Riner, Floyd County, Virginia Property Taxes

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

Median Riner, VA effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%. Median Riner, VA home value: $148,400. Median annual Riner, VA tax bill: $949, $1,451 lower than the national median property tax bill of $2,400.

How are property taxes in Floyd calculated?

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

Last Updated March 1, 2025

Riner, Floyd County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.65%

Estimate Property Tax Bill

$965

$895

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

Property Tax Rates Across Riner, Floyd 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. Below, you can compare Riner’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. Riner in Floyd County, Virginia, has a median property tax rate of 0.65%, which is notably lower than the national median rate of 1.02%. This means homeowners in Riner typically experience lower property tax bills compared to the national average. The effective property tax rate in Riner is consistent with the highest and lowest rates in the area, both recorded at 0.65%. This uniformity suggests a stable tax environment for property owners. Comparing these figures to the national median property tax bill of $2400, residents in Riner benefit from a more affordable property tax landscape, making it an attractive option for homeowners seeking to minimize their tax burden.

Property Tax Rates Across Riner, Floyd County, Virginia

Source: Ownwell

0.65%

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 Riner Tax Rate

0.65%

Median Effective Floyd County Tax Rate

0.65%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Riner, Floyd County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24149	0.65%	0.65%	0.65%	0.65%	0.65%

Source: Ownwell

Property Tax Assessment Values Across Riner, Floyd County, Virginia

When examining property taxes in Riner, 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 Floyd 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.

In Floyd 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 Riner.

For example, the median home price in Riner is $148,400, with tax bills ranging significantly across the county. Zip code 24149 has the highest median home price at $148,400.

Property Tax Assessment Values Across Riner, Floyd County, Virginia

Source: Ownwell

$96,750

$122,575

$148,400

Median Riner Market Value

$148,400

Median Floyd County Market Value

$126,500

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Riner, Floyd County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24149	$42,890	$99,250	$148,400	$220,600	$299,310

Source: Ownwell

Property Tax Bills Across Riner, Floyd County, Virginia

In Riner, located in Floyd County, VA, property tax bills are calculated based on the assessed value of a home. This value is determined by the local tax assessor and reflects the property's market value. The median home price in Riner is $148,400, which provides a basis for calculating property taxes. Homeowners in this area typically face tax bills ranging from $615 at the 25th percentile to $1,944 at the 90th percentile. Interestingly, the median tax bill is $949, which is below the national median of $2,400, indicating a relatively lower tax burden for residents. However, these taxes can still significantly impact a homeowner's budget. Factors such as property improvements and neighborhood changes can influence the assessed value, thereby affecting the tax bill. Ownwell offers assistance to homeowners by providing property tax appeal and exemption services. By reviewing assessments and identifying potential errors, Ownwell can help reduce tax liabilities, ensuring homeowners pay only their fair share.

Property Tax Bills Across Riner, Floyd County, Virginia

Source: Ownwell

$629

$789

$949

Median Riner Tax Bill

$949

Median Floyd County Tax Bill

$805

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Riner, Floyd County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24149	$231	$615	$949	$1,420	$1,944

Source: Ownwell