La Crosse, Virginia Property Taxes
The median property tax rate in LA CROSSE, VA is 0.40%, 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 $88,950, the typical annual property tax bill amounts to $355, far 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
$2,500,000
$5,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$1,780
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LA CROSSE is 0.52%, which is higher than both the Virginia state median of 0.40% 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 0.52%, while the 23947 zip code has the lowest median tax rate of 0.40%. Understanding how these cities compare with LA CROSSE provides valuable insights into the varying tax landscape across Mecklenburg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Crosse Tax Rate
0.40%
Average Mecklenburg County Tax Rate
0.40%
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 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
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 Mecklenburg 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 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 median home price in LA CROSSE is $88,950, with a tax bill ranging from $210 at the 25th percentile to $923 at the 90th percentile. The highest and lowest median tax bills both stand at $355 in the 23950 zip code.
Average La Crosse Assessed Value
$88,950
Average Mecklenburg County Assessed Value
$106,700
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 | $22,810 | $52,500 | $88,950 | $147,325 | $230,680 |
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 home. The assessed value is determined by local assessors who evaluate the property's market value. Once the assessed value is established, the local tax rate, also known as the mill rate, is applied to calculate the annual property tax bill. For example, in LA CROSSE, the median home price is $88,950. The property tax bill can vary significantly depending on the value of the home and the specific area within the city. Homeowners in the 25th percentile can expect to pay around $210 annually, while those in the 75th percentile may pay approximately $589. At the 90th percentile, the tax bill can reach up to $923. These property taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, LA CROSSE offers a relatively affordable tax environment, making it an attractive option for homeowners.
Average La Crosse Tax Bill
$355
Average Mecklenburg County Tax Bill
$427
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 | $90 | $210 | $355 | $589 | $923 |
Source: Ownwell