Skippers, Virginia Property Taxes
The median property tax rate in Skippers, VA is 0.67%, considerably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Skippers at $81,400, the typical annual property tax bill reaches $547, significantly less than the national median of $2,690. Property taxes in Skippers 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 Skippers' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Skippers or another part of Greensville County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Skippers, 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 Skippers Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Skippers with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Skippers 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 Skippers, Virginia
Property taxes in Skippers, Virginia, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Skippers is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Skippers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Skippers 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 Skippers' effective property tax rate to other areas in Greensville County and the national median. For comparison, the zip code 23879 has both the highest and lowest median property tax rate within Greensville County at 0.67%. Understanding how these areas compare with Skippers provides valuable insights into the varying tax landscape across Greensville County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Skippers Tax Rate
0.67%
Average Greensville County Tax Rate
0.67%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Skippers, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23879 | 0.67% | 0.67% | 0.67% | 0.67% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Skippers, Virginia
In Skippers, 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 Greensville 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 Skippers, 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 Skippers helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Skippers is $81,400, with the 25th percentile tax bill at $381 and the 75th percentile at $797. The highest and lowest median tax bills are both $547 in the 23879 zip code.
Average Skippers Assessed Value
$81,400
Average Greensville County Assessed Value
$83,950
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Skippers, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23879 | $32,740 | $55,800 | $81,400 | $118,700 | $182,520 |
Source: Ownwell
Property Tax Bills Across Skippers, Virginia
In Skippers, located in Greensville County, VA, property tax bills are calculated based on the assessed value of a property, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Skippers, the median home price is $81,400, which significantly influences the tax bill. Factors such as property size, location, and condition also play a crucial role in the assessment process. Homeowners in Skippers can expect a range of tax bills, with the 25th percentile at $381, the 75th percentile at $797, and the 90th percentile reaching up to $1,224. The highest and lowest median tax bills are both recorded at $547 in the zip code 23879. These tax rates impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Skippers offers relatively affordable property tax rates, making it an attractive option for homeowners seeking lower tax burdens.
Average Skippers Tax Bill
$547
Average Greensville County Tax Bill
$563
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Skippers, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23879 | $218 | $381 | $547 | $797 | $1,224 |
Source: Ownwell