Moseley, Virginia Property Taxes
The median property tax rate in Moseley, VA is 0.92%, slightly lower than the national median of 0.99% but higher than the Virginia state median of 0.89%. With a median home value of $467,800 in Moseley, the typical annual property tax bill reaches $4,408, significantly exceeding the national median of $2,690. Property taxes in Moseley 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 Moseley'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 Moseley or another part of Chesterfield County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moseley, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$4,304
Ownwell’s Moseley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moseley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moseley 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 Moseley, Virginia
Property taxes in Moseley, Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moseley is 0.92%, which is slightly below the U.S. national median of 0.99%. Local government entities within Moseley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moseley 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 Moseley's effective property tax rate to other areas in Chesterfield County and the national median. For comparison, the zip code 23120 has the same median property tax rate of 0.92%. Understanding how these areas compare with Moseley provides valuable insights into the varying tax landscape across Chesterfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moseley Tax Rate
0.92%
Average Chesterfield County Tax Rate
0.92%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moseley, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23120 | 0.91% | 0.91% | 0.92% | 0.99% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Moseley, Virginia
In Moseley, 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 Chesterfield 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. 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 Moseley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Moseley is $4408 in the 23120 zip code, which is also the lowest median tax bill.
Average Moseley Assessed Value
$467,800
Average Chesterfield County Assessed Value
$304,500
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moseley, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23120 | $100,000 | $332,300 | $467,800 | $565,825 | $669,700 |
Source: Ownwell
Property Tax Bills Across Moseley, Virginia
In Moseley, Chesterfield County, VA, property tax bills are calculated based on the assessed value of your home, which is determined by local assessors. This value is then multiplied by the local tax rate to calculate your annual property tax bill. For instance, with a median home price of $467,800, the tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $3,112, while those in the 75th percentile might see bills as high as $5,304. At the 90th percentile, the tax bill can reach up to $6,224. These figures are influenced by several factors, including property location, home size, and market conditions. Compared to the national median property tax rate of 0.99%, Moseley's property taxes can be relatively high, impacting homeowners' budgets substantially. Understanding these factors can help homeowners better plan their finances and anticipate annual property tax obligations.
Average Moseley Tax Bill
$4,408
Average Chesterfield County Tax Bill
$2,742
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Moseley, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23120 | $910 | $3,112 | $4,408 | $5,304 | $6,224 |
Source: Ownwell