Property Tax in Martinsville city
via TaxByCounty
Martinsville taxes moderate on dollar amount
Martinsville's effective tax rate of 0.806% sits above the national average as a percentage, yet the median annual property tax is just $746—far below the national median of $2,690. This reflects Martinsville's lower median home values combined with a higher-than-average tax rate.
Above-average rate within Virginia
Martinsville charges 0.806%, modestly above Virginia's 0.671% average, ranking in the upper-middle tier of the state's jurisdictions. Despite the higher rate percentage, the city's lower home values keep absolute tax bills modest.
Mid-range among regional options
Martinsville's 0.806% rate falls between Lynchburg city (0.840%) and Madison County (0.594%). It's significantly higher than the lowest-taxed counties like Lunenburg (0.436%), but lower than Manassas-area cities.
Median annual tax: $746
With a median home value of just $92,500 and a 0.806% effective rate, the typical Martinsville homeowner pays $746 per year in property taxes—roughly $62 monthly. This is among the lowest absolute tax bills statewide.
Even modest assessments deserve review
Although Martinsville's property tax bills are relatively low in absolute terms, homeowners shouldn't assume their assessments are correct. Overvaluation can still occur, and even modest reductions in assessed value provide meaningful savings.