Property Tax & Income in Martinsville city, Virginia
Martinsville city has an effective property tax rate of 0.77%. On the median home value of $98,400, that's roughly $760 per year. Median household income is $46,727.
What you'll pay, at a glance
Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.
| Metric | Martinsville city | Virginia (state context) |
|---|---|---|
| Effective property tax rate1 | 0.77% | 0.60% |
| Median home value1 | $98,400 | — |
| State income tax3 | top rate 5.75% | top rate 5.75% |
| State sales tax3 | 5.77% combined | 5.77% combined |
How this is calculated
The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.
About Martinsville city, VA
In Martinsville city, Virginia, where median household income stands at $46,727, the median annual property tax bill of $760 absorbs about 1.6 cents of every dollar earned. That relationship matters because the city's effective rate of 0.772% exceeds Virginia's statewide median of 0.601%, placing Martinsville at 32nd among the state's 133 counties for property tax rate. Even so, the national median effective rate of 0.794% sits slightly higher than Martinsville's. The tax burden looks different depending on which yardstick you use: steeper than most Virginia localities, gentler than the country as a whole. With a median home value of $98,400 and per-capita income of $30,603, homeowners here pay taxes on property that costs far less than the national norm, which helps explain why the dollar figure stays contained even as the rate itself runs above the state average.