Bristol, Bristol County, Virginia Property Taxes

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

Median Bristol, VA effective property tax rate: 1.17%, significantly higher than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Bristol, VA home value: $98,400
Median annual Bristol, VA tax bill: $1,144, $1,256 lower than the national median property tax bill of $2,400.

How are property taxes in Bristol calculated?

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

Last Updated March 1, 2025

Bristol, Bristol County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.12%

Estimate Property Tax Bill

$1,103

$1,024

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

Property Tax Rates Across Bristol, Bristol County, Virginia

Local government entities in Virginia set tax rates, which can vary widely within the state. Annually, each county estimates its required budget to provide essential 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 Bristol, located in Virginia, the effective property tax rate is a reflection of this process. Compared to other cities in Virginia, Bristol’s tax rate offers a unique perspective on how local budgets and property values interact. The median property tax rate in Bristol aligns with the highest and lowest rates in the state, which is higher than the national median property tax rate of 1.02%. This comparison highlights the variability and nuances in tax rates across different regions. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Bristol, Bristol County, Virginia

Source: Ownwell

1.12%

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 Bristol Tax Rate

1.12%

Median Effective Bristol County Tax Rate

1.12%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bristol, Bristol County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24201	1.12%	1.12%	1.12%	1.12%	1.12%
24202	1.12%	1.12%	1.12%	1.12%	1.12%

Source: Ownwell

Property Tax Assessment Values Across Bristol, Bristol County, Virginia

When examining property taxes in Bristol, 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 Bristol 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 Bristol 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 Bristol. For example, the median home price in Bristol is $98,400, with tax bills ranging significantly across the county. Zip code 24202 has the highest median home price at $133,600.

Property Tax Assessment Values Across Bristol, Bristol County, Virginia

Source: Ownwell

$96,200

$114,900

$133,600

Median Bristol Market Value

$98,500

Median Bristol County Market Value

$98,500

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bristol, Bristol County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24201	$30,400	$58,300	$96,200	$137,700	$174,900
24202	$56,800	$101,100	$133,600	$191,700	$246,940

Source: Ownwell

Property Tax Bills Across Bristol, Bristol County, Virginia

In Bristol, VA, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the market value, determined by the local assessor. Various factors such as property location, size, and improvements influence this assessment. Homeowners in Bristol face a median property tax bill that can range significantly, with the 25th percentile at $686 and the 90th percentile reaching $2,097. The national median property tax bill is $2,400, indicating that Bristol homeowners generally pay less than the national average. However, even within the city, disparities exist. For instance, the highest median tax bill is found in the 24202 zip code at $1,563, while the lowest is in 24201 at $1,114. Ownwell assists homeowners by reviewing their property assessments to identify potential savings. By filing appeals and securing exemptions, Ownwell can help reduce tax burdens, ensuring homeowners pay only their fair share.

Property Tax Bills Across Bristol, Bristol County, Virginia

Source: Ownwell

$1,062

$1,263

$1,464

Median Bristol Tax Bill

$1,092

Median Bristol County Tax Bill

$1,092

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Bristol, Bristol County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24201	$323	$635	$1,062	$1,533	$1,943
24202	$598	$1,130	$1,464	$2,148	$2,755

Source: Ownwell