Tazewell County Real Estate and Livability Trends
Tazewell County, Virginia has shown median home values rising from $91,400 in 2015 to $112,200 in 2022, notably below state and national medians, making it potentially attractive for growth-focused investors and residents. Over nine years, average taxable income varied between $47,894.82 and $56,185.12, reflecting regional economic shifts. Significant spikes in state and local income taxes, like... Read more
Tazewell County Market Trends
Over the past eight years, Tazewell County, Virginia has seen its median home values rise from $91,400 in 2015 to $112,200 in 2022—still well below both the state and national medians. This relatively affordable market could be appealing to investors and residents seeking growth potential. Notably, the average residential energy tax credit per tax return grew from $290.00 in 2013 to $1,000.00... Read more
Median Value of Occupied Housing Units in Tazewell County, Virginia Over the Last 8 Years
Over the past 8 years, Tazewell County, Virginia has experienced a steady increase in median home values, rising from $91,400 in 2015 to $112,200 in 2022. While this growth shows a positive trend, it's noteworthy that home values in Tazewell County remain significantly lower compared to Virginia's statewide median of $339,800 and the national median of $179,400 in 2022. For potential investors and residents, Tazewell County offers a relatively affordable market with growth potential, especially when compared to state and national trends.
Residential Energy Tax Credit Per Tax Return in Tazewell County, VA Over the Last 8 Years
The average residential energy tax credit per tax return in Tazewell County, Virginia has shown significant growth over the past eight years. Starting at $290.00 in 2013, the credit has climbed to an impressive $1,000.00 by 2021. Notable spikes occurred in 2019 and 2021, nearly doubling the values seen in previous years. These increases may indicate a rise in energy-efficient home improvements or an escalation in energy costs, making Tazewell County an interesting case for real estate stakeholders, appraisers, and homeowners focusing on energy efficiency and potential savings.
Average Real Estate Taxes Per Tax Return in Tazewell County, VA Over the Last 10 Years
Tazewell County, Virginia has experienced a notable rise in average real estate taxes per tax return over the last decade. From $1,620.66 in 2012, taxes have increased steadily, peaking at $2,628.57 in 2021. The significant jump around 2017-2018 may signal shifts in property valuations or tax policy changes. This upward trend is likely of interest to potential homebuyers, real estate investors, and professionals planning to build or sell property in the area, as it could impact profitability and affordability considerations.
Percentage of Farm Returns in Tazewell County, VA Over the Last 10 Years
Over the last decade, Tazewell County, Virginia has seen a relatively stable percentage of farm tax returns, fluctuating around 2.5% to 2.8%. These figures indicate a consistent agricultural presence in the area, important for those eyeing opportunities in agribusiness or rural property development. Farm tax returns, key indicators of farming activity, suggest an entrenched agricultural sector, potentially beneficial for local economies and communities. This steadiness can hint at the viability and robustness of the farming infrastructure.
Number of Mortgages by Occupancy Type in Tazewell County, VA Over the Last 5 Years in Tazewell County
Over the past five years in Tazewell County, Virginia, mortgage counts for principal residences have shown some fluctuation, peaking in 2021 with 1,388 mortgages. Meanwhile, investment properties and second residences have maintained relatively stable yet significantly lower numbers. Understanding these changes in occupancy type is crucial for investors, builders, and insurance agents, as a rising trend in principal residences may indicate a growing local population, potentially increasing demand for services, goods, and real estate. Real estate agents and appraisers can leverage this data to provide better market estimates and investment advice. The relatively stable interest in second residences and investment properties suggests niche but consistent markets, useful for targeted investment strategies.
Economic Outlook
Tazewell County, Virginia has shown notable fluctuations in average taxable income over the past nine years, ranging from about $47,894.82 to $56,185.12. Economic dynamics peaked in 2018 and showed signs of recovery in 2021 at $56,001.90. State and local income taxes also fluctuated significantly, with a notable spike to $18,546.67 in 2019, which could impact financial planning and property values. Total tax liability per tax return similarly varied, from $6,923.48 in 2019 to $8,438.25 in 2018,... Read more
Average Taxable Income per Tax Return in Tazewell County, VA over the last 9 years
Over the past nine years, Tazewell County, Virginia has seen fluctuations in its average taxable income per tax return, ranging between roughly $47,894.82 and $56,185.12. Income experienced its lowest point in 2016 and peaked in 2018, showing signs of recovery in 2021 with an average taxable income of $56,001.90. Such trends can be pivotal for potential investors, as they reflect the varying economic dynamics of the area, crucial for making informed wealth-related decisions.
Average State and Local Income Taxes Per Tax Return in Tazewell County, VA Over the Last 10 Years
Tazewell County, Virginia has seen significant fluctuations in average state and local income taxes per tax return over the past decade. Notably, 2019 experienced a dramatic spike to $18,546.67, greatly surpassing other years. This volatility could influence decisions for potential investors, developers, and insurance agents as tax burdens may impact financial planning and property values. Those looking to move to Tazewell should consider these trends as they could affect disposable income and overall cost of living.
Average Total Tax Liability Per Tax Return in Tazewell County, VA Over the Last 10 Years
In Tazewell County, Virginia, the average total tax liability per tax return has seen some fluctuations over the past decade, with values ranging from $6,923.48 in 2019 to $8,438.25 in 2018. The peaks and valleys in these figures might suggest variations in local economic conditions, influencing factors such as income levels and property values. This variability is pertinent for investors, property developers, and real estate agents looking to understand the financial landscape and predict future trends. Potential homeowners and insurance agents could also find the tax liability trends critical when assessing affordability and risk in the area.
Cost of Living in Tazewell County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $968 | $1,343 | $1,512 | $997 | $911 |
| 1 adult 4 children | $968 | $1,097 | $1,154 | $997 | $998 |
| 2 adults 3 children | $968 | $1,097 | $1,313 | $997 | $752 |
| 1 adult 3 children | $968 | $896 | $955 | $997 | $761 |
| 2 adults 2 children | $795 | $898 | $1,114 | $871 | $664 |
| 1 adult 2 children | $795 | $671 | $756 | $871 | $610 |
| 2 adults 1 child | $795 | $710 | $915 | $461 | $647 |
| 1 adult 1 child | $795 | $459 | $557 | $461 | $570 |
| 2 adults | $604 | $570 | $716 | $0 | $553 |
| 1 adult | $590 | $311 | $358 | $0 | $505 |
Safety trends & Data
Tazewell County, Virginia has seen varying trends in property crimes over the last five years, particularly with larceny-theft peaking at 358 incidents in 2019 and dropping to 253 in 2021. Burglary rates have been fairly stable with a slight uptick in 2022, while motor vehicle theft hasn't topped 18 cases annually. Fraud remains relatively steady but with minor spikes, notably in 2019 and 2021. Embezzlement and forgery are consistently low, suggesting these crimes are less common. These trends... Read more
Property Crime Trends in Tazewell County, VA Over the Last 5 Years
Over the last five years, Tazewell County, Virginia has shown fluctuating trends in various property crimes. Larceny-theft seems to have the highest occurrences, with numbers ranging from a high of 358 in 2019 to a low of 253 in 2021. Burglary rates have varied but remained somewhat consistent, with a slight increase in 2022. Motor vehicle theft has shown a modest rise and fall, never exceeding 18 cases in any given year. Fraud appears to be relatively stable but with minor peaks in certain years such as 2019 and 2021. Notably, embezzlement and forgery have consistently low figures, indicating these crimes are less prevalent in the region. For those considering investment or real estate development, understanding these trends can help better assess risk and plan accordingly.
Demographics
In Tazewell County, Virginia, the population shows a relatively balanced gender distribution with a slight female majority. High school graduates make up a significant portion of the adult population, with a smaller percentage holding bachelor's degrees or higher, indicating potential gaps in higher education attainment. Age demographics reveal a substantial proportion of residents in the 45 to 64-year range, suggesting a mature population. The racial composition is overwhelmingly White, with... Read more
Race Distribution in Tazewell County, Virginia (2022)
Educational Attainment in Tazewell County, Virginia (2022)
Age Distribution in Tazewell County, Virginia
Citizen Population in Tazewell County, Virginia (2022)
Political Trends & Data
Tazewell County, Virginia, may have a strong conservative preference, as evidenced by the 2020 U.S. Presidential Election results, showing Republican votes potentially exceeding 83%. Democratic support might be just over 15%, with minor parties like Libertarians collectively capturing less than 1%. This dominant Republican leaning could shape local policy decisions, funding allocations, and community projects, possibly making it attractive for individuals and businesses aligning with... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Tazewell County, Virginia, appears to heavily lean Republican based on the 2020 U.S. Presidential Election results, with Republican votes potentially reaching over 83%. Democratic votes might account for just over 15%, while minor parties like the Libertarians and others collectively gather less than 1%. This could indicate a strong conservative preference in this county.
83.02% of voters voted for the Republican party in the 2020 Presidential Election
15.90% of voters voted for the Democrat party in the 2020 Presidential Election
0.79% of voters voted for the Livertarian party in the 2020 Presidential Election
0.28% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Tazewell County, Virginia, the student-to-teacher ratio has seen notable fluctuations, peaking at around 18 in 2015 and 2016, and declining to roughly 15 in 2023. Although these figures usually sit above the national average of 14 students per teacher, the gradual decrease might suggest enhancements in educational investment or shifts in student population. This trend could be of particular interest to potential movers, investors, or professionals in the education sector, as smaller class... Read more
Student-to-teacher ratio in Tazewell County, Virginia over the last 10 years
In Tazewell County, Virginia, the student-to-teacher ratio has seen fluctuations over the past decade, peaking at around 18 in 2015 and 2016, and experiencing a decline to approximately 15 in 2023. While these figures generally hover above the national average of 14 students per teacher, the gradual decrease could hint at potential improvements in educational investment or shifts in student population. This is particularly relevant for anyone considering moving to, investing in, or working within the educational sector in Tazewell County, as smaller class sizes often correlate with better individual student attention and potentially higher educational outcomes.
