Property Taxes in Mc Dowell, Virginia
Median Mc Dowell, Virginia effective property tax rate: 0.44%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Mc Dowell, Virginia home value: $232,450
Median annual Mc Dowell, Virginia tax bill: $1,023, $1,377 lower than the national median property tax bill of $2,400.
How are property taxes in Highland calculated?
Property taxes in Mc Dowell, 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 Mc Dowell's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mc Dowell, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Mc Dowell Property Tax Calculator Work?
Use this Mc Dowell property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Mc Dowell's median effective tax rate of 0.44% — based on actual property records in Highland County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Mc Dowell'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 Mc Dowell: rates range from 0.44% in 24458 to 0.44% in 24458, 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 Mc Dowell.
About Mc Dowell Property Taxes
About Property Taxes in Mc Dowell, Highland, Virginia
Mc Dowell's median effective property tax rate of 0.44% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Highland 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 Mc Dowell. Homeowners in the 24458 ZIP code carry a median effective rate of 0.44%, while those in the same ZIP code pay 0.44%. This spread reflects how school district boundaries and local assessment districts are drawn across Highland County. Understanding which part of Mc Dowell you live in can make a meaningful difference to your annual tax bill.
Mc Dowell homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the May 15, 2024 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 Mc Dowell, Highland 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 Mc Dowell'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 ÷ 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 Mc Dowell Tax Rate
0.44%
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
0.44%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Mc Dowell, Highland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24458 | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Mc Dowell, Highland County, Virginia
When examining property taxes in Mc Dowell, 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. Highland County 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 Highland County, assessment notices are sent in the spring each year. They'll 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 Mc Dowell is $232,450, with a median tax bill of $1,023. The highest median home price is in 24458 at $232,450.
Property Tax Assessment Values Across Mc Dowell, Highland County, Virginia
Source: Ownwell
$170,100
$201,275
$232,450
Median Mc Dowell Market Value
$232,450
Median Highland County Market Value
$214,000
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Mc Dowell, Highland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24458 | $70,710 | $128,250 | $232,450 | $408,250 | $707,160 |
Source: Ownwell
Property Tax Bills Across Mc Dowell, Highland County, Virginia
Property tax bills in Mc Dowell are based on the assessed value of a home and the local tax rate set for Highland County. When a property is valued, that assessment is used to calculate how much the homeowner owes each year. The bill is shaped by the home’s market value, local taxing decisions, and any exemptions or appeals that may reduce the taxable amount.
For many homeowners, this means the tax bill can change as home values change. With a median home price of $232,450, the typical tax burden in the area can still vary widely, from $564 at the 25th percentile to $1,796 at the 75th percentile. The highest median tax bill in the area is $1,023 in ZIP code 24458.
Compared with the national median property tax rate of 1.02% and national median bill of $2,400, local homeowners often see different results depending on how their property is assessed.
Median Mc Dowell Tax Bill
$1,023
Median Highland County Tax Bill
$943
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Mc Dowell, Highland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24458 | $311 | $564 | $1,023 | $1,796 | $3,112 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
Links | |
|---|---|
| Highland Tax Assessor | |
| Website | www.webgis.net |