Sugar Grove, Smyth County, Virginia Property Taxes

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

Median Sugar Grove, 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 Sugar Grove, VA home value: $54,500
Median annual Sugar Grove, VA tax bill: $384, $2,016 lower than the national median property tax bill of $2,400.

How are property taxes in Smyth calculated?

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

Last Updated March 1, 2025

Sugar Grove, Smyth County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.59%

Estimate Property Tax Bill

$474

$440

Ownwell’s Sugar Grove Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sugar Grove with just two data points. By entering your property's estimated assessed value, our calculator applies Sugar Grove’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 Sugar Grove, Smyth County, Virginia

Local government entities set tax rates, which can vary widely within a state. In Sugar Grove, VA, located in Smyth County, the effective property tax rate provides an interesting case study. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Sugar Grove, the effective property tax rate is 0.74%, which aligns with the highest and lowest median tax rates in the county. This rate is notably lower than the national median property tax rate of 1.02%. Compared to the national median property tax bill of $2,400, homeowners in Sugar Grove benefit from relatively lower property taxes. Understanding these rates can help property owners make informed decisions and potentially save money through property tax appeals and exemptions.

Property Tax Rates Across Sugar Grove, Smyth County, Virginia

Source: Ownwell

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 Sugar Grove Tax Rate

0.59%

Median Effective Smyth County Tax Rate

0.59%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Sugar Grove, Smyth County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24375	0.59%	0.59%	0.59%	0.59%	0.59%

Source: Ownwell

Property Tax Assessment Values Across Sugar Grove, Smyth County, Virginia

When examining property taxes in Sugar Grove, 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 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 Sugar Grove. For example, the median home price in Sugar Grove is $54,500, with tax bills ranging significantly across the county. Zip code 24375 has the highest median home price at $54,500.

Property Tax Assessment Values Across Sugar Grove, Smyth County, Virginia

Source: Ownwell

$74,200

$103,300

$132,400

Median Sugar Grove Market Value

$80,300

Median Smyth County Market Value

$109,200

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Sugar Grove, Smyth County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24375	$10,600	$21,200	$80,300	$132,900	$183,500

Source: Ownwell

Property Tax Bills Across Sugar Grove, Smyth County, Virginia

In Sugar Grove, VA, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this value to determine the annual tax bill. With a median home price of $54,500, many homeowners in Sugar Grove see tax bills significantly lower than the national median of $2,400. The tax bill for the 25th percentile is $126, while the 75th percentile reaches $653, and the 90th percentile is $898. These figures highlight the variance in tax bills across different homes, influenced by factors such as property size, location, and improvements. For homeowners looking to reduce their tax burden, Ownwell offers expert property tax appeal services. By analyzing your property's assessed value and comparing it with similar properties, Ownwell can identify opportunities for tax reductions. This service ensures that homeowners pay a fair tax amount, potentially saving hundreds of dollars annually. With Ownwell's assistance, navigating the complexities of property taxes becomes a straightforward process, providing peace of mind and financial savings.

Property Tax Bills Across Sugar Grove, Smyth County, Virginia

Source: Ownwell

$418

$591

$764

Median Sugar Grove Tax Bill

$470

Median Smyth County Tax Bill

$634

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Sugar Grove, Smyth County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24375	$62	$121	$470	$781	$1,079

Source: Ownwell