Property Taxes in Woolwine, Virginia
Median Woolwine, Virginia effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Woolwine, Virginia home value: $88,100
Median annual Woolwine, Virginia tax bill: $643, lower than the national median property tax bill of $2,400.
How are property taxes in Patrick calculated?
Property taxes in Woolwine, 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 Woolwine's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Woolwine, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Woolwine Property Tax Calculator Work?
Use this Woolwine property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Woolwine's median effective tax rate of 0.73% — based on actual property records in Patrick 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 Woolwine'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 Woolwine: rates range from 0.73% in 24185 to 0.73% in 24185, 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 Woolwine.
About Woolwine Property Taxes
About Property Taxes in Woolwine, Patrick, Virginia
Woolwine’s median effective property tax rate of 0.73% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Patrick 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 Woolwine. Homeowners in the 24185 ZIP code carry a median effective rate of 0.73%, while those in the same ZIP code pay 0.73%. This spread reflects how school district boundaries and local assessment districts are drawn across Patrick County. Understanding which part of Woolwine you live in can make a meaningful difference to your annual tax bill.
Woolwine homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 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 Woolwine, Patrick 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 Woolwine'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 Woolwine Tax Rate
0.73%
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 Patrick County Tax Rate
0.73%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Woolwine, Patrick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24185 | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Woolwine, Patrick County, Virginia
When examining property taxes in Woolwine, 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 Patrick County assessment 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 are sent in the spring each year and 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. In Woolwine, the median home price is $88,100, with a median tax bill of $643. The highest median home price is in 24185 at $88,100.
Property Tax Assessment Values Across Woolwine, Patrick County, Virginia
Source: Ownwell
$56,300
$95,425
$134,550
Median Woolwine Market Value
$88,100
Median Patrick County Market Value
$79,700
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Woolwine, Patrick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24185 | $20,130 | $50,825 | $88,100 | $141,025 | $200,180 |
Source: Ownwell
Property Tax Bills Across Woolwine, Patrick County, Virginia
How are property tax bills calculated in Woolwine?
Property tax bills in Woolwine are based on the assessed value of a home and the local tax rate set for Patrick County. When a property’s market value changes, the assessed value can change too, which affects the final bill. For a home with a median price of $88,100, the tax amount is determined by applying the county’s rate to that assessed value.
What factors influence the bill?
Homeowners’ bills can be shaped by property value, local government budgets, and any exemptions or appeals that may reduce taxable value. In Woolwine, the median tax bill is $643, with the 25th percentile at $371 and the 75th percentile at $1,029. The 90th percentile reaches $1,461, showing how bills can vary across homes.
How does this affect homeowners?
A higher assessed value usually means a higher property tax bill, while a lower assessed value can help keep costs down.
Median Woolwine Tax Bill
$643
Median Patrick County Tax Bill
$582
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Woolwine, Patrick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24185 | $147 | $371 | $643 | $1,029 | $1,461 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Patrick Tax Assessor | |
| Website | patcova.interactivegis.com |