Rate Breakdown

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

How Property Tax Works in Russell County

In Russell County, property taxes are calculated based on the assessed value of your property and the current tax rate (millage rate). The County Assessor's Office determines the assessed value by evaluating market conditions, property characteristics, and recent sales data. The assessed value is typically set at 100% of fair market value.

The tax rate is expressed in "mills," where 1 mill equals $1 per $1,000 of assessed value. For example, if your home is assessed at $200,000 and the tax rate is 0.75 mills, your annual tax would be $1,500. Tax rates may vary depending on the property's location (e.g., town vs. county) and additional levies for schools or services.

Available Exemptions

Russell County offers several exemptions that may reduce your property tax burden:

• Homestead Exemption: Available to homeowners who use their property as their primary residence, potentially lowering the taxable value.
• Senior Citizen Exemption: Residents aged 65 or older may qualify for reduced taxes, depending on income limits.
• Disability Exemption: Individuals with permanent disabilities may be eligible for tax relief programs.
• Veteran Exemptions: Veterans with service-connected disabilities or surviving spouses may receive partial or full exemptions under Virginia law.

Applications for exemptions must be submitted to the Commissioner of the Revenue's office with supporting documentation.

Payment Schedule & Deadlines

Russell County property taxes are typically due in two installments:

• First Half: Due by June 5th
• Second Half: Due by December 5th

Payments can be made online, by mail, or in person at the Treasurer's Office. If taxes are unpaid after the deadline, penalties and interest will accrue at a rate set by state law. Delinquent accounts may eventually face a tax lien or foreclosure.

Appealing Your Assessment

If you believe your property's assessed value is incorrect, you can appeal to the Russell County Board of Equalization. Follow these steps:

• Step 1: Review your assessment notice, which is mailed annually. Check for errors in property details.
• Step 2: Gather evidence, such as recent comparable sales or an independent appraisal, to support your claim.
• Step 3: File a written appeal with the Commissioner of the Revenue's office within 30 days of the assessment notice date.
• Step 4: Attend a hearing with the Board of Equalization to present your case.

If unsatisfied with the Board's decision, you may further appeal to the Virginia Circuit Court.