Rate Breakdown

Property taxes in Buchanan County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Buchanan County

In Buchanan County, Virginia, property taxes are calculated based on the assessed value of your property and the applicable tax rate (millage rate). Here's how the process works:

• Assessment: The Buchanan County Commissioner of the Revenue assesses the fair market value of your property annually. This value determines your tax liability.
• Millage Rate: The county sets a tax rate per $100 of assessed value. For example, if the rate is $0.75 per $100 and your home is valued at $150,000, your annual tax would be $1,125.
• Billing: Taxes are typically billed in two installments, with due dates in June and December.

Available Exemptions

Virginia offers several property tax exemptions that may reduce your tax burden. Buchanan County residents should check eligibility for the following:

• Homestead Exemption: While Virginia does not have a statewide homestead exemption, some localities offer relief for primary residences.
• Senior Citizen & Disability Exemptions: Buchanan County may provide tax relief for seniors (65+) or disabled individuals based on income limits.
• Veteran Exemptions: Disabled veterans or their surviving spouses may qualify for partial or full exemptions depending on disability rating.

Contact the Buchanan County Commissioner of the Revenue’s office for specific eligibility requirements and applications.

Payment Schedule & Deadlines

Buchanan County property taxes follow a structured payment schedule:

• Due Dates: Taxes are due in two installments—June 5 and December 5 each year.
• Late Payments: A penalty of 10% is applied to unpaid balances after the due date, with additional interest accruing monthly.
• Payment Methods: Payments can be made online, by mail, or in person at the Treasurer’s Office. Installment plans may be available for qualifying taxpayers.

Failure to pay may result in a tax lien or eventual foreclosure, so timely payment is critical.

Appealing Your Assessment

If you believe your property’s assessed value is inaccurate, you can appeal the assessment in Buchanan County:

• Deadline: File an appeal with the Commissioner of the Revenue within 30 days of receiving your assessment notice.
• Evidence: Provide supporting documentation, such as recent appraisals or comparable property values, to justify your claim.
• Hearing: The Board of Equalization reviews appeals and may adjust the assessment if warranted.

For detailed instructions, visit the Buchanan County government website or contact the Commissioner’s office directly.