Bristol, Scott County, Virginia Property Taxes
Median BRISTOL, VA effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median BRISTOL, VA home value: $114,600
Median annual BRISTOL, VA tax bill: $885, $1,515 lower than the national median property tax bill of $2,400.
How are property taxes in Scott calculated?
Property taxes in BRISTOL, 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 BRISTOL’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in BRISTOL, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bristol, Scott County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.77%
Estimate Property Tax Bill
$883
$820
Property Tax Rates Across Bristol, Scott County, Virginia
Local government entities are responsible for setting property tax rates, which can vary significantly across different regions. The process involves counties estimating their required budget to provide essential services and dividing that amount by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate for the area. Although votes and legislation play a role in setting these rates and budgets, this is the fundamental annual process.
In Bristol, located in the county of Scott, the effective property tax rate is 0.77%. This rate is notably lower than the national median property tax rate of 1.02%. When compared to other cities in Virginia, Bristol's tax rate stands out as particularly low, aligning with the lowest median tax rate within the state. This makes Bristol an attractive location for property owners who are looking to benefit from lower property taxes. Understanding these rates is crucial for property owners, as it directly impacts their annual financial obligations and the affordability of owning property in the region.
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 Bristol Tax Rate
0.77%
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 Scott County Tax Rate
0.77%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bristol, Scott County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24202 | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Bristol, Scott County, Virginia
When examining property taxes in Bristol, 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 Scott 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 Scott 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 Bristol. For example, the median home price in Bristol is $114,600, with tax bills ranging significantly across the county. Zip code 24202 has the highest median home price at $114,700.
Property Tax Assessment Values Across Bristol, Scott County, Virginia
Source: Ownwell
$52,550
$84,075
$115,600
Median Bristol Market Value
$114,700
Median Scott County Market Value
$96,100
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bristol, Scott County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24202 | $35,460 | $74,800 | $115,100 | $165,500 | $223,600 |
Source: Ownwell
Property Tax Bills Across Bristol, Scott County, Virginia
In Bristol, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Bristol face a median property tax bill of $888, which is significantly lower than the national median of $2,400. The property tax rates in Bristol can vary, with the 25th percentile tax bill at $546 and the 75th percentile reaching $1,265, indicating a range influenced by property value and local tax rates.
Homeowners may find these costs burdensome, particularly if their property is assessed at the higher end of the spectrum. This is where Ownwell comes in, offering expert property tax appeal and exemption services to help reduce tax burdens. By identifying discrepancies in property assessments and advocating for fair valuations, Ownwell can assist homeowners in potentially lowering their tax bills, providing much-needed financial relief.
Median Bristol Tax Bill
$873
Median Scott County Tax Bill
$722
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Bristol, Scott County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24202 | $257 | $533 | $882 | $1,248 | $1,677 |
Source: Ownwell