Hiwassee, Pulaski County, Virginia Property Taxes

Name: Property Tax Bills Across Hiwassee, Pulaski County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median HIWASSEE, VA effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median HIWASSEE, VA home value: $110,800
Median annual HIWASSEE, VA tax bill: $808, $1,592 lower than the national median property tax bill of $2,400.

How are property taxes in Pulaski calculated?

Property taxes in HIWASSEE, VA 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 HIWASSEE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in HIWASSEE, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hiwassee, Pulaski County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.74%

Estimate Property Tax Bill

$820

$761

Ownwell’s Hiwassee Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hiwassee with just two data points. By entering your property's estimated assessed value, our calculator applies Hiwassee’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Pulaski County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Hiwassee, Pulaski County, Virginia

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Hiwassee, located in Pulaski County, Virginia, the effective property tax rate is a reflection of this process. The county's property tax rate aligns with the median tax rate for Virginia, offering a more affordable option compared to the national median property tax rate of 1.02%. This makes Hiwassee an attractive location for property owners seeking lower property tax rates.

By comparing Hiwassee’s effective property tax rate to other cities in Virginia and the U.S., property owners can make informed decisions. Understanding these rates helps homeowners anticipate their tax obligations and better manage their finances.

Property Tax Rates Across Hiwassee, Pulaski County, Virginia

Source: Ownwell

0.74%

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 Hiwassee Tax Rate

0.74%

Median Effective Pulaski County Tax Rate

0.74%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hiwassee, Pulaski County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24347	0.74%	0.74%	0.74%	0.74%	0.74%

Source: Ownwell

Property Tax Assessment Values Across Hiwassee, Pulaski County, Virginia

When examining property taxes in HIWASSEE, VA, 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 Pulaski County appraisal district 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.

In Pulaski County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 HIWASSEE.

For example, the median home price in HIWASSEE is $110,800, with tax bills ranging significantly across the county. Zip code 24347 has the highest median home price at $110,800.

Property Tax Assessment Values Across Hiwassee, Pulaski County, Virginia

Source: Ownwell

$76,900

$158,225

$239,550

Median Hiwassee Market Value

$110,800

Median Pulaski County Market Value

$120,700

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hiwassee, Pulaski County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24347	$25,880	$53,550	$110,800	$171,250	$281,540

Source: Ownwell

Property Tax Bills Across Hiwassee, Pulaski County, Virginia

In Hiwassee, Pulaski County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. Homeowners in this region face a median property tax bill of $808, significantly lower than the national median of $2,400. The process involves multiplying the assessed value by the local tax rate, which can vary from year to year. Factors such as property size, location, and market trends influence the assessed value. While the 25th percentile of tax bills is $388, the 75th percentile is $1,259, and the 90th percentile reaches $2,076, indicating a range of tax burdens among homeowners. This disparity can affect household budgets, making it essential for homeowners to ensure their tax assessments are accurate. Ownwell assists homeowners by reviewing their property assessments and identifying potential overvaluations. Through expert analysis and appeals, Ownwell can help reduce property tax bills, ensuring homeowners only pay their fair share and potentially saving them hundreds of dollars annually.

Property Tax Bills Across Hiwassee, Pulaski County, Virginia

Source: Ownwell

$569

$1,167

$1,764

Median Hiwassee Tax Bill

$809

Median Pulaski County Tax Bill

$887

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Hiwassee, Pulaski County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24347	$184	$383	$809	$1,267	$2,083

Source: Ownwell