Buena Vista, Buena Vista County, Virginia Property Taxes

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

Median Buena Vista, VA effective property tax rate: 1.27%, significantly higher than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Buena Vista, VA home value: $96,500
Median annual Buena Vista, VA tax bill: $1,228, $1,172 lower than the national median property tax bill of $2,400.

How are property taxes in Buena Vista calculated?

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

Last Updated March 1, 2025

Buena Vista, Buena Vista County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.27%

Estimate Property Tax Bill

$1,226

$1,137

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

Property Tax Rates Across Buena Vista, Buena Vista County, Virginia

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation arises because each county annually calculates the budget needed to provide essential services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this is the core process followed each year.

In Buena Vista, VA, the effective property tax rate stands at 1.27%, which is above the national median property tax rate of 1.02%. This rate can be compared to other cities in Virginia, where rates can differ based on local budgetary needs and property values. Despite the higher rate, Buena Vista's property tax rate is reflective of the community's commitment to maintaining public services and infrastructure. For property owners, understanding these rates is crucial for financial planning and appealing property tax assessments. By staying informed, residents can ensure they are not overpaying and can take advantage of any available exemptions or appeal opportunities.

Property Tax Rates Across Buena Vista, Buena Vista County, Virginia

Source: Ownwell

1.27%

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 Buena Vista Tax Rate

1.27%

Median Effective Buena Vista County Tax Rate

1.27%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Buena Vista, Buena Vista County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24416	1.27%	1.27%	1.27%	1.27%	1.27%

Source: Ownwell

Property Tax Assessment Values Across Buena Vista, Buena Vista County, Virginia

When examining property taxes in Buena Vista, 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 Buena Vista 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 Buena Vista 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 Buena Vista. For example, the median home price in Buena Vista is $96,500, with tax bills ranging significantly across the county. 24416 has the highest median home price at $96,500.

Property Tax Assessment Values Across Buena Vista, Buena Vista County, Virginia

Source: Ownwell

$96,500

Median Buena Vista Market Value

$96,500

Median Buena Vista County Market Value

$96,500

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Buena Vista, Buena Vista County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24416	$55,900	$73,300	$96,500	$135,700	$182,800

Source: Ownwell

Property Tax Bills Across Buena Vista, Buena Vista County, Virginia

In Buena Vista, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to arrive at the annual property tax bill. With a median home price of $96,500, homeowners in Buena Vista can expect a tax bill that varies widely, from the 25th percentile at $932 to the 90th percentile at $2,338. The median tax bill in the area is $1,228, which is below the national median of $2,400. Factors such as property size, location, and market conditions influence the assessed value, impacting the tax bill. For homeowners looking to save on their property taxes, Ownwell offers expert property tax appeal and exemption services. By leveraging local market knowledge and tax expertise, Ownwell can help ensure that homeowners are not overpaying. This can lead to significant savings, making it a valuable resource for those looking to reduce their property tax burden.

Property Tax Bills Across Buena Vista, Buena Vista County, Virginia

Source: Ownwell

$1,228

Median Buena Vista Tax Bill

$1,228

Median Buena Vista County Tax Bill

$1,228

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Buena Vista, Buena Vista County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24416	$712	$932	$1,228	$1,727	$2,338

Source: Ownwell