Ringgold, Virginia Property Taxes
The median property tax rate in Ringgold, VA is 0.69%, considerably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Ringgold, the typical annual property tax bill reaches $482, significantly below the national median of $2,690. Property taxes in Ringgold are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ringgold'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 Ringgold 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
Ringgold, 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 Ringgold Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ringgold with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ringgold 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 Ringgold, Virginia
Property taxes in Ringgold, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ringgold is 0.69%, lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Ringgold set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ringgold 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 Ringgold's effective property tax rate to other counties in Virginia and the national median. For comparison, the 24586 zip code has the highest median property tax rate of 0.69%, while the same zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Ringgold provides valuable insights into the varying tax landscape across Pittsylvania County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ringgold Tax Rate
0.69%
Average Pittsylvania County Tax Rate
0.67%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ringgold, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24586 | 0.62% | 0.62% | 0.69% | 0.76% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Ringgold, Virginia
In Ringgold, 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 Pittsylvania 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 Ringgold, 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. The highest median tax bill in Ringgold is $482 in the 24586 zip code, while the lowest median tax bill is also $482 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ringgold Assessed Value
$61,900
Average Pittsylvania County Assessed Value
$56,200
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ringgold, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24586 | $7,000 | $16,000 | $61,900 | $126,800 | $196,200 |
Source: Ownwell
Property Tax Bills Across Ringgold, Virginia
Property tax bills in Ringgold, VA, are calculated based on the assessed value of a property, which is determined by the Pittsylvania County assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Ringgold, the median home price is $61,900. The tax bill can vary significantly, with the 25th percentile at $112 and the 75th percentile reaching $894. At the 90th percentile, homeowners might see tax bills as high as $1,314. The local tax rate and the assessed value are crucial factors in determining the tax bill. Compared to the national median property tax rate of 0.99%, Ringgold offers relatively affordable property taxes. However, these taxes still impact homeowners by contributing to the overall cost of homeownership. Understanding how these bills are calculated can help homeowners budget more effectively and potentially seek tax relief or exemptions if available.
Average Ringgold Tax Bill
$482
Average Pittsylvania County Tax Bill
$436
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Ringgold, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24586 | $37 | $112 | $482 | $894 | $1,314 |
Source: Ownwell