Appalachia, Wise County, Virginia Property Taxes
Median Appalachia, VA effective property tax rate: 0.69%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Appalachia, VA home value: $40,600
Median annual Appalachia, VA tax bill: $274, $2,126 lower than the national median property tax bill of $2,400.
How are property taxes in Wise County calculated?
Property taxes in Appalachia, 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 Appalachia’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Appalachia, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Appalachia, Wise County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.69%
Estimate Property Tax Bill
$280
$260
Property Tax Rates Across Appalachia, Wise County, Virginia
Local government entities set tax rates, which can vary widely within a state due to each county's budgetary needs. Annually, counties estimate the budget required to provide services and divide it by the total value of all taxable property within their jurisdiction, resulting 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 Appalachia, located in Wise County, the effective property tax rate is 0.69%. This rate is consistent across the county, as both the highest and lowest median tax rates are identical at 0.69%. Compared to the national median property tax rate of 1.02%, Appalachia's rate is significantly lower, providing a more favorable tax environment for property owners. This lower rate can translate into substantial savings, especially when considering the national median property tax bill of $2400. Property owners in Appalachia benefit from a lower tax burden, allowing for potential reinvestment in their properties or other financial endeavors.
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 Appalachia Tax Rate
0.69%
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 Wise County Tax Rate
0.69%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Appalachia, Wise County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24216 | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Appalachia, Wise County, Virginia
When examining property taxes in Appalachia, 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 Wise 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: Wise County sends assessment notices 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 Appalachia.
For example, the median home price in Appalachia is $40,600, with tax bills ranging significantly across the county. 24216 has the highest median home price at $40,600.
Property Tax Assessment Values Across Appalachia, Wise County, Virginia
Source: Ownwell
$30,500
$63,000
$95,500
Median Appalachia Market Value
$40,600
Median Wise County Market Value
$75,300
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Appalachia, Wise County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24216 | $17,700 | $27,825 | $40,600 | $60,600 | $85,900 |
Source: Ownwell
Property Tax Bills Across Appalachia, Wise County, Virginia
Median Appalachia Tax Bill
$274
Median Wise County Tax Bill
$501
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Appalachia, Wise County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24216 | $97 | $178 | $274 | $415 | $580 |
Source: Ownwell