Wise, Wise County, Virginia Property Taxes

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

Median Wise, 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 Wise, VA home value: $95,500
Median annual Wise, VA tax bill: $645, $1,755 lower than the national median property tax bill of $2,400.

How are property taxes in Wise County calculated?

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

Last Updated March 1, 2025

Wise, Wise County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.69%

Estimate Property Tax Bill

$659

$611

Ownwell’s Wise Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wise with just two data points. By entering your property's estimated assessed value, our calculator applies Wise’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 Wise County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Wise, Wise 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 votes and laws are involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Wise’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.

Property Tax Rates Across Wise, Wise County, Virginia

Source: Ownwell

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 Tax Rate

0.69%

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 Wise, Wise County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24293	0.69%	0.69%	0.69%	0.69%	0.69%

Source: Ownwell

Property Tax Assessment Values Across Wise, Wise County, Virginia

When examining property taxes in Wise, 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: In Wise 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 Wise. For example, the median home price in Wise is $95,500, with tax bills ranging significantly across the county. 24293 has the highest median home price at $95,500.

Property Tax Assessment Values Across Wise, Wise County, Virginia

Source: Ownwell

$30,500

$63,000

$95,500

Median Wise Market Value

$95,500

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 Wise, Wise County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24293	$45,520	$65,400	$95,500	$143,550	$206,020

Source: Ownwell

Property Tax Bills Across Wise, Wise County, Virginia

In Wise, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Wise is $95,500, and the property tax rate is applied to this assessed value to calculate the tax bill. Homeowners in Wise can expect to pay a median property tax bill of approximately $645, which is significantly lower than the national median of $2,400. Factors such as home size, location, and improvements can influence the assessed value, impacting the overall tax bill. For homeowners, understanding these factors is crucial as they directly affect the amount owed annually. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By leveraging local expertise, Ownwell can help ensure that homeowners in Wise are not overpaying on their property taxes, potentially saving them hundreds of dollars each year. This service is especially valuable in maintaining affordability and financial peace of mind for property owners.

Property Tax Bills Across Wise, Wise County, Virginia

Source: Ownwell

$207

$426

$645

Median Wise Tax Bill

$645

Median Wise County Tax Bill

$501

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Wise, Wise County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24293	$276	$434	$645	$988	$1,414

Source: Ownwell