Property Tax in Buchanan County
via TaxByCounty
Buchanan offers exceptional tax relief
At 0.442%, Buchanan's effective tax rate is less than half the national median of 0.96%, placing it in the bottom 10% nationally. The median property tax of just $404 is the lowest among all counties analyzed and 85% below the national median of $2,690.
Buchanan among Virginia's lowest
Buchanan's 0.442% rate ranks among the lowest in Virginia, well below the state average of 0.671%. At $404 annually, the median property tax is less than 21% of the state median of $1,960.
Lowest absolute tax burden in region
Buchanan's 0.442% rate is second-lowest only to Bath (0.405%) in the eight-county region, while the median tax of $404 is by far the lowest. On a median home value of $91,400, Buchanan delivers the most affordable property taxes in the comparison.
What homeowners pay annually
On Buchanan's median home value of $91,400, the typical annual property tax bill is $404. Homeowners with mortgages pay $611, while those owning outright pay $383.
Safeguard your tax advantage
Even with the region's lowest rates, Buchanan homeowners should periodically verify their assessments haven't drifted above market value. A reassessment request could further reduce your already-minimal tax burden.