compare with Virginia? The county’s rate is also lower than the state median tax rate of 0.90%.
Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Alleghany County or another part of Alleghany County, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Alleghany County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.73%
Estimate Property Tax Bill
$637
$591
How Does the Alleghany County Property Tax Calculator Work?
Use this Alleghany County property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Alleghany County's median effective tax rate of 0.73% to generate your estimate.
Enter your property's estimated assessed value — the figure used for tax purposes, which is typically lower than market value after applicable exemptions. Our calculator uses the median effective rate for a more accurate estimate than the statutory millage rate alone.
Your actual bill may vary based on your specific exemptions, local school district levies, and any special assessment districts that apply to your property. Alleghany County's median tax rate is lower than the Virginia median tax rate of 0.90% and below the national median property tax rate of 1.02%.
For a more precise estimate, scroll down to explore city and ZIP code-level tax rate trends across Alleghany County.
Property Tax Rates Across Alleghany County, Virginia
What Are Effective Property Tax Rates Across Alleghany County?
Local government entities set tax rates, which vary widely across Alleghany County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.
Below, compare Alleghany County's effective property tax rate to other counties in Virginia or the U.S. median of 1.02%.
Alleghany County's median effective rate stands at 0.73%, which is lower than the national median of 1.02%. Within Alleghany County, the highest rate is found in Clifton Forge at 0.73%, while Clifton Forge has the lowest at 0.73%.
These variations reflect differences in local school district levies, special assessment districts assessments, and special district bonds — which compound the base county rate.
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 Alleghany County Tax Rate
0.73%
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 Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Alleghany County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clifton Forge | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Covington | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Hot Springs | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Iron Gate | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Low Moor | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Selma | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Alleghany County, Virginia
When examining property taxes in Alleghany County, 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 assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The 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 are sent in the spring each year and typically reach your mailbox by the middle of January. 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.
For example, the median tax bill in Alleghany County is $623, compared with the national median property tax bill of $2,400. Tax bills range significantly across the county, and Hot Springs has the highest median home price at $116,700.
Property Tax Assessment Values Across Alleghany County, Virginia
Source: Ownwell
$48,300
$82,500
$116,700
Median Alleghany County Market Value
$87,250
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Alleghany County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clifton Forge | $26,600 | $43,925 | $69,950 | $107,600 | $150,040 |
| Covington | $45,530 | $72,000 | $105,500 | $153,625 | $217,280 |
| Hot Springs | $51,060 | $75,100 | $116,700 | $207,250 | $400,500 |
| Iron Gate | $25,000 | $37,300 | $51,600 | $66,600 | $98,900 |
| Low Moor | $4,250 | $16,425 | $48,300 | $67,125 | $95,800 |
| Selma | $26,760 | $39,550 | $55,400 | $74,050 | $102,180 |
Source: Ownwell
Property Tax Bills Across Alleghany County, Virginia
Property tax bills in Alleghany County are based on the assessed value of a home and the local tax rate set by taxing authorities. When a property’s market value changes, the assessed value can change too, which affects the final bill. For a county with a median home price of $87,250, even modest shifts in valuation can make a noticeable difference in what homeowners owe.
The typical tax bill in the county varies widely, with the 25th percentile at $396 and the 75th percentile at $953, while the 90th percentile reaches $1,341. That spread shows how location, home value, and local assessments can lead to very different bills from one homeowner to another. Hot Springs has the highest median tax bill at $833.00, while Low Moor has the lowest at $351.00. For homeowners, understanding how assessed value and tax rates interact is key to anticipating annual property tax costs.
Median Alleghany County Tax Bill
$623
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Alleghany County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clifton Forge | $194 | $318 | $507 | $784 | $1,089 |
| Covington | $322 | $515 | $750 | $1,075 | $1,468 |
| Hot Springs | $346 | $535 | $833 | $1,334 | $2,000 |
| Iron Gate | $179 | $270 | $377 | $488 | $723 |
| Low Moor | $31 | $118 | $351 | $483 | $700 |
| Selma | $195 | $288 | $404 | $539 | $748 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Alleghany Tax Assessor | |
| Website | www.bttaxpayerportal.com |