Glade Spring, Smyth County, Virginia Property Taxes
Median Glade Spring, 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 Glade Spring, VA home value: $109,600
Median annual Glade Spring, VA tax bill: $811, $1,589 lower than the national median property tax bill of $2,400.
How are property taxes in Smyth County calculated?
Property taxes in Glade Spring, 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 Glade Spring’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Glade Spring, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Glade Spring, Smyth County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.74%
Estimate Property Tax Bill
$811
$753
Ownwell’s Glade Spring Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Glade Spring with just two data points.
By entering your property's estimated assessed value, our calculator applies Glade Spring’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 Smyth County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Glade Spring, Smyth County, Virginia
Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates the budget required to provide services and divides it 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 Glade Spring’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. Glade Spring, located in Smyth County, has a property tax rate that is below both the national median property tax rate of 1.02% and the national median property tax bill of $2400. This makes Glade Spring an attractive option for property owners seeking lower tax burdens. Virginia's median property tax rate is also below the national average, which further benefits residents of Glade Spring. By understanding these rates, property owners can better navigate their financial planning and take advantage of potential savings.
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 Glade Spring Tax Rate
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 Smyth County Tax Rate
0.74%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Glade Spring, Smyth County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24340 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Glade Spring, Smyth County, Virginia
When examining property taxes in Glade Spring, 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 Smyth 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 Smyth 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 Glade Spring.
For example, the median home price in Glade Spring is $109,600, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Glade Spring, Smyth County, Virginia
Source: Ownwell
$45,650
$67,325
$89,000
Median Glade Spring Market Value
$109,600
Median Smyth County Market Value
$72,000
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Glade Spring, Smyth County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24340 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Glade Spring, Smyth County, Virginia
In Glade Spring, property tax bills are determined by multiplying the assessed value of a home by the local tax rate in Smyth County. The assessed value is a percentage of the market value of the property. Homeowners in Glade Spring face a median property tax bill significantly lower than the national median of $2,400, with the 75th percentile tax bill at $1,128. Factors influencing the tax bill include changes in the assessed value of the property and any applicable exemptions. These factors can impact how much homeowners pay annually, potentially leading to higher financial burdens if property values increase or exemptions are not applied.
Ownwell assists homeowners by offering property tax appeal services, aiming to reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners contest overvaluations, potentially lowering their tax obligations. With expertise in navigating the appeals process, Ownwell provides a valuable service to those looking to minimize their property tax expenses and ensure they are not overpaying.
Median Glade Spring Tax Bill
$811
Median Smyth County Tax Bill
$522
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Glade Spring, Smyth County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24340 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell