Abingdon, Washington County, Virginia Property Taxes
Median Abingdon, VA effective property tax rate: 0.60%, significantly lower than the national median of 1.02% and lower than the Virginia state median of 0.89%.
Median Abingdon, VA home value: $154,800
Median annual Abingdon, VA tax bill: $896, $1,504 lower than the national median property tax bill of $2,400.
How are property taxes in Washington County calculated?
Property taxes in Abingdon, 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 Abingdon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Abingdon, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Abingdon, Washington County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.6%
Estimate Property Tax Bill
$929
$862
Ownwell’s Abingdon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Abingdon with just two data points.
By entering your property's estimated assessed value, our calculator applies Abingdon’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 Washington County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Abingdon, Washington County, Virginia
Local government entities set tax rates, which can vary widely within a state. 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.
In Abingdon, located in Washington County, VA, the property tax rate stands at 0.60%. This rate is notably lower than the national median property tax rate of 1.02%. Abingdon's rate is consistent throughout the county, as both the highest and lowest median tax rates are also 0.60%. This consistency can be an attractive feature for property owners seeking predictability in their tax bills. When compared to the national median property tax bill of $2,400, property owners in Abingdon may find themselves with a more favorable financial outlook. Understanding these rates can help property owners make informed decisions about property investments and financial planning in the region.
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 Abingdon Tax Rate
0.60%
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 Washington County Tax Rate
0.60%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Abingdon, Washington County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24210 | 0.49% | 0.60% | 0.60% | 0.60% | 0.60% |
| 24211 | 0.53% | 0.60% | 0.60% | 0.60% | 0.60% |
| 24212 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Abingdon, Washington County, Virginia
When examining property taxes in Abingdon, 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 Washington 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 Washington 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 Abingdon.
For example, the median home price in Abingdon is $154,800, with tax bills ranging significantly across the county. Zip code 24211 has the highest median home price at $188,000.
Property Tax Assessment Values Across Abingdon, Washington County, Virginia
Source: Ownwell
$70,700
$129,350
$188,000
Median Abingdon Market Value
$154,800
Median Washington County Market Value
$132,200
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Abingdon, Washington County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24210 | $58,960 | $90,100 | $137,700 | $195,300 | $278,100 |
| 24211 | $78,090 | $120,600 | $188,000 | $277,725 | $400,920 |
| 24212 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Abingdon, Washington County, Virginia
In Abingdon, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the property tax rate set by Washington County. Factors such as location, property size, and market conditions can influence the assessed value. Homeowners in Abingdon face a median property tax bill of $1,092, which is below the national median of $2,400. However, tax bills can vary significantly, with some homeowners paying as little as $566 or as much as $1,955, depending on their property's assessed value and location within specific zip codes like 24211 and 24210.
For homeowners feeling the pinch of their property tax bills, Ownwell offers property tax appeal services that can potentially lower these costs. By analyzing your property's assessment and market conditions, Ownwell identifies opportunities to challenge and reduce your tax bill. This service can be particularly beneficial for those whose tax assessments do not accurately reflect their property's true market value, ensuring you only pay your fair share.
Median Abingdon Tax Bill
$896
Median Washington County Tax Bill
$753
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Abingdon, Washington County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24210 | $312 | $515 | $795 | $1,135 | $1,594 |
| 24211 | $426 | $684 | $1,092 | $1,621 | $2,331 |
| 24212 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell