Patrick County, Virginia Property Taxes
Property Taxes in Patrick County, Virginia
Median Patrick County effective property tax rate: 0.73%, significantly lower than the national median of 1.02%.
Median Patrick County home value: $79,700
Median annual Patrick County tax bill: $582, lower than the national median property tax bill of $2,400.
How are property taxes in Patrick County calculated?
Property taxes in Patrick County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Patrick County or another part of Patrick County, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Patrick County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.73%
Estimate Property Tax Bill
$582
$540
How Does the Patrick County Property Tax Calculator Work?
Use this Patrick County property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Patrick County's median effective tax rate of 0.73% to generate your estimate.
Enter your property's estimated assessed value — the figure the assessment office assigns for tax purposes, which is typically lower than market value after applicable exemptions. Our calculator uses the median effective rate for a more accurate estimate than the statutory millage rate alone.
Your actual bill may vary based on your specific exemptions, local school district levies, and any special assessment districts that apply to your property. Patrick County’s median tax rate is lower than the Virginia median property tax rate of 0.90% and below the national median property tax rate of 1.02%. The county’s median property tax bill is $582, compared with the national median property tax bill of $2,400.
For a more precise estimate, scroll down to explore city and ZIP code-level tax rate trends across Patrick County.
Property Tax Rates Across Patrick County, Virginia
What Are Effective Property Tax Rates Across Patrick County?
Local government entities set tax rates, which vary widely across Patrick 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 Patrick County's effective property tax rate to other counties in Virginia or the U.S. median of 1.02%.
Patrick County's median effective rate stands at 0.73%, which is lower than the national median of 1.02%. Within Patrick County, the highest rate is found in Ararat at 0.73%, while Ararat has the lowest at 0.73%.
These variations reflect differences in local school district levies, special assessment districts assessments, and special district bonds — which compound the base county rate.
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 Patrick County Tax Rate
0.73%
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 Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Patrick County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ararat | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Bassett | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Claudville | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Critz | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Fancy Gap | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Ferrum | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Floyd | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Hillsville | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Meadows Of Dan | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Patrick Springs | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Spencer | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Stuart | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Woolwine | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Cana | N/A | N/A | N/A | N/A | N/A |
| Vesta | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Patrick County, Virginia
When examining property taxes in Patrick County, 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 Patrick 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.
Assessment notices:
In Patrick County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of May.
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 Patrick County.
For example, the median tax bill in Patrick County is $582, compared with the national median property tax bill of $2,400. FANCY GAP has the highest median home price at $134,550.
Median Patrick County Market Value
$79,700
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Patrick County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ararat | $19,490 | $41,350 | $75,950 | $119,775 | $179,290 |
| Bassett | $12,300 | $32,150 | $77,000 | $116,350 | $174,220 |
| Claudville | $18,430 | $37,550 | $74,400 | $123,625 | $195,000 |
| Critz | $22,300 | $43,925 | $84,450 | $130,950 | $180,680 |
| Fancy Gap | $93,260 | $115,400 | $134,550 | $171,375 | $229,120 |
| Ferrum | $11,220 | $20,600 | $56,300 | $117,200 | $182,040 |
| Floyd | $50,360 | $66,200 | $91,900 | $147,400 | $229,680 |
| Hillsville | $57,600 | $63,100 | $101,300 | $154,650 | $228,560 |
| Meadows Of Dan | $26,790 | $57,225 | $100,550 | $150,975 | $240,430 |
| Patrick Springs | $16,400 | $42,100 | $73,300 | $113,500 | $166,240 |
| Spencer | $21,760 | $42,675 | $77,200 | $118,375 | $162,740 |
| Stuart | $18,600 | $41,000 | $76,700 | $125,800 | $183,780 |
| Woolwine | $20,130 | $50,825 | $88,100 | $141,025 | $200,180 |
| Cana | N/A | N/A | N/A | N/A | N/A |
| Vesta | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Patrick County, Virginia
Property tax bills in Patrick County are based on the assessed value of a home and the local tax rate. The county determines how much a property is worth for tax purposes, then applies the tax rate to that assessed value to calculate the bill. Homes with higher assessed values generally face higher tax bills, while lower-valued homes usually owe less.
In Patrick County, the median home price is $79,700, which helps explain why many property tax bills are relatively modest compared with the national median property tax bill of $2,400. The 25th percentile tax bill is $315, the 75th percentile is $937, and the 90th percentile reaches $1,388. Bills can vary by location within the county, with the highest median tax bill in Fancy Gap at $982.00 and the lowest in Ferrum at $411.00.
For homeowners, this means property taxes can change when assessed values change, affecting annual housing costs.
Median Patrick County Tax Bill
$582
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Patrick County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ararat | $142 | $302 | $554 | $874 | $1,309 |
| Bassett | $90 | $235 | $562 | $849 | $1,272 |
| Claudville | $135 | $274 | $543 | $902 | $1,424 |
| Critz | $163 | $321 | $616 | $956 | $1,319 |
| Fancy Gap | $681 | $842 | $982 | $1,251 | $1,673 |
| Ferrum | $82 | $150 | $411 | $856 | $1,329 |
| Floyd | $368 | $483 | $671 | $1,076 | $1,677 |
| Hillsville | $420 | $461 | $739 | $1,129 | $1,668 |
| Meadows Of Dan | $196 | $418 | $734 | $1,102 | $1,755 |
| Patrick Springs | $120 | $307 | $535 | $829 | $1,214 |
| Spencer | $159 | $312 | $564 | $864 | $1,188 |
| Stuart | $136 | $299 | $560 | $918 | $1,342 |
| Woolwine | $147 | $371 | $643 | $1,029 | $1,461 |
| Cana | N/A | N/A | N/A | N/A | N/A |
| Vesta | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Patrick Tax Assessor | |
| Website | patcova.interactivegis.com |