Jetersville, Virginia Property Taxes
The median property tax rate in Jetersville, VA is 0.38%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Jetersville at $175,650, the typical annual property tax bill is approximately $667, well below the national median of $2,690. Property taxes in Jetersville are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Jetersville'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 Jetersville or another part of Amelia County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jetersville, 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 Jetersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jetersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jetersville 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 Jetersville, Virginia
Property taxes in Jetersville, Virginia, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Jetersville stands at 0.38%, which is below both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Jetersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jetersville 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. Understanding how Jetersville's effective property tax rate compares to other counties in Virginia and the national median provides valuable insights into the varying tax landscape across Amelia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jetersville Tax Rate
0.38%
Average Amelia County Tax Rate
0.38%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jetersville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23083 | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% |
Source: Ownwell
Property Tax Assessment Values Across Jetersville, Virginia
In Jetersville, 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 Amelia 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 Jetersville, 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. For instance, the median home price is $175,650, with tax bills ranging from $428 at the 25th percentile to $1,301 at the 90th percentile. The highest and lowest median tax bills are both $667 in zip code 23083. 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 Jetersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jetersville Assessed Value
$175,650
Average Amelia County Assessed Value
$193,300
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jetersville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23083 | $54,360 | $112,500 | $175,650 | $255,300 | $342,470 |
Source: Ownwell
Property Tax Bills Across Jetersville, Virginia
In Jetersville, located in Amelia County, VA, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the local tax assessor and reflects the market value of the home. Homeowners in Jetersville can expect their tax bills to vary significantly, with the 25th percentile tax bill around $428 and the 75th percentile reaching up to $970. For those in the 90th percentile, tax bills can be as high as $1301. Comparatively, the median property tax rate in Jetersville is relatively low when compared to the national median rate of 0.99%. This can provide some relief to homeowners, making it a more affordable area in terms of property taxes. However, the tax rate and assessed value are not the only factors; exemptions and local policies also play a crucial role. Understanding these elements can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Jetersville Tax Bill
$667
Average Amelia County Tax Bill
$735
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Jetersville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23083 | $207 | $428 | $667 | $970 | $1,301 |
Source: Ownwell