TaxBy County

Martinsville city

Martinsville city, Virginia

Effective Tax Rate

0.81%

Median Annual Tax

$746

How Martinsville city Compares

Median Annual Property Tax

Martinsville city$746
Virginia State Average$1,960
National Average$1,924

Martinsville city

0.81%

Effective rate

Virginia Avg

0.70%

Effective rate

National Avg

0.91%

Effective rate

Tax by Mortgage Status

With Mortgage

$797

per year

Without Mortgage

$673

per year

Estimate Your Property Tax

$

Annual Tax

$746

Monthly Escrow

$62

Effective Rate

0.81%

vs. Virginia State Average▼ 61.9% below
vs. National Average▼ 72.3% below
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Frequently Asked Questions

What is the property tax rate in Martinsville city, Virginia?
The effective property tax rate in Martinsville city, Virginia is 0.81%. This rate is calculated by dividing the median property tax payment by the median home value in the county.
How much are property taxes in Martinsville city?
The median annual property tax payment in Martinsville city is $746. Homeowners with a mortgage pay a median of $797, while those without a mortgage pay $673.
How does Martinsville city compare to the Virginia average?
Martinsville city's effective tax rate of 0.81% is higher than the Virginia state average of 0.70%. The median annual property tax in Martinsville city is $746, compared to the state average of $1,960.
What is the median home value in Martinsville city, Virginia?
The median home value in Martinsville city, Virginia is $92,500, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates.
How are property taxes calculated in Virginia?
Property taxes in Virginia are calculated based on the assessed value of your property multiplied by the local mill levy (tax rate). The assessed value is determined by your county assessor and may differ from market value. Homeowners may qualify for exemptions such as homestead, senior, veteran, or disability exemptions that can reduce the taxable value. Tax rates vary by county and include levies for schools, municipal services, and special districts.

Counties with Similar Tax Rates

Virginia Beach city(VA)

Rate0.80%
Median Tax$2,929

Charlottesville city(VA)

Rate0.81%
Median Tax$3,649

Chesapeake city(VA)

Rate0.82%
Median Tax$2,937

Alleghany County(VA)

Rate0.83%
Median Tax$1,011
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Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.

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