Amelia Court House, Virginia Property Taxes
The median property tax rate in Amelia Court House, VA is 0.38%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Amelia Court House at $205,950, the typical annual property tax bill reaches $783, well below the national median of $2,690. Property taxes in Amelia Court House are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Amelia Court House's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Amelia Court House or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Amelia Court House, Virginia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$1,780
Ownwell’s Amelia Court House Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Amelia Court House with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Amelia Court House to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Amelia Court House, Virginia
Property taxes in Amelia Court House, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Amelia Court House is 0.38%, which is significantly lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Amelia Court House set these rates annually, and they can vary significantly across different neighborhoods. Each year, Amelia Court House estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Amelia Court House's effective property tax rate to other counties in Virginia and the national median. For comparison, the highest median property tax rate in Virginia is significantly higher, while the lowest median tax rate is much lower. Understanding how these cities compare with Amelia Court House provides valuable insights into the varying tax landscape across Amelia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Amelia Court House Tax Rate
0.38%
Average Amelia County Tax Rate
0.38%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Amelia Court House, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23002 | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% |
Source: Ownwell
Property Tax Assessment Values Across Amelia Court House, Virginia
In Amelia Court House, Virginia, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Amelia Court House, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Amelia Court House helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $205,950, with the 25th percentile tax bill at $465 and the 75th percentile at $1,142. Interestingly, the zip code 23002 has both the highest and lowest median tax bills, each at $783.
Property Tax Assessment Values Across Amelia Court House, Virginia
Source: Ownwell
$119,700
$162,825
$205,950
Average Amelia Court House Assessed Value
$205,950
Average Amelia County Assessed Value
$193,300
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Amelia Court House, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23002 | $67,230 | $122,400 | $205,950 | $300,575 | $410,060 |
Source: Ownwell
Property Tax Bills Across Amelia Court House, Virginia
In Amelia Court House, VA, property tax bills are calculated based on the assessed value of your home. The local government determines this assessed value, which is then multiplied by the local property tax rate. For Amelia County, the median home price stands at $205,950, and property tax rates can vary. The tax bill for homeowners ranges from the 25th percentile at $465 to the 75th percentile at $1,142, with the 90th percentile reaching up to $1,558. This variation in tax bills reflects differences in property values and the specific tax rates applied. Homeowners with properties assessed at higher values will naturally face higher tax bills. Compared to the national median property tax rate of 0.99%, Amelia Court House presents a diverse range of tax burdens, influenced by local policies and property valuations. Understanding how these factors interplay can help homeowners anticipate their annual tax responsibilities and plan their finances accordingly.
Average Amelia Court House Tax Bill
$783
Average Amelia County Tax Bill
$735
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Amelia Court House, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23002 | $255 | $465 | $783 | $1,142 | $1,558 |
Source: Ownwell