Glen Lyn, Giles County, Virginia Property Taxes

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

Median Glen Lyn, VA effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%. Median Glen Lyn, VA home value: $75,100. Median annual Glen Lyn, VA tax bill: $509, $1,891 lower than the national median property tax bill of $2,400.

How are property taxes in Giles County calculated?

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

Last Updated March 1, 2025

Glen Lyn, Giles County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.68%

Estimate Property Tax Bill

$511

$474

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

Property Tax Rates Across Glen Lyn, Giles County, Virginia

Local government entities determine tax rates, and these can differ significantly within a state. This variation stems from each county's annual process of estimating the budget necessary to deliver services and dividing that by the total assessed value of all taxable property in its area. This calculation gives rise to the property tax rate. Though laws and voting play a role in setting these rates and budgets, this is essentially how it works each year. In Glen Lyn, located in Giles County, the effective property tax rate is 0.68%, which aligns with both the highest and lowest median tax rates in the region. This rate is notably lower than Virginia's state median and the national median property tax rate of 1.02%. Compared to the national median property tax bill of $2,400, Glen Lyn's residents benefit from a more favorable property tax environment. This lower rate can make owning property in Glen Lyn particularly appealing for those seeking to minimize their property tax burden.

Property Tax Rates Across Glen Lyn, Giles County, Virginia

Source: Ownwell

0.56%

0.62%

0.68%

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 Glen Lyn Tax Rate

0.68%

Median Effective Giles County Tax Rate

0.68%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Glen Lyn, Giles County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24093	0.67%	0.68%	0.68%	0.68%	0.68%

Source: Ownwell

Property Tax Assessment Values Across Glen Lyn, Giles County, Virginia

When examining property taxes in Glen Lyn, 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 Giles 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.

In Giles 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 Glen Lyn.

For example, the median home price in Glen Lyn is $75,100, with tax bills ranging significantly across the county. The zip code 24093 has the highest median home price at $75,100.

Property Tax Assessment Values Across Glen Lyn, Giles County, Virginia

Source: Ownwell

$60,850

$113,325

$165,800

Median Glen Lyn Market Value

$75,100

Median Giles County Market Value

$99,900

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Glen Lyn, Giles County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24093	$25,500	$43,300	$75,100	$115,500	$142,600

Source: Ownwell

Property Tax Bills Across Glen Lyn, Giles County, Virginia

In Glen Lyn, property tax bills are determined by the assessed value of a home, which is based on the median home price of $75,100. The local tax rate is applied to this assessed value to calculate the annual property tax bill. For homeowners in Glen Lyn, the tax bill varies significantly, with the 25th percentile paying around $274, while those in the 75th percentile pay approximately $783. The 90th percentile tax bill can reach up to $982, which is considerably lower than the national median property tax bill of $2,400. These variations are influenced by factors such as property location, home size, and any applicable exemptions or deductions.

Ownwell assists homeowners in Glen Lyn by identifying potential savings on their property tax bills. Our team of experts reviews property assessments to ensure accuracy and fairness, potentially uncovering over-assessments. By filing appeals and securing exemptions, Ownwell helps reduce the financial burden of property taxes, ensuring homeowners pay only their fair share. This service provides peace of mind and significant savings for homeowners in Giles County.

Property Tax Bills Across Glen Lyn, Giles County, Virginia

Source: Ownwell

$396

$712

$1,027

Median Glen Lyn Tax Bill

$509

Median Giles County Tax Bill

$654

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Glen Lyn, Giles County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24093	$172	$274	$509	$783	$982

Source: Ownwell