Ebony, Virginia Property Taxes
The median property tax rate in Ebony, VA is 0.65%, considerably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Ebony at $71,500, the typical annual property tax bill reaches $646, significantly below the national median of $2,690. Property taxes in Ebony 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 Ebony'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 Ebony or another part of Brunswick County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ebony, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$465
Ownwell’s Ebony Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ebony with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ebony 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 Ebony, Virginia
Property taxes in Ebony, Virginia, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Ebony is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Ebony set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ebony 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 Ebony's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 23845 has both the highest and lowest median property tax rate of 0.65%. Understanding how these cities compare with Ebony provides valuable insights into the varying tax landscape across Brunswick County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ebony Tax Rate
0.65%
Average Brunswick County Tax Rate
0.65%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ebony, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23845 | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Ebony, Virginia
In Ebony, 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 Brunswick County 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 Ebony, 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. The median home price in Ebony is $71,500, with tax bills ranging from $351 at the 25th percentile to $3,322 at the 90th percentile. The zip code 23845 has the highest and lowest median tax bill of $646. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ebony Assessed Value
$71,500
Average Brunswick County Assessed Value
$41,900
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ebony, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23845 | $27,360 | $32,400 | $71,500 | $263,500 | $495,660 |
Source: Ownwell
Property Tax Bills Across Ebony, Virginia
In Ebony, located in Brunswick County, VA, property tax bills are calculated based on the assessed value of a home. The median home price in the area is $71,500. Property tax rates are applied to this assessed value to determine the annual tax bill for homeowners. Several factors influence the final tax amount, including the property's location, size, and any applicable exemptions or deductions. For instance, the tax bill can vary significantly, with the 25th percentile paying around $351, while those in the 75th percentile face a bill of $1,890. Homeowners at the 90th percentile experience even higher taxes, up to $3,322. The highest and lowest median tax bills in the region both stand at $646, indicating a relatively uniform tax rate in certain areas. These property taxes directly impact homeowners by contributing to local services such as schools, public safety, and infrastructure, making it crucial for residents to understand their tax obligations and potential relief options.
Average Ebony Tax Bill
$646
Average Brunswick County Tax Bill
$272
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Ebony, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23845 | $177 | $351 | $646 | $1,890 | $3,322 |
Source: Ownwell