Low Moor, Alleghany County, Virginia Property Taxes
Median Low Moor, VA effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Low Moor, VA home value: $47,300
Median annual Low Moor, VA tax bill: $345, $2,055 lower than the national median property tax bill of $2,400.
How are property taxes in Alleghany calculated?
Property taxes in Low Moor, 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 Low Moor’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Low Moor, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Low Moor, 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
$353
$327
Property Tax Rates Across Low Moor, Alleghany County, Virginia
Local government entities in Virginia, like those across the nation, set property tax rates, which can vary significantly within the state. Annually, each county determines its necessary budget to fund public services and divides this by the total value of all taxable property in its area, resulting in the property tax rate. While the process involves votes and legislation, this is essentially how property tax rates are established each year.
In Low Moor, located in Alleghany County, the effective property tax rate is 0.73%. When compared to other cities in Virginia, Low Moor's tax rate is consistent with the highest and lowest rates within the state. This rate is lower than the national median property tax rate of 1.02%, offering potential savings for property owners. Additionally, with the national median property tax bill being $2400, residents of Low Moor may find their property tax bills to be relatively manageable. Understanding these rates can help property owners in Low Moor make informed financial decisions and explore potential savings through property tax appeals and exemptions.
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 Low Moor 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 Alleghany County Tax Rate
0.73%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Low Moor, Alleghany County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24457 | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Low Moor, Alleghany County, Virginia
When examining property taxes in Low Moor, 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 Alleghany 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 Alleghany 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 Low Moor.
For example, the median home price in Low Moor is $47,300, with tax bills ranging significantly across the county. Zip code 24457 has the highest median home price at $47,300.
Property Tax Assessment Values Across Low Moor, Alleghany County, Virginia
Source: Ownwell
$48,300
$82,500
$116,700
Median Low Moor Market Value
$48,300
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 Low Moor, Alleghany County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24457 | $4,250 | $16,425 | $48,300 | $67,125 | $95,800 |
Source: Ownwell
Property Tax Bills Across Low Moor, Alleghany County, Virginia
Median Low Moor Tax Bill
$351
Median Alleghany County Tax Bill
$623
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Low Moor, Alleghany County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24457 | $31 | $118 | $351 | $483 | $700 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
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| Appeal Deadline | June 1 |
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