Property Taxes in Norton, Virginia
Median Norton, Virginia effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Norton, Virginia home value: $87,200
Median annual Norton, Virginia tax bill: $786, $1,614 lower than the national median property tax bill of $2,400.
How are property taxes in Norton calculated?
Property taxes in Norton, 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 Norton's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Norton, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Norton Property Tax Calculator Work?
Use this Norton property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Norton’s median effective tax rate of 0.90% — based on actual property records in Norton 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 Norton’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 Norton: rates range from 0.90% in 24273 to 0.90% in 24273, 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 Norton.
About Norton Property Taxes
About Property Taxes in Norton, Norton, Virginia
Norton’s median effective property tax rate of 0.90% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Norton 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 Norton. Homeowners in the 24273 ZIP code carry a median effective rate of 0.90%, while those in the same ZIP code pay 0.90%. This spread reflects how school district boundaries and local assessment districts are drawn across Norton County. Understanding which part of Norton you live in can make a meaningful difference to your annual tax bill.
Norton homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before June 1, 2026.
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 Norton, Norton 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 Norton’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 Norton Tax Rate
0.90%
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 Norton County Tax Rate
0.90%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Norton, Norton County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24273 | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Norton, Norton County, Virginia
When examining property taxes in Norton, 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 Norton County tax office 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 Norton County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Norton is $87,200, with tax bills ranging significantly across the county. Zip code 24273 has the highest median home price at $87,200.
Property Tax Assessment Values Across Norton, Norton County, Virginia
Source: Ownwell
$87,200
$87,200
$87,200
Median Norton Market Value
$87,200
Median Norton County Market Value
$87,200
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Norton, Norton County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24273 | $30,100 | $54,700 | $87,200 | $149,350 | $251,920 |
Source: Ownwell
Property Tax Bills Across Norton, Norton County, Virginia
How are property tax bills calculated in Norton?
Property tax bills in Norton are based on the assessed value of a home and the local tax rate set by the taxing authorities. The assessed value is compared with the market value of the property, and that figure is used to determine how much tax a homeowner owes. For a home with a median home price of $87,200, the bill can vary depending on the property’s assessed value and the applicable rate.
What factors affect the bill?
Location, property characteristics, and local tax rates all play a role in the final amount. In Norton, the 25th percentile tax bill is $493, the 75th percentile tax bill is $1,346, and the 90th percentile tax bill is $2,267. The median tax bill is $786, which is well below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
How does this affect homeowners?
Because tax bills are tied to assessed value, homeowners with higher-valued properties or higher local rates may pay more.
Median Norton Tax Bill
$786
Median Norton County Tax Bill
$786
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Norton, Norton County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24273 | $272 | $493 | $786 | $1,346 | $2,267 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 15 |
Links | |
|---|---|
| Norton Tax Assessor | |
| Website | nortonva.interactivegis.com |