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Updated 2025 Tax Year

Buchanan County
Property Tax Guide

Everything you need to know about property taxes in Buchanan County, VA. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
Quick Facts
Tax Rate
0.39% for real estate, 1.95% for personal property, 0.39% for mineral properties
Exemptions
4+ Available
Section 1

How Property Tax Works

Buchanan County, Virginia operates on a property tax system that serves as a primary funding source for essential county services including education, public safety, infrastructure maintenance, and general government operations. Property owners in Buchanan County pay taxes based on the assessed value of their real estate and personal property, with the county conducting regular assessments to determine fair market value.

The effective tax rate for real estate in Buchanan County is 0.39% (or $0.39 per $100 of assessed value) for FY 2025, which is significantly lower than Virginia's average base rate of approximately 1%. Personal property is taxed at a higher rate of 1.95% per $100 of assessed value, while mineral properties are taxed at $0.39 per $100. It's important to note that actual tax bills may vary depending on your location within the county, as special taxing districts, fire districts, or other local improvement areas may impose additional assessments beyond the base county rate.

Section 2

What Makes Up Your Tax Bill

ComponentRateDescription
Real Estate Tax$0.39 per $100Base county rate for residential and commercial real property (FY 2025)
Personal Property Tax$1.95 per $100Motor vehicles, boats, business equipment, and other tangible personal property
Mineral Tax$0.39 per $100Tax on mineral rights and mining property
Special District AssessmentsVariesAdditional rates may apply for fire districts, service districts, or improvement zones

These rates are established for Fiscal Year 2025 and may be subject to annual adjustments by the Buchanan County Board of Supervisors. Property owners should verify if their property falls within any special taxing districts, as these can add additional assessments to the base county rates shown above.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Buchanan County, property taxes are due in two installments:

Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Buchanan County are triggered when there are changes in property ownership, new construction, or improvements that increase a property's assessed value during the tax year. When these events occur, the county assessor calculates the difference between the old and new assessed values and applies the current tax rate to determine the additional tax owed.

For example, if you purchase a home in Buchanan County in September that was previously assessed at $200,000 but now has a market value of $250,000, a supplemental assessment would be issued for the $50,000 increase in value. The supplemental tax would be calculated as $50,000 × 0.39% = $195, prorated for the remaining months of the fiscal year. This supplemental bill would be issued separately from the regular annual tax bill and would have its own due date, typically 30-60 days from the date of issuance.

Example Calculation

Example 1: $300,000 Home

  • Assessed Value: $300,000
  • Less: Homestead Credit (if qualified): -$1,200
  • Net Taxable Value: $298,800
  • Annual Tax: $298,800 × 0.39% = $1,165
  • Monthly Escrow: $97

Example 2: $600,000 Home

  • Assessed Value: $600,000
  • Less: Homestead Credit (if qualified): -$1,200
  • Net Taxable Value: $598,800
  • Annual Tax: $598,800 × 0.39% = $2,335
  • Monthly Escrow: $195

Example 3: $1,000,000 Home

  • Assessed Value: $1,000,000
  • Less: Homestead Credit (if qualified): -$1,200
  • Net Taxable Value: $998,800
  • Annual Tax: $998,800 × 0.39% = $3,895
  • Monthly Escrow: $325

Note: Tax credits shown are estimates and require separate application. Actual credits available may vary and must be applied for annually with the Buchanan County Commissioner of Revenue.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Buchanan County require property tax escrow accounts for borrowers with less than 20% down payment, though some lenders may require escrow regardless of down payment amount. Your lender collects monthly escrow payments along with your mortgage payment and holds these funds in a separate account to pay your property taxes when they become due.

Lenders typically pay Buchanan County property taxes by the April 15 deadline for real estate taxes and the May 1 deadline for personal property taxes. Your lender will receive tax bills directly from the county and should pay them automatically from your escrow account. However, property owners remain ultimately responsible for ensuring taxes are paid on time, so it's important to verify that your lender has received and paid your tax bills. You can check payment status through the Buchanan County Treasurer's office or their online payment portal. If you pay your own taxes (without escrow), make sure to budget for the annual payment and mark the due dates on your calendar to avoid late penalties.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
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Section 6

Frequently Asked Questions

Q: When are property taxes due in Buchanan County for FY 2025? A: Real estate taxes are typically due April 15, while personal property taxes are due May 1. Check with the Buchanan County Treasurer's office for exact dates as they may vary slightly each year.

Q: What tax credits are available and how do I apply? A: Buchanan County offers various tax credits including homestead credits for primary residents, elderly/disabled credits, and veterans' credits. These are NOT automatic and require annual application through the Commissioner of Revenue's office. Application deadlines are typically in late fall or early winter.

Q: How does the homestead credit work? A: The homestead credit limits annual assessment increases on your primary residence, typically capping growth at a certain percentage each year. This credit reduces your tax bill but requires filing an application to establish eligibility. It does not reduce the property's market value for other purposes.

Q: How often does Buchanan County reassess properties? A: Buchanan County conducts periodic countywide reassessments, typically every 4-6 years. Between general reassessments, properties may be reviewed for assessment changes due to sales, improvements, or other factors.

Q: Can I appeal my property assessment? A: Yes, property owners can appeal assessments through the Buchanan County Board of Equalization. Appeals must typically be filed within 30 days of receiving your assessment notice and require evidence of comparable sales or property condition issues.

Q: What happens if I pay my taxes late? A: Late payments incur penalties and interest charges. Real estate taxes become delinquent after April 15, and personal property taxes after May 1. Contact the Treasurer's office immediately if you cannot pay by the due date to discuss payment options.

Q: Can I pay my property taxes online? A: Check with the Buchanan County Treasurer's office for current online payment options. Many Virginia counties offer online payment systems, though some may charge convenience fees for electronic payments.

Q: Do I owe additional taxes if I live in a special district? A: Possibly. Some areas of Buchanan County may fall within fire districts, service districts, or other special taxing jurisdictions that levy additional assessments beyond the base county rate. Check your tax bill carefully for any special district charges.

Q: How do I change my mailing address for tax bills? A: Contact the Buchanan County Commissioner of Revenue to update your mailing address for assessment notices and the Treasurer's office to update your address for tax bills. Property tax bills are mailed to the address on record, and you remain responsible for payment even if bills are mailed to an incorrect address.

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