Virginia · County property tax · ACS 2024
Martinsville city Property Taxes
The median homeowner in Martinsville city pays $760 a year, an effective rate of 0.77%, far below the U.S. average.
- $760
- Median tax / yr · Low bill
- 0.77%
- Effective rate · Below-median rate
- -62%
- vs U.S. average
- #32 of 133
- rank in VA
The verdict
Homeowners in Martinsville city pay a median $760 a year in property tax, an effective rate of 0.77%, more affordable than 53% of U.S. counties (Census ACS 2024).
- $760
- Median annual tax bill, 2024
- 0.77%
- Effective rate on median home
- #1476 of 3135
- U.S. counties by tax burden
- -62%
- vs the national average bill
Effective rate is the median property tax bill divided by the median home value ($98,400). U.S. Census Bureau, ACS 5-Year Estimates · 2024.
Census Bureau ACS property tax data for Virginia. Population: 13,658. Owner-occupied homes: 3,165.
The median annual property tax in Martinsville city is $760, which is 73% lower than the Virginia state average and 62% below the national average. The effective tax rate is 0.77% on a median home value of $98,400. Property taxes represent 1.6% of the median household income in this county.
Why Martinsville city's ACS bill runs light vs the U.S.
Primary signal
The bill sits well below the national median
Homeowners in Martinsville city pay a median annual property tax of $760, far below the national median and far below the Virginia state median. On a $98,400 median home, that works out to an effective rate of 0.77% once the local assessment base and millage are combined.
Decision signal 2
Low among Virginia counties by effective rate
Martinsville city ranks #32 of 133 counties in Virginia by effective rate (76% of in-state counties pay a lower rate).
Decision signal 3
Income carries a light tax share
Property taxes in Martinsville city run a bit below the commonly cited 2%-4% national benchmark, at about 1.6% of the $46,727 median household income.
Decision signal 4
The effective rate sits near the national middle
Martinsville city's 0.77% effective rate sits near the middle of 3,135 tracked counties (more affordable than 53%).
Informational notice
Figures describe the median homeowner household in Martinsville city as reported to the Census Bureau; your parcel can differ. Not tax, legal, or financial advice: check the county assessor or a qualified professional before decisions that depend on these numbers.
A falling rate took the edge off
Martinsville city's effective rate fell 16.0% across the 4-year span while its median home value rose 24.6%, leaving the median bill 4.7% higher at $760. That rate move is larger than the one in 68% of counties, so a good deal of the market's rise never reached the bill.
Effective rate is the published median bill divided by the published median home value, so the two multiply back to the bill exactly; the rate's movement here is derived from those two figures rather than read from the rounded published rate. Both are ACS 5-year survey estimates for the median owner-occupied household, compared across non-overlapping releases. They describe what the Census published, not a local policy, assessment, or exemption change.
How to read this county's bill
Very little moved here between 2020 and 2024: the typical bill went from $726 to $760, a change of 5%. The comparison describes county-level medians only; individual assessments and bills can differ.
The largest reported group here falls at the bottom of the national range: 1,676 of 3,165 owner-occupied homes (53.0%) report annual real-estate taxes under $800. This distribution describes reported owner-occupied homes, not an affordability judgment for any property.
Incomes here are in the lowest quarter nationally while the rate sits just below the middle, and the median bill lands at 1.6% of median household income. The rate reads as unremarkable in a national ranking; the earnings behind it are not, and the ratio above is where the two meet.
The share above is the median annual bill divided by median household income, a ratio of two county-level medians rather than a household-by-household figure.
What Martinsville city Homeowners Actually Pay
The single largest group of Martinsville city homeowners, 1,676 of 3,165 owner-occupied homes (53.0%), pays less than $800 a year. The median is one point in this spread, not a typical bill.
- Less than $800 53.0% (1,676)
- $800 to $1,499 20.0% (634)
- $1,500 to $1,999 6.9% (218)
- $2,000 to $2,999 10.6% (337)
- $3,000 or more 8.2% (260)
Census ACS 2024, table B25102. Bands and the no-tax share sum to 100%.
40 homes here (1.3%) report no real estate tax at all. Exemptions are set by state: how Virginia handles assessments and appeals.
With vs Without Mortgage
In Martinsville city, mortgaged homeowners pay 24% more than those without a mortgage, a gap that typically tracks higher home values rather than a different tax rate.
Martinsville city's bill vs state & U.S. medians
Median annual bill bars around Martinsville city's LIGHT ACS 2024 figure.
Martinsville city's median bill is 73% below the Virginia median and 62% below the U.S. median.
Same rate as Virginia, a smaller bill
The effective rate here sits within 5% of the Virginia median, yet the median bill runs 73% below it. When the rate matches and the cheque does not, the difference is in what is being taxed, not how heavily: the same percentage applied to cheaper housing produces $760 here. That is why comparing counties on rate alone can invert the answer a homeowner actually cares about.
Martinsville city vs Benchmarks
| Metric | Martinsville city | Virginia Avg | U.S. Avg |
|---|---|---|---|
| Median Annual Tax Low bill | |||
| Effective Tax Rate Below-median rate | |||
| Median Home Value | |||
| Tax as % of income Light income burden | 1.6% | - | - |
Source: U.S. Census Bureau, ACS 5-Year Estimates. Tax-burden differences across rows reflect millage decisions, assessment-ratio practices, and the residential-vs-commercial mix of each tax base.
Martinsville city is UNDER · LIGHT on ACS medians, still verify your parcel card before quoting the county figure. Estimate appeal savings · Virginia counties.
Martinsville city bill trail · LIGHT
| Year | Median Tax (vs prior release) | Effective Rate |
|---|---|---|
| 2024 | $760 +1.9% | 0.77% |
| 2023 | $746 -2.7% | 0.81% |
| 2022 | $767 +3.2% | 0.93% |
| 2021 | $743 +2.3% | 0.96% |
| 2020 | $726 | 0.92% |
Each row is a separate ACS 5-year release, and consecutive releases share four of their five survey years. The percentage beside each bill is therefore movement in the published estimate against the previous release, not a single year's tax change. The two releases largely describe the same households. For change over time, compare releases that do not overlap.
Martinsville city: tax takes only 1.6% of income
Counties near Martinsville city's median bill
On effective rate, Martinsville city sits nearest Custer County (SD), Wasco County (OR), Columbus County (NC).
On published median-tax change, the nearest matches are Livingston County (MO), Perry County (KY), Foard County (TX).
How peers are chosen
These are the nearest cross-state matches in the published Census data, not neighboring counties or recommendations. Peers are rebuilt with each data release; see the calculation method.
Similar effective rates
Similar published median-tax changes, 2020–2024
Martinsville city: only 3% of returns show Schedule A real-estate tax
Tax year 2022: 200 of 5,920 returns from Martinsville city reported real estate taxes, averaging $2,850 - 25% of those reporters sat in the $100-200k AGI band.
What this IRS county file does not say
Amounts are reported before the SALT cap, not deducted; the share is of filers, not homeowners. Source: IRS SOI county data, tax year 2022.
Other Counties in Virginia
Martinsville city bill FAQs
- How does Martinsville city property tax compare to the national average?
- Property taxes in Martinsville city run far below the national median of $1,993, an effective rate of 0.77% versus 0.92% nationally.
- What percentage of income goes to property taxes in Martinsville city?
- Property taxes in Martinsville city run a bit below the commonly cited 2%-4% national benchmark, at about 1.6% of the $46,727 median household income.
- What is the tax affordability score for Martinsville city?
- Martinsville city, Virginia scores B (73/100) on PlainPropertyTax's tax affordability composite across 5 Census ACS dimensions (effective rate, bill size, income share, mortgage gap, and home-value/income). Its strongest scored dimension here is bill size at A ($760/yr). The score compares published county medians to U.S. percentiles, it is not a personal bill and not advice to buy, sell, appeal, or relocate.
- What is the average property tax in Martinsville city, Virginia?
- The median annual property tax in Martinsville city is $760, an effective rate of 0.77% on a $98,400 median home (Census ACS, 2024).
- Are property taxes increasing in Martinsville city?
- The ACS median property-tax bill for Martinsville city ticked up 4.7% between the 2020 and 2024 5-year releases, from $726 to $760, a 4-year span. These are survey estimates covering five years each, so this compares the two releases furthest apart rather than consecutive ones, which overlap and would mostly measure the same households twice.
What to do with Martinsville city's LIGHT bill
Martinsville city's $760 median bill sits well below the U.S. median - still size a parcel estimate; local millage and exemptions move the real bill. Estimate your bill →
Income burden is light here: about 1.6% of Martinsville city's $46,727 median household income goes to the property-tax bill.
Nationwide peers by median bill (then rate)
Bill-first peers for Martinsville city's LIGHT median, then a disjoint out-of-state rate set, not the same-state geography lattice.
Similar effective rate
Nearest out-of-state counties by ACS effective rate. This county: 0.77%.
Similar median bill
Nearest out-of-state counties by ACS median annual tax. This county: $760/yr. Rate peers are excluded so the two link sets stay distinct.
Read with Martinsville city
Nearest ABS(median_tax) ACS peers for Martinsville city (UNDER · LIGHT), replacing the old fixed Keep exploring strip.
UNDER LIGHT
Cumberland County, KY
ABS(median_tax) peer · tied with Martinsville city at $760/yr; rate 0.54% vs Martinsville city 0.77%.
Jackson County, SD
ABS(median_tax) peer · tied with Martinsville city at $760/yr; rate 0.65% vs Martinsville city 0.77%.
Nottoway County, VA
ABS(median_tax) peer · $761/yr (near-tied bill ABS $1); rate 0.45% vs Martinsville city 0.77%.
Sequoyah County, OK
ABS(median_tax) peer · $761/yr (near-tied bill ABS $1); rate 0.55% vs Martinsville city 0.77%.
Virginia county set
State ACS overview for every published Virginia county rate and median bill.
Assessment cycle basics
Martinsville city stamps UNDER · LIGHT - how assessed value and millage become the ACS median bill.
Data vintage and method
Data as of 2024. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates.
Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.
Source: U.S. Census Bureau American Community Survey 5-Year Estimates, county median real-estate taxes · 2024 Martinsville city (UNDER · LIGHT) - ACS medians, not a parcel bill.