Churchville, Virginia Property Taxes
The median property tax rate in Churchville, VA is 0.63%, which is significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Churchville at $185,100, the typical annual property tax bill is around $1,125, well below the national median of $2,690. Property taxes in Churchville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Churchville'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 Churchville 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
Churchville, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$1,166
Ownwell’s Churchville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Churchville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Churchville 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 Churchville, Virginia
Property taxes in Churchville, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Churchville is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Churchville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Churchville 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 Churchville's effective property tax rate to other counties in Virginia and the national median. For comparison, the 24421 zip code has the highest median property tax rate of 0.63%, while the same 24421 zip code also has the lowest median tax rate of 0.63%. Understanding how these areas compare with Churchville provides valuable insights into the varying tax landscape across Augusta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Churchville Tax Rate
0.63%
Average Augusta County Tax Rate
0.63%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Churchville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24421 | 0.51% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Churchville, Virginia
In Churchville, 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 Augusta County Assessor’s Office 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 Churchville, 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. Churchville's median home price is $185,100, with property tax bills ranging from $785 at the 25th percentile to $2,147 at the 90th percentile. Remarkably, the zip code 24421 has both the highest and lowest median tax bill at $1,125. By understanding 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 Churchville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Churchville Assessed Value
$185,100
Average Augusta County Assessed Value
$204,500
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Churchville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24421 | $98,920 | $127,800 | $185,100 | $281,000 | $372,728 |
Source: Ownwell
Property Tax Bills Across Churchville, Virginia
In Churchville, property tax bills are calculated based on the assessed value of a home, which is determined by the Augusta County assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as the size of the property, location, and any improvements made to the home can affect the assessed value. For homeowners in Churchville, the median home price is $185,100. The property tax bill can vary significantly, with the 25th percentile at $785 and the 75th percentile at $1,641, indicating a range of tax burdens depending on property values and assessments. The highest median tax bill in the area is $1,125, found in the zip code 24421. Comparing this to the national median property tax rate of 0.99%, Churchville's tax bills offer a perspective on how local assessments and tax rates impact homeowners. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Churchville Tax Bill
$1,125
Average Augusta County Tax Bill
$1,250
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Churchville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24421 | $567 | $785 | $1,125 | $1,641 | $2,147 |
Source: Ownwell