Rocky Gap, Bland County, Virginia Property Taxes

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

Median ROCKY GAP, VA effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median ROCKY GAP, VA home value: $88,000
Median annual ROCKY GAP, VA tax bill: $534, $1,866 lower than the national median property tax bill of $2,400.

How are property taxes in Bland calculated?

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

Last Updated March 1, 2025

Rocky Gap, Bland County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.6%

Estimate Property Tax Bill

$530

$492

Ownwell’s Rocky Gap Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rocky Gap with just two data points. By entering your property's estimated assessed value, our calculator applies Rocky Gap’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 Bland County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Rocky Gap, Bland County, Virginia

Local government entities set tax rates, which can vary widely within a state. 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.

In Rocky Gap, located in Bland County, Virginia, the effective property tax rate is 0.60%. This rate is notably lower than the national median property tax rate of 1.02%. When you compare it to other cities in Virginia, Rocky Gap's rate remains consistent with the state's overall trend of lower property tax rates. This can be particularly appealing to property owners looking for more affordable tax liabilities. Additionally, the median property tax bill in Rocky Gap is likely to be significantly less than the national median bill of $2,400, providing further financial relief for homeowners.

Property Tax Rates Across Rocky Gap, Bland County, Virginia

Source: Ownwell

0.60%

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 Rocky Gap Tax Rate

0.60%

Median Effective Bland County Tax Rate

0.60%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Rocky Gap, Bland County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24366	0.60%	0.60%	0.60%	0.60%	0.60%

Source: Ownwell

Property Tax Assessment Values Across Rocky Gap, Bland County, Virginia

When examining property taxes in Rocky Gap, 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 Bland 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: In Bland 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 Rocky Gap. For example, the median home price in Rocky Gap is $88,000, with tax bills ranging significantly across the county. 24366 has the highest median home price at $88,000.

Property Tax Assessment Values Across Rocky Gap, Bland County, Virginia

Source: Ownwell

$67,000

$110,800

$154,600

Median Rocky Gap Market Value

$88,300

Median Bland County Market Value

$88,200

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Rocky Gap, Bland County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24366	$23,500	$55,350	$88,300	$141,550	$210,300

Source: Ownwell

Property Tax Bills Across Rocky Gap, Bland County, Virginia

In Rocky Gap, Bland County, VA, property tax bills are calculated based on the assessed value of a home. With a median home price of $88,000, the property tax rate is applied to determine the tax bill. Factors such as the assessed property value and local tax rates significantly influence the final amount homeowners pay. The median property tax bill in this area stands at $534, which is substantially lower than the national median of $2,400. For many homeowners, taxes can vary widely, with the 25th percentile paying around $331 and the 90th percentile reaching up to $1,260. This variability can impact homeowners' finances, making it essential to ensure assessments are fair and accurate. Ownwell assists homeowners by providing property tax appeal and exemption services. By analyzing local market conditions and assessment practices, Ownwell helps ensure homeowners are not overpaying, potentially saving them money on their property tax bills.

Property Tax Bills Across Rocky Gap, Bland County, Virginia

Source: Ownwell

$397

$663

$928

Median Rocky Gap Tax Bill

$534

Median Bland County Tax Bill

$530

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Rocky Gap, Bland County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24366	$140	$332	$534	$851	$1,265

Source: Ownwell