Cartersville, Virginia Property Taxes
The median property tax rate in Cartersville, VA is 0.75%, lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Cartersville at $153,540, the typical annual property tax bill is $1,148, which is below the national median of $2,690. Property taxes in Cartersville are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cartersville'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 Cartersville 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
Cartersville, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$1,152
Ownwell’s Cartersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cartersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cartersville 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 Cartersville, Virginia
Property taxes in Cartersville, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cartersville is 0.75%, which is lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Cartersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cartersville 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 Cartersville's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 23027 has the highest median property tax rate of 0.75%, while the same zip code also has the lowest median tax rate of 0.75%. Understanding how these cities compare with Cartersville provides valuable insights into the varying tax landscape across Cumberland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cartersville Tax Rate
0.75%
Average Cumberland County Tax Rate
0.75%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cartersville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23027 | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Cartersville, Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Cartersville, Virginia. 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 Cumberland 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 in Cartersville 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. The median home price in Cartersville is $153,540, with tax bills varying significantly. For instance, the 25th percentile tax bill is $689, while the 75th percentile is $1,715, and the 90th percentile reaches $2,449. Notably, the highest and lowest median tax bills are both $1,148, found in the zip code 23027. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cartersville Assessed Value
$153,540
Average Cumberland County Assessed Value
$125,850
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cartersville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23027 | $48,312 | $91,245 | $153,540 | $228,515 | $320,840 |
Source: Ownwell
Property Tax Bills Across Cartersville, Virginia
In Cartersville, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the property tax rate set by Cumberland County. For instance, with the median home price in Cartersville at $153,540, homeowners can expect their tax bills to vary significantly based on the assessed value and exemptions they might qualify for. The tax bills in Cartersville range widely, with the 25th percentile at $689 and the 75th percentile reaching $1,715, while the 90th percentile can be as high as $2,449. These variations reflect differences in property values and any applicable tax exemptions. Comparatively, the highest and lowest median tax bills in Cumberland County are both recorded at $1,148, indicating a relatively consistent tax rate across the region. Understanding these factors is crucial for homeowners, as property taxes directly impact their annual expenses and overall financial planning.
Average Cartersville Tax Bill
$1,148
Average Cumberland County Tax Bill
$944
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Cartersville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23027 | $361 | $689 | $1,148 | $1,715 | $2,449 |
Source: Ownwell