Property Taxes in Madison Heights, Virginia
Median Madison Heights, Virginia effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Madison Heights, Virginia home value: $124,600
Median annual Madison Heights, Virginia tax bill: $750, lower than the national median property tax bill of $2,400.
How are property taxes in Amherst calculated?
Property taxes in Madison Heights, Virginia 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 Madison Heights's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Madison Heights, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Madison Heights Property Tax Calculator Work?
Use this Madison Heights property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Madison Heights' median effective tax rate of 0.61% — based on actual property records in Amherst County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Madison Heights' median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Madison Heights: rates range from 0.61% in 24572 to 0.61% in 24572, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Madison Heights.
About Madison Heights Property Taxes
About Property Taxes in Madison Heights, Amherst, Virginia
Madison Heights's median effective property tax rate of 0.61% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Amherst County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Madison Heights. Homeowners in the 24572 ZIP code carry a median effective rate of 0.61%, while those in the same ZIP code pay 0.61%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Amherst County. Understanding which part of Madison Heights you live in can make a meaningful difference to your annual tax bill.
Madison Heights homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Madison Heights, Amherst County, Virginia
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services 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, in a nutshell, this is the annual process.
Below, you can compare Madison Heights's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
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 Madison Heights Tax Rate
0.61%
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 Amherst County Tax Rate
0.61%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Madison Heights, Amherst County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24572 | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Madison Heights, Amherst County, Virginia
When examining property taxes in Madison Heights, 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. Amherst County 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: In Amherst County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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 home price in Madison Heights is $124,600, with a median tax bill of $750. The highest median home price is in 24572 at $124,600.
Property Tax Assessment Values Across Madison Heights, Amherst County, Virginia
Source: Ownwell
$77,450
$125,825
$174,200
Median Madison Heights Market Value
$124,600
Median Amherst County Market Value
$131,100
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Madison Heights, Amherst County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24572 | $53,300 | $86,000 | $124,600 | $164,925 | $233,100 |
Source: Ownwell
Property Tax Bills Across Madison Heights, Amherst County, Virginia
Madison Heights property tax bills are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The assessed value is the starting point for determining what a homeowner owes, and changes in market conditions can affect that amount over time. For homeowners in Madison Heights, the median home price is $124,600, and the median property tax bill is $750.
Several factors influence the final bill, including the property’s assessed value, local tax rates, and any exemptions or adjustments that may apply. Homes with higher assessed values generally face larger tax bills, while lower-valued homes usually owe less. In Amherst County, tax bills can vary, with the 25th percentile at $502 and the 75th percentile at $996, showing how much property taxes can differ from one homeowner to another. For many homeowners, property taxes are a significant part of annual housing costs and can change as assessments are updated.
Median Madison Heights Tax Bill
$750
Median Amherst County Tax Bill
$773
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Madison Heights, Amherst County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24572 | $287 | $502 | $750 | $996 | $1,384 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | December 10 |
Links | |
|---|---|
| Amherst Tax Assessor | |
| Website | www.countyofamherst.com |