Property Taxes

Real Estate Taxes

The Code of Virginia, 1950, as amended, provides for the assessment and collection of real estate taxes based on fair market value established by the governing body each year. Bills are mailed twice a year to the property owner on record as of January 1, with payment due to the county on or by May 31 and October 31 of each year.

Real Estate: Late Payments, Penalties & Interest

A late payment penalty of 10% is added on June 1 and November 1, respectively. Interest will also begin accruing beginning June 1 and November 1, respectively. Any payment postmarked on or before the May 31 or October 31 deadline will be accepted without penalty.

Failure to receive a tax bill will not relieve the penalty and interest charge that will be applied to all past due bills. If there is a change of ownership, billing address or any other change pertaining to your taxes, please notify the Treasurer's Office. Company requests have been sent to them (if noted on your tax ticket), otherwise the taxpayer has the responsibility to forward the bill to them.

Real Estate Tax Rates

The real estate tax rate is set in the spring, during budget deliberations by the Board of Supervisors. For 2020, the rate is $0.69 per $100 of assessed value.

Personal Property

Wise County taxes:

  • Business furniture
  • Business machines
  • Equipment, machinery and tools, etc.
  • Mobile homes
  • Shop tools used in any business or profession
  • Vehicles (cars, trucks, buses, motorcycles)

Assessments are based on ownership as of January 1st. Wise County does not prorate. Any persons moving into the County during the year, or any person purchasing a new car during the year would not be liable for personal property tax during the January to December period; however, any person moving out of the County would be liable for that entire year's tax on those items in their possession on January 1, with payment due to the county on October 31 of each year.

Personal Property: Late Payments, Penalties & Interest

A late payment penalty of 10% is added on November 1. Interest will also begin accruing beginning November 1. Any payment postmarked on or before the October 31 deadline will be accepted without penalty.

Failure to receive a tax bill will not relieve the penalty and interest charge that will be applied to all past due bills. If there is a change of ownership, billing address or any other change pertaining to your taxes, please notify the Treasurer's Office.

Personal Property Tax Rate

The personal property rate is set by the Board of Supervisors. For 2020, the personal property tax rate is $1.65 per $100 of assessed value.