We demonstrate switchable polarized thermal emission from VO₂ nanofin stacks fabricated by co-deposition, etching, and oxidation. We find that reverse switching of the thermal emission is enabled by a reflecting underlayer and induced by either short oxidation time or additional deposition of a reflecting underlayer. Observed thermal emission is well explained by a biaxial Bruggeman effective medium model, which predicts the strong polarization change for aligned fin layers in the micron thickness range. The dominant polarization of the emission is modulated by the presence of a reflector, oxidation of the fins, fin fill-factor, and structural anisotropy. Normal incidence polarized emittance change of up to 0.6 is theoretically possible, and we were able to demonstrate a change of 0.34, similar to that predicted by the model.