Property Taxes in Haysi, Virginia
Median Haysi, Virginia effective property tax rate: 0.39%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Haysi, Virginia home value: $43,250
Median annual Haysi, Virginia tax bill: $169, lower than the national median property tax bill of $2,400.
How are property taxes in Buchanan calculated?
Property taxes in Haysi, 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 Haysi's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Haysi, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Haysi Property Tax Calculator Work?
Use this Haysi property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Haysi's median effective tax rate of 0.39% — based on actual property records in Buchanan 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 Haysi's 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 Haysi: rates range from 0.39% in 24256 to 0.39% in 24256, 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 Haysi.
About Haysi Property Taxes
About Property Taxes in Haysi, Buchanan, Virginia
Haysi's median effective property tax rate of 0.39% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Buchanan 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 Haysi. Homeowners in the 24256 ZIP code carry a median effective rate of 0.39%, while those in the same ZIP code pay 0.39%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Buchanan County. Understanding which part of Haysi you live in can make a meaningful difference to your annual tax bill.
Haysi homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the 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 Haysi, Buchanan 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 Haysi'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 Haysi Tax Rate
0.39%
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 Buchanan County Tax Rate
0.39%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Haysi, Buchanan County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24256 | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
Source: Ownwell
Property Tax Assessment Values Across Haysi, Buchanan County, Virginia
When examining property taxes in Haysi, 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. The Buchanan County assessment office 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 Buchanan 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. 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 Haysi.
For example, the median home price in Haysi is $43,250, with tax bills ranging significantly across the county. 24256 has the highest median home price at $43,250.
Property Tax Assessment Values Across Haysi, Buchanan County, Virginia
Source: Ownwell
$31,350
$42,075
$52,800
Median Haysi Market Value
$43,250
Median Buchanan County Market Value
$47,800
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Haysi, Buchanan County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24256 | $7,000 | $12,725 | $43,250 | $74,450 | $100,580 |
Source: Ownwell
Property Tax Bills Across Haysi, Buchanan County, Virginia
Property tax bills in Haysi are calculated by applying the local tax rate to a home’s assessed value, which is based on the property’s market value. That means the amount a homeowner owes depends on both the value of the home and the rate set by local taxing authorities. For a median home price of $43,250, the tax bill can vary widely depending on where the property is located and how it is assessed.
In Buchanan County, the median property tax bill is $169.00 in ZIP code 24256, and that figure is well below the national median property tax bill of $2,400. Bills in the area also range from $50 at the 25th percentile to $392 at the 90th percentile, showing how much assessments and local rates can affect what homeowners pay. For homeowners, even small changes in assessed value can influence annual taxes and overall housing costs.
Median Haysi Tax Bill
$169
Median Buchanan County Tax Bill
$186
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Haysi, Buchanan County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24256 | $27 | $50 | $169 | $290 | $392 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Buchanan Tax Assessor | |
| Website | egov.buchanancounty-va.gov |