Property Taxes in Broadford, Virginia
Median Broadford, Virginia effective property tax rate: 0.58%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Broadford, Virginia home value: $73,350
Median annual Broadford, Virginia tax bill: $425, $1,975 lower than the national median property tax bill of $2,400.
How are property taxes in Tazewell calculated?
Property taxes in Broadford, 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 Broadford's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Broadford, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Broadford Property Tax Calculator Work?
Use this Broadford property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Broadford's median effective tax rate of 0.58% — based on actual property records in Tazewell County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Broadford'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 Broadford: rates range from 0.58% in 24316 to 0.58% in 24316, 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 Broadford.
About Broadford Property Taxes
About Property Taxes in Broadford, Tazewell, Virginia
Broadford’s median effective property tax rate of 0.58% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Tazewell 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 Broadford. Homeowners in the 24316 ZIP code carry a median effective rate of 0.58%, while those in 24316 pay 0.58%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Tazewell County. Understanding which part of Broadford you live in can make a meaningful difference to your annual tax bill.
Broadford homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 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 Broadford, Tazewell 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 Broadford'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 Broadford Tax Rate
0.58%
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 Tazewell County Tax Rate
0.58%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Broadford, Tazewell County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24316 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Broadford, Tazewell County, Virginia
When examining property taxes in Broadford, 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 Tazewell 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.
Assessment notices are sent in the spring each year and 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.
For example, the median home price in Broadford is $73,350, with tax bills ranging from $257 at the 25th percentile to $949 at the 90th percentile. The median tax bill is $425, well below the national median property tax bill of $2,400.
Property Tax Assessment Values Across Broadford, Tazewell County, Virginia
Source: Ownwell
$24,150
$73,875
$123,600
Median Broadford Market Value
$73,350
Median Tazewell County Market Value
$80,000
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Broadford, Tazewell County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24316 | $19,770 | $44,375 | $73,350 | $132,150 | $163,670 |
Source: Ownwell
Property Tax Bills Across Broadford, Tazewell County, Virginia
Broadford property tax bills are calculated from the assessed value of a home and the local tax rate set by Tazewell County. When a home’s market value changes, the assessed value can change too, which can raise or lower the bill. Factors such as location, property characteristics, and local taxing decisions all play a role in determining what homeowners owe.
For Broadford homeowners, the typical tax burden is relatively modest compared with the national median property tax bill of $2,400. The median home price is $73,350, and the median tax bill in zip code 24316 is $425. That same $425 figure also appears as both the highest and lowest median tax bill in the area, showing how consistent property taxes can be across the city.
Property taxes affect monthly housing costs and long-term affordability, so even small changes in assessed value can matter.
Median Broadford Tax Bill
$425
Median Tazewell County Tax Bill
$464
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Broadford, Tazewell County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24316 | $115 | $257 | $425 | $766 | $949 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | December 19 |
Links | |
|---|---|
| Tazewell Tax Assessor | |
| Website | tazewellcova.interactivegis.com |