Radford County, Virginia Property Taxes

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

Median Radford County effective property tax rate: 0.84%, significantly lower than the national median of 1.02%.
Median Radford County home value: $97,800
Median annual Radford County tax bill: $822, $1,578 lower than the national median property tax bill of $2,400.

How are property taxes in Radford County calculated?

Property taxes in Radford 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 Radford City or another part of Radford County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Radford County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.84%

Estimate Property Tax Bill

$822

$762

Ownwell’s Radford County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Radford County with just two data points. By entering your property's estimated assessed value, our calculator applies Radford County’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 more 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 Radford County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Radford 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 Radford County's effective property tax rate to other counties in Virginia or the U.S. median property tax rate.

Property Tax Rates Across Radford County, Virginia

Source: Ownwell

0.84%

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 Radford County Tax Rate

0.84%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Radford County, Virginia

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Radford	0.84%	0.84%	0.84%	0.84%	0.84%

Source: Ownwell

Property Tax Assessment Values Across Radford County, Virginia

When examining property taxes in Radford 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 Radford 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 Radford 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 Radford County. For example, the median tax bill in Radford County is $822, with tax bills ranging significantly across the county. Radford has the highest median home price at $97,800.

Property Tax Assessment Values Across Radford County, Virginia

Source: Ownwell

$97,800

Median Radford County Market Value

$97,800

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Radford County, Virginia

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Radford	$75,600	$85,400	$97,800	$104,950	$131,000

Source: Ownwell

Property Tax Bills Across Radford County, Virginia

In Radford County, VA, property tax bills are influenced by several factors, primarily the assessed value of a home and the local tax rate. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Radford County can expect a median tax bill of $822, which is significantly lower than the national median property tax bill of $2,400. This indicates a relatively affordable tax burden for Radford homeowners compared to the national average. For those in the 25th percentile, the tax bill is approximately $717, while it rises to around $882 for those in the 75th percentile. At the 90th percentile, homeowners might see a tax bill of up to $1,100. These figures suggest that while Radford County offers a more economical property tax environment, the exact amount owed can vary based on the property's assessed value and the specific percentile bracket in which it falls. This system ensures that property taxes are proportionate to property values, affecting homeowners differently based on their property's worth.

Property Tax Bills Across Radford County, Virginia

Source: Ownwell

$822

Median Radford County Tax Bill

$822

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Radford County, Virginia

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Radford	$635	$717	$822	$882	$1,100

Source: Ownwell