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Updated 2025 Tax Year

Russell County
Property Tax Guide

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

9 Official Sources
8 min read
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Quick Facts
Tax Rate
$0.579 per $100 of assessed value countywide, may vary by special taxing districts
Exemptions
4+ Available
Section 1

How Property Tax Works

Russell County, Virginia operates on a property tax system that serves as a primary funding source for essential county services including schools, public safety, infrastructure maintenance, and local government operations. Property owners in Russell County are subject to an annual real estate tax based on the assessed value of their property as determined by the county assessor's office.

The property tax rate for Russell County is set at 57.9 cents per $100 of assessed value for the current tax year. This rate applies countywide to real estate and other taxable property. Property owners should note that actual tax obligations may vary by location within the county due to special taxing districts or additional assessments that may apply to specific areas. The county reassesses properties periodically to ensure assessments reflect current market conditions, and property owners have the right to appeal their assessments through the established appeals process.

Section 2

What Makes Up Your Tax Bill

ComponentRateDescription
Base County Rate$0.579 per $100General county operations, services, and schools
Special DistrictsVariesAdditional assessments may apply to specific areas within the county

Note: The base rate of 57.9 cents per $100 of assessed value was established in May 2025 and applies to the current fiscal year. Property owners should verify with the Russell County Commissioner of Revenue if their property is located within any special taxing districts that may impose additional assessments beyond the base county rate.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Russell 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 Russell County are additional property tax assessments that occur when there are changes to property ownership, improvements, or new construction after the regular assessment period. These taxes are calculated based on the change in assessed value and are prorated for the remaining portion of the tax year.

Common triggers for supplemental taxes include the purchase of property, completion of new construction or major renovations, subdivision of land, or correction of assessment errors. For example, if a property owner completes a $50,000 home addition in September, they would receive a supplemental tax bill calculated on the increased assessed value for the remaining months of the fiscal year. The supplemental tax would be approximately $289.50 ($50,000 ÷ 100 × $0.579) prorated for the partial year.

Example Calculation

Example 1: $300,000 Home

  • Assessed Value: $300,000
  • Applicable Tax Credits: $0 (assuming no credits applied for)
  • Net Taxable Value: $300,000
  • Annual Tax: $300,000 ÷ 100 × $0.579 = $1,737
  • Monthly Escrow: $144.75

Example 2: $600,000 Home

  • Assessed Value: $600,000
  • Applicable Tax Credits: $0 (assuming no credits applied for)
  • Net Taxable Value: $600,000
  • Annual Tax: $600,000 ÷ 100 × $0.579 = $3,474
  • Monthly Escrow: $289.50

Example 3: $1,000,000 Home

  • Assessed Value: $1,000,000
  • Applicable Tax Credits: $0 (assuming no credits applied for)
  • Net Taxable Value: $1,000,000
  • Annual Tax: $1,000,000 ÷ 100 × $0.579 = $5,790
  • Monthly Escrow: $482.50

Note: Tax credits for qualifying property owners (such as elderly, disabled, or veteran credits) require separate application and approval. These credits reduce the actual tax bill and are not automatically applied.

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Section 5

Escrow & Property Taxes

Most mortgage lenders require property owners to maintain an escrow account for property tax payments, collecting monthly payments along with principal and interest. Russell County property taxes are paid in two installments: the first half is due June 20th and the second half is due November 20th. Lenders typically collect 1/12th of the annual tax bill each month and make payments on behalf of property owners when taxes become due.

Property owners with escrow accounts should verify that their lender has the correct tax amount and payment schedule. The county sends tax bills directly to both the property owner and the mortgage servicer. If there are discrepancies in escrow calculations or if tax amounts change due to reassessment, property owners may need to work with their lender to adjust monthly escrow payments to avoid shortfalls or overpayments.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
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Section 6

Frequently Asked Questions

Q: When are Russell County property taxes due? A: Property taxes are due in two installments: first half due June 20th and second half due November 20th for the current fiscal year.

Q: What tax credits are available in Russell County? A: Various tax credits may be available for qualifying property owners, including credits for elderly, disabled, and veteran property owners. All tax credits require separate application and approval - they are not automatically applied. Contact the Russell County Commissioner of Revenue for specific eligibility requirements and application procedures.

Q: Is there a homestead credit that limits assessment increases? A: Virginia localities may offer homestead exemptions that cap annual assessment increases for qualifying property owners. Contact Russell County's assessor's office to determine if such programs are available and require application filing.

Q: How often are properties reassessed in Russell County? A: Contact the Russell County assessor's office for the current reassessment schedule. Property owners will be notified when reassessments occur and have the right to appeal their assessments.

Q: What are the penalties for late tax payments? A: Late payment penalties and interest charges apply to delinquent property taxes. Contact the Russell County Treasurer's office for specific penalty rates and collection procedures.

Q: Can I pay my property taxes online? A: Check with the Russell County Treasurer's office for available online payment options and accepted payment methods.

Q: How do I appeal my property assessment? A: Property owners who disagree with their assessment can file an appeal with the Russell County Board of Equalization. Contact the assessor's office for appeal procedures and deadlines.

Q: Do special districts within Russell County impose additional taxes? A: Some areas within Russell County may be subject to additional assessments or special district taxes beyond the base county rate. Property owners should verify with the Commissioner of Revenue if their property is located within any special taxing districts.

Verified Sources

Backed by 9 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
April 15, 2025russellcountyva.us
02
Nonerussellcountyva.us
03
County
Tax Rates for County, City, Town, and Districts. TY 2024tax.virginia.gov
04
Frequently Asked Questions - CivicPlus.CMS.FAQrussellcountyva.us
05
County
Russell County, VA | Official Websiterussellcountyva.us
06
Frequently Asked Questions - CivicPlus.CMS.FAQrussellcountyva.us
07
Commonwealth of Virginiaenergy.virginia.gov
08
May 02, 2022russellcountyva.us
09
Landfill Analysisrussellcountyva.us
All sources verified as of 2025 Tax Year

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