Property Taxes in Maxie, Virginia
Median Maxie, 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 Maxie, Virginia home value: $31,350
Median annual Maxie, Virginia tax bill: $122, $2,278 lower than the national median property tax bill of $2,400.
How are property taxes in Buchanan calculated?
Property taxes in Maxie, 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 Maxie’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Maxie, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Maxie Property Tax Calculator Work?
Use this Maxie property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Maxie’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 Maxie’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 Maxie: rates are 0.39% in 24628, 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 Maxie.
About Maxie Property Taxes
About Property Taxes in Maxie, Buchanan, Virginia
Maxie’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 Maxie. Homeowners in the 24628 ZIP code carry a median effective rate of 0.39%, and the lowest rate is also 0.39%. This means the tax burden is consistent across the city, but it still depends on how Buchanan County and local districts assess property values.
Maxie 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 Maxie, 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 Maxie’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 Maxie 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 Maxie, Buchanan County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24628 | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
Source: Ownwell
Property Tax Assessment Values Across Maxie, Buchanan County, Virginia
When examining property taxes in Maxie, 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 are sent in the spring each year and 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 Maxie is $31,350, with a median tax bill of $122. That is far below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
Property Tax Assessment Values Across Maxie, Buchanan County, Virginia
Source: Ownwell
$31,350
$42,075
$52,800
Median Maxie Market Value
$31,350
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 Maxie, Buchanan County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24628 | $9,120 | $21,925 | $31,350 | $42,800 | $60,050 |
Source: Ownwell
Property Tax Bills Across Maxie, Buchanan County, Virginia
Property tax bills in Maxie are calculated from the assessed value of a home and the local tax rate set for Buchanan County. The bill reflects how much the property is worth for tax purposes, not what a homeowner paid for it. When assessed values rise, the tax bill can increase even if the home has not changed.
For Maxie homeowners, the median home price is $31,350, and the median property tax bill is $122, which is far below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Tax bills in the area also vary, with the 25th percentile at $86 and the 75th percentile at $167. The highest and lowest median tax bill reported is $122 in ZIP code 24628.
These bills affect homeowners by adding to the annual cost of owning a home and can change when assessments or local tax rates change.
Median Maxie Tax Bill
$122
Median Buchanan County Tax Bill
$186
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Maxie, Buchanan County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24628 | $36 | $86 | $122 | $167 | $234 |
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 |