Property Taxes in New River, Virginia
Median New River, Virginia effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median New River, Virginia home value: $76,900
Median annual New River, Virginia tax bill: $569, $1,831 lower than the national median property tax bill of $2,400.
How are property taxes in Pulaski calculated?
Property taxes in New River, 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 New River's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New River, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the New River Property Tax Calculator Work?
Use this New River property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies New River's median effective tax rate of 0.74% — based on actual property records in Pulaski County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies New River'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 New River: rates range from 0.74% in 24129 to 0.74% in 24129, 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 New River.
About New River Property Taxes
About Property Taxes in New River, Pulaski, Virginia
New River’s median effective property tax rate of 0.74% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Pulaski 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 New River. Homeowners in the 24129 ZIP code carry a median effective rate of 0.74%, while those in the same ZIP code pay 0.74%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Pulaski County. Understanding which part of New River you live in can make a meaningful difference to your annual tax bill.
New River 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 New River, Pulaski 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 New River'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 ÷ 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 New River Tax Rate
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 Pulaski County Tax Rate
0.74%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across New River, Pulaski County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24129 | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across New River, Pulaski County, Virginia
When examining property taxes in New River, 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 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.
Assessment notices:
In Pulaski 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. 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 New River.
For example, the median home price in New River is $76,900, with tax bills ranging significantly across the county. 24129 has the highest median home price at $76,900.
Property Tax Assessment Values Across New River, Pulaski County, Virginia
Source: Ownwell
$76,900
$158,225
$239,550
Median New River Market Value
$76,900
Median Pulaski County Market Value
$120,700
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across New River, Pulaski County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24129 | $14,500 | $28,900 | $76,900 | $111,850 | $155,240 |
Source: Ownwell
Property Tax Bills Across New River, Pulaski County, Virginia
Property tax bills in New River are based on the assessed value of a home and the local tax rate set for Pulaski County. When a home’s market value changes, the assessed value can change too, which affects the final bill. For a home with a median home price of $76,900, the tax bill can vary widely depending on location, exemptions, and how the property is assessed.
Homeowners in New River may see bills that fall below or above the local median depending on those factors. The 25th percentile tax bill is $214, while the 75th percentile is $828 and the 90th percentile is $1,149. In ZIP code 24129, the median tax bill is $569. That means two similar homes can still receive different bills if their assessed values or tax treatment differ.
Because property taxes are a recurring cost, even small assessment changes can have a noticeable impact on monthly housing expenses and long-term affordability.
Median New River Tax Bill
$569
Median Pulaski County Tax Bill
$887
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across New River, Pulaski County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24129 | $107 | $214 | $569 | $828 | $1,149 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 30 |
Links | |
|---|---|
| Pulaski Tax Assessor | |
| Website | www.pulaskicounty.org |