Property Taxes in Saltville, Virginia
Median Saltville, Virginia effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Saltville, Virginia home value: $74,200
Median annual Saltville, Virginia tax bill: $418, $1,982 lower than the national median property tax bill of $2,400.
How are property taxes in Smyth calculated?
Property taxes in Saltville, 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 Saltville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Saltville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the SalTVille Property Tax Calculator Work?
Use this SalTVille property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies SalTVille's median effective tax rate of 0.59% — based on actual property records in Smyth County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies SalTVille'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 SalTVille: rates are 0.59% in 24370, 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 SalTVille.
About Saltville Property Taxes
About Property Taxes in Saltville, Smyth, Virginia
Saltville’s median effective property tax rate of 0.59% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Smyth 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 Saltville. Homeowners in the 24370 ZIP code carry a median effective rate of 0.59%, while those in 24370 pay 0.59%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Smyth County. Understanding which part of Saltville you live in can make a meaningful difference to your annual tax bill.
Saltville homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the January 1, 2025 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 Saltville, Smyth 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 Saltville's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
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 Saltville Tax Rate
0.59%
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
0.59%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Saltville, Smyth County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24370 | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Saltville, Smyth County, Virginia
When examining property taxes in Saltville, 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 Smyth County assessment office 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 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 Smyth 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. For Saltville, the median home price is $74,200, with tax bills ranging significantly across the county. ZIP code 24370 has the highest median home price at $74,200.
Property Tax Assessment Values Across Saltville, Smyth County, Virginia
Source: Ownwell
$74,200
$103,300
$132,400
Median Saltville Market Value
$74,200
Median Smyth County Market Value
$109,200
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Saltville, Smyth County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24370 | $14,500 | $40,050 | $74,200 | $126,650 | $185,780 |
Source: Ownwell
Property Tax Bills Across Saltville, Smyth County, Virginia
Saltville property tax bills are based on the assessed value of a home, not its market price, and the local tax rate applied to that value. When a property is reassessed, the bill can change if the assessed value rises or falls. Factors such as location, home characteristics, and local taxing decisions all play a role in the final amount.
For homeowners in Saltville, the median home price is $74,200, which helps explain why tax bills are generally modest compared with the national median property tax bill of $2,400. The median tax bill in the area is $418.00, and the same figure appears as both the highest and lowest median tax bill in ZIP code 24370.
Property taxes affect monthly housing costs and can influence long-term affordability. Even a small change in assessed value or the tax rate can shift what a homeowner owes each year.
Median Saltville Tax Bill
$418
Median Smyth County Tax Bill
$634
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Saltville, Smyth County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24370 | $80 | $223 | $418 | $739 | $1,081 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | January 1 |
Links | |
|---|---|
| Smyth Tax Assessor | |
| Website | gis.vgsi.com |