Nickelsville, Scott County, Virginia Property Taxes

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

Median Nickelsville, 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 Nickelsville, VA home value: $104,000
Median annual Nickelsville, VA tax bill: $805, $1,595 lower than the national median property tax bill of $2,400.

How are property taxes in Scott calculated?

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

Last Updated March 1, 2025

Nickelsville, Scott County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.77%

Estimate Property Tax Bill

$805

$747

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

Property Tax Rates Across Nickelsville, Scott County, Virginia

Local government entities set tax rates, which can vary widely within a state. This variability arises because each county annually 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 Nickelsville’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. Nickelsville, located in Scott County, has a median property tax rate of 0.77%. This is below the national median property tax rate of 1.02%, offering property owners a more favorable tax environment compared to other parts of the country. In fact, Nickelsville shares the same tax rate as the highest and lowest median tax rates within its zip code, making it a consistent option for property owners. This consistency can be appealing to those looking to understand their property tax obligations better and manage their financial planning effectively.

Property Tax Rates Across Nickelsville, Scott County, Virginia

Source: Ownwell

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 Nickelsville Tax Rate

0.77%

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 Nickelsville, Scott County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24271	0.77%	0.77%	0.77%	0.77%	0.77%

Source: Ownwell

Property Tax Assessment Values Across Nickelsville, Scott County, Virginia

When examining property taxes in Nickelsville, 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 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 Nickelsville.

For example, the median home price in Nickelsville is $104,000, with tax bills ranging significantly across the county. 24271 has the highest median home price at $104,000.

Property Tax Assessment Values Across Nickelsville, Scott County, Virginia

Source: Ownwell

$52,550

$84,075

$115,600

Median Nickelsville Market Value

$104,500

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 Nickelsville, Scott County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24271	$31,320	$64,550	$104,500	$158,100	$229,740

Source: Ownwell

Property Tax Bills Across Nickelsville, Scott County, Virginia

In Nickelsville, Scott County, VA, property tax bills are determined by the assessed value of a home, which is then multiplied by the local tax rate. The median home price in the area is $104,000, with the tax bill ranging from $495 at the 25th percentile to $1,774 at the 90th percentile. The median tax bill is $805, which is below the national median of $2,400, reflecting a more affordable property tax environment. Homeowners in Nickelsville may find their tax bills influenced by factors such as property improvements, neighborhood developments, and changes in local tax rates. These factors can cause tax bills to fluctuate, impacting homeowners' budgets.

Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By leveraging expert knowledge and local market insights, Ownwell can help homeowners ensure their properties are fairly assessed, potentially reducing their tax burden. This service not only provides financial relief but also peace of mind, knowing that property taxes are being managed effectively.

Property Tax Bills Across Nickelsville, Scott County, Virginia

Source: Ownwell

$395

$639

$882

Median Nickelsville Tax Bill

$779

Median Scott County Tax Bill

$722

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Nickelsville, Scott County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24271	$223	$472	$779	$1,208	$1,756

Source: Ownwell