Martinsville County, Virginia Property Taxes

What Are Effective Property Tax Rates Across Martinsville County?

Local government entities set tax rates, which vary widely across Martinsville County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.

Below, compare Martinsville County's effective property tax rate to other counties in Virginia or the U.S. median of 1.02%.

Martinsville County's median effective rate stands at 0.99%, which is lower than the national median of 1.02%. Within Martinsville County, the highest rate is found in Martinsville at 0.99%, while Martinsville has the lowest at 0.99%.

These variations reflect differences in local school district levies, special assessment districts assessments, and special district bonds — which compound the base county rate.

Property tax bills in Martinsville are based on the assessed value of a home and the local tax rate. The assessed value is the starting point for determining how much a homeowner owes, and local taxing authorities use that value to calculate the annual bill. When a home’s market value changes, the assessed value can change too, which can raise or lower the tax bill.

For Martinsville homeowners, the median home price is $54,850, and the median property tax bill is $527. That is well below the national median property tax bill of $2,400, showing how local assessments and tax rates can keep bills relatively modest. Still, bills can vary widely from one home to another. The 25th percentile tax bill is $302, while the 75th percentile is $894, and the 90th percentile reaches $1,727. These differences affect monthly housing costs and can make a meaningful difference for homeowners budgeting for taxes each year.