Buchanan, Rockbridge County, Virginia Property Taxes

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Property Taxes in Buchanan, Virginia

Median Buchanan, Virginia effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Buchanan, Virginia home value: $175,900
Median annual Buchanan, Virginia tax bill: $1,073, lower than the national median property tax bill of $2,400.

How are property taxes in Rockbridge calculated?

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

Last Updated April 13, 2026

Buchanan, Rockbridge County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.61%

Estimate Property Tax Bill

$1,073

$996

How Does the Buchanan Property Tax Calculator Work?

Use this Buchanan property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Buchanan's median effective tax rate of 0.61% — based on actual property records in Rockbridge 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 Buchanan'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 Buchanan: rates range from 0.61% in 24066 to 0.61% in 24066, 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 Buchanan.

About Buchanan Property Taxes

About Property Taxes in Buchanan, Rockbridge, Virginia

Buchanan's median effective property tax rate of 0.61% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Rockbridge 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 Buchanan. Homeowners in the 24066 ZIP code carry a median effective rate of 0.61%, while those in the lowest ZIP code pay 0.61%. This spread reflects how school district boundaries and local assessment districts are drawn across Rockbridge County. Understanding which part of Buchanan you live in can make a meaningful difference to your annual tax bill.

Buchanan homeowners who believe their assessed value is too high can file a formal appeal with the 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 Buchanan, Rockbridge 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 Buchanan's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.

Property Tax Rates Across Buchanan, Rockbridge County, Virginia

Source: Ownwell

0.56%

0.59%

0.61%

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 Buchanan Tax Rate

0.61%

Median Effective Rockbridge County Tax Rate

0.61%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Buchanan, Rockbridge County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24066	0.61%	0.61%	0.61%	0.61%	0.61%

Source: Ownwell

Property Tax Assessment Values Across Buchanan, Rockbridge County, Virginia

When examining property taxes in Buchanan, 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 Rockbridge County 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 Rockbridge 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 Buchanan.

For example, the median home price in Buchanan is $175,900, with tax bills ranging significantly across the county. 24066 has the highest median home price at $175900.

Property Tax Assessment Values Across Buchanan, Rockbridge County, Virginia

Source: Ownwell

$123,400

$252,550

$381,700

Median Buchanan Market Value

$175,900

Median Rockbridge County Market Value

$223,900

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Buchanan, Rockbridge County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24066	$75,940	$149,100	$175,900	$206,500	$333,980

Source: Ownwell

Property Tax Bills Across Buchanan, Rockbridge County, Virginia

Property tax bills in Buchanan are calculated by applying the local tax rate to a home’s assessed value, which is based on its market value. For a home with a median market value of $175,900, the final bill can vary depending on the assessment and any exemptions or adjustments that apply. The amount homeowners owe is shaped by how the property is valued and the tax rate set for the area, so two homes with different market values may receive very different bills.

For many homeowners, the property tax bill is one of the largest recurring housing costs. In Buchanan, the 25th percentile bill is $910, the 75th percentile bill is $1,260, and the 90th percentile bill is $2,037. The median tax bill in ZIP code 24066 is $1,073, showing how property taxes can affect household budgets even when home values are relatively moderate.

Property Tax Bills Across Buchanan, Rockbridge County, Virginia

Source: Ownwell

$688

$1,164

$1,639

Median Buchanan Tax Bill

$1,073

Median Rockbridge County Tax Bill

$1,269

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Buchanan, Rockbridge County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24066	$463	$910	$1,073	$1,260	$2,037

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	December 15

Links
Rockbridge Tax Assessor
Website	eservices.rockbridgecountyva.gov

Frequently Asked Property Tax Questions in Buchanan, Virginia

How are property taxes calculated in Buchanan, Virginia?

Property taxes in Buchanan, Virginia are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Buchanan, Virginia?

To appeal your property taxes in Buchanan, Virginia, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Buchanan, Virginia?

Common property tax exemptions in Buchanan, Virginia include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Buchanan, Virginia?

Property tax deadlines in Buchanan, Virginia vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Buchanan, Virginia?

Ownwell provides professional property tax appeal services in Buchanan, Virginia. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.