Head Waters, Highland County, Virginia Property Taxes
Median Head Waters, VA effective property tax rate: 0.48%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Head Waters, VA home value: $151,500
Median annual Head Waters, VA tax bill: $727, $1,673 lower than the national median property tax bill of $2,400.
How are property taxes in Highland calculated?
Property taxes in Head Waters, 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 Head Waters’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Head Waters, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Head Waters, Highland County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.48%
Estimate Property Tax Bill
$727
$675
Property Tax Rates Across Head Waters, Highland County, Virginia
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 Head Waters’ effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
In Head Waters, situated in Highland County, the property tax rate is significantly lower than the national median of 1.02%. This lower rate can result in a smaller property tax bill compared to the national median, offering potential savings for property owners in the area. Understanding these differences is crucial for homeowners looking to manage their expenses effectively. By appealing property tax assessments or seeking exemptions, property owners can further optimize their tax liabilities. This proactive approach can lead to substantial savings, especially in regions with varying tax rates.
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 Head Waters Tax Rate
0.48%
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 Highland County Tax Rate
0.48%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Head Waters, Highland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24442 | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Head Waters, Highland County, Virginia
When examining property taxes in Head Waters, 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 Highland 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 Highland 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 Head Waters.
For example, the median home price in Head Waters is $151,500, with tax bills ranging significantly across the county. Zip code 24442 has the highest median home price at $151,500.
Property Tax Assessment Values Across Head Waters, Highland County, Virginia
Source: Ownwell
$131,400
$155,600
$179,800
Median Head Waters Market Value
$151,500
Median Highland County Market Value
$166,600
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Head Waters, Highland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24442 | $26,600 | $56,450 | $151,500 | $272,050 | $464,820 |
Source: Ownwell
Property Tax Bills Across Head Waters, Highland County, Virginia
Median Head Waters Tax Bill
$727
Median Highland County Tax Bill
$799
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Head Waters, Highland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24442 | $128 | $271 | $727 | $1,306 | $2,231 |
Source: Ownwell