La Crosse, Virginia Property Taxes
The median property tax rate in LA CROSSE, VA is 0.65%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in LA CROSSE at $24,800, the typical annual property tax bill is $161, well below the national median of $2,690. Property taxes in LA CROSSE are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding LA CROSSE's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of LA CROSSE 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
La Crosse, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$161
Ownwell’s LA CROSSE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA CROSSE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA CROSSE 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 La Crosse, Virginia
Property taxes in LA CROSSE, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LA CROSSE is 0.65%, lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within LA CROSSE set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA CROSSE 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 LA CROSSE's effective property tax rate to other counties in Virginia and the national median. For comparison, the 23950 zip code has the highest median property tax rate of 0.65%, while the 23950 zip code also has the lowest median tax rate of 0.65%. Understanding how these cities compare with LA CROSSE provides valuable insights into the varying tax landscape across Mecklenburg, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Crosse 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 La Crosse, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23950 | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across La Crosse, Virginia
In LA CROSSE, 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 Assessor 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 LA CROSSE, 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 LA CROSSE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $161.00 in the 23950 zip code.
Average La Crosse Assessed Value
$24,800
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 La Crosse, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23950 | $22,880 | $23,600 | $24,800 | $30,850 | $34,480 |
Source: Ownwell
Property Tax Bills Across La Crosse, Virginia
In LA CROSSE, VA, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The median home price in LA CROSSE is $24,800, and property tax rates are applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and any improvements made can influence the assessed value. Homeowners in LA CROSSE typically see a range of property tax bills. For instance, those in the 25th percentile pay around $153 annually, while those in the 75th percentile pay approximately $201. The highest median tax bill recorded in the area is $161, indicating a relatively consistent tax rate across different properties. Compared to the national median property tax rate of 0.99%, LA CROSSE's property tax rates provide a more affordable option for homeowners. This lower tax burden can make homeownership more accessible and financially manageable for residents, contributing to the overall appeal of living in this Virginia community.
Average La Crosse Tax Bill
$161
Average Brunswick County Tax Bill
$272
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across La Crosse, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23950 | $149 | $153 | $161 | $201 | $224 |
Source: Ownwell