Property Taxes in Willis, Virginia
Median Willis, Virginia effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Willis, Virginia home value: $114,000
Median annual Willis, Virginia tax bill: $749, $1,651 lower than the national median property tax bill of $2,400.
How are property taxes in Floyd calculated?
Property taxes in Willis, 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 Willis's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Willis, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Willis Property Tax Calculator Work?
Use this Willis property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Willis's median effective tax rate of 0.67% — based on actual property records in Floyd County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessor uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Willis'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 Willis: rates range from 0.67% in 24380 to 0.67% in 24380, 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 Willis.
About Willis Property Taxes
About Property Taxes in Willis, Floyd, Virginia
Willis’s median effective property tax rate of 0.67% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Floyd 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 Willis. Homeowners in the 24380 ZIP code carry a median effective rate of 0.67%, while those in 24380 pay 0.67%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Floyd County. Understanding which part of Willis you live in can make a meaningful difference to your annual tax bill.
Willis homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the March 31, 2025 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 Willis, Floyd 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 Willis'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 Ă· 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 Willis Tax Rate
0.67%
Our median effective property tax rate (tax bill Ă· 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 Floyd County Tax Rate
0.67%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Willis, Floyd County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24380 | 0.67% | 0.67% | 0.67% | 0.67% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Willis, Floyd County, Virginia
When examining property taxes in Willis, 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 Floyd County assessor 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 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 Willis is $114,000, with a median tax bill of $749. The highest median home price is in 24380, also at $114,000.
Property Tax Assessment Values Across Willis, Floyd County, Virginia
Source: Ownwell
$95,100
$121,950
$148,800
Median Willis Market Value
$114,000
Median Floyd County Market Value
$128,100
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Willis, Floyd County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24380 | $28,200 | $67,050 | $114,000 | $171,000 | $234,500 |
Source: Ownwell
Property Tax Bills Across Willis, Floyd County, Virginia
Willis property tax bills are calculated by multiplying the assessed value of a home by the local tax rate set for Floyd County and the city. The assessed value is based on the market value of the property, so changes in home prices can affect what homeowners owe each year. For a home with a median price of $114,000, the tax bill can vary depending on the exact assessment and any local exemptions that apply.
Property taxes help fund local services, so homeowners with higher assessed values generally pay more. In Willis, the 25th percentile tax bill is $427, the 75th percentile is $1,132, and the 90th percentile is $1,565. The median tax bill in ZIP code 24380 is $749, which is well below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%. That means many homeowners in Willis pay relatively modest property taxes, but a higher assessment can still raise the bill significantly.
Median Willis Tax Bill
$749
Median Floyd County Tax Bill
$842
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Willis, Floyd County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24380 | $180 | $427 | $749 | $1,132 | $1,565 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 31 |
Links | |
|---|---|
| Floyd Tax Assessor | |
| Website | floyd.cama.concisesystems.com |