New River, Pulaski County, Virginia Property Taxes

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

Median New River, 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 New River, VA home value: $76,300
Median annual New River, VA tax bill: $565, $1,835 lower than the national median property tax bill of $2,400.

How are property taxes in Pulaski calculated?

Property taxes in New River, 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 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 March 1, 2025

New River, 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

$565

$524

Ownwell’s New River Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New River with just two data points. By entering your property's estimated assessed value, our calculator applies New River’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 New River, Pulaski County, Virginia

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

In New River, Pulaski County, VA, the effective property tax rate is 0.74%. This is lower than the national median property tax rate of 1.02%. When compared to other cities in Virginia, New River's tax rate is relatively consistent, reflecting the county's approach to balancing its budgetary needs with the tax burden on property owners. The median property tax bill in New River is also likely to be lower than the national median of $2400, given the lower tax rate. This can be an attractive factor for potential property buyers or current owners considering an appeal. Understanding these rates is crucial for homeowners looking to manage their property tax liabilities effectively.

Property Tax Rates Across New River, 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 New River Tax Rate

0.74%

Median Effective Pulaski County Tax Rate

0.74%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

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, 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 New River. For example, the median home price in New River is $76,300, with tax bills ranging significantly across the county. Zip code 24129 has the highest median home price at $76,300.

Property Tax Assessment Values Across New River, Pulaski County, Virginia

Source: Ownwell

$76,300

$157,700

$239,100

Median New River Market Value

$76,300

Median Pulaski County Market Value

$120,000

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across New River, Pulaski County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24129	$18,800	$28,900	$76,300	$113,000	$155,600

Source: Ownwell

Property Tax Bills Across New River, Pulaski County, Virginia

In New River, Pulaski County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price is $76,300, and the tax bill varies significantly depending on the property's value. Homeowners in the 25th percentile pay around $205, while those in the 75th percentile face bills up to $828. At the 90th percentile, the tax bill rises to $1,151. These figures highlight the variation in tax burdens across different property values. Compared to the national median property tax rate of 1.02%, Pulaski County offers a relatively affordable tax environment. However, even within this context, homeowners can benefit from ensuring their assessments are fair. Ownwell provides expert property tax appeal services to help homeowners potentially lower their tax bills. By analyzing assessments and market values, Ownwell identifies opportunities for savings, ensuring homeowners are not overpaying on their property taxes. This service can lead to significant financial relief, especially for those with higher tax assessments.

Property Tax Bills Across New River, Pulaski County, Virginia

Source: Ownwell

$565

$1,163

$1,760

Median New River Tax Bill

$565

Median Pulaski County Tax Bill

$883

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across New River, Pulaski County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24129	$105	$205	$565	$828	$1,151

Source: Ownwell