Mendota, Virginia Property Taxes
The median property tax rate in Mendota, VA is 0.60%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Mendota, the typical annual property tax bill reaches $493, well below the national median of $2,690. Property taxes in Mendota 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 Mendota'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 Mendota 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
Mendota, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$539
Ownwell’s Mendota Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mendota with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mendota 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 Mendota, Virginia
Property taxes in Mendota, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mendota is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Mendota set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mendota 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 Mendota's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 24270 has both the highest and lowest median property tax rate of 0.60%. Understanding how these cities compare with Mendota provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mendota Tax Rate
0.60%
Average Washington County Tax Rate
0.60%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mendota, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24270 | 0.32% | 0.48% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Mendota, Virginia
In Mendota, 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 Washington 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 Mendota, 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. The median home price in Mendota is $89,800, with tax bills ranging from $268 at the 25th percentile to $1,107 at the 90th percentile. The zip code 24270 has the highest median tax bill at $493. 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 Mendota helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mendota Assessed Value
$89,800
Average Washington County Assessed Value
$132,200
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mendota, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24270 | $26,200 | $58,250 | $89,800 | $148,500 | $226,540 |
Source: Ownwell
Property Tax Bills Across Mendota, Virginia
In Mendota, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Mendota, Washington County, face property tax bills that vary significantly. For instance, the 25th percentile tax bill is $268, while the 75th percentile tax bill reaches $810, and the 90th percentile tax bill is $1,107. These figures indicate a range of tax burdens depending on the assessed value of the property. Factors such as property size, location, and market conditions influence the assessed value. This, in turn, affects the tax bill. The median home price in Mendota is $89,800, which provides a context for these tax figures. Compared to the national median property tax rate of 0.99%, Mendota's tax rates reflect a localized approach to property taxation. Homeowners must budget for these taxes, which fund essential public services and infrastructure, impacting overall affordability and financial planning.
Average Mendota Tax Bill
$493
Average Washington County Tax Bill
$753
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Mendota, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24270 | $119 | $268 | $493 | $810 | $1,107 |
Source: Ownwell