Alberta, Virginia Property Taxes
The median property tax rate in Alberta, VA is 0.65%, considerably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Alberta at $42,300, the typical annual property tax bill reaches $275, well below the national median of $2,690. Property taxes in Alberta 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 Alberta'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 Alberta 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
Alberta, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$275
Ownwell’s Alberta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alberta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alberta 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 Brunswick County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Alberta, Virginia
Property taxes in Alberta, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alberta is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Alberta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alberta 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 Alberta's effective property tax rate to other counties in Virginia and the national median. For comparison, the 23821 zip code has the highest median property tax rate of 0.65%, while the same zip code also has the lowest median tax rate of 0.65%. Understanding how these areas compare with Alberta provides valuable insights into the varying tax landscape across Brunswick County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alberta Tax Rate
0.65%
Average Brunswick County Tax Rate
0.65%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alberta, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23821 | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Alberta, Virginia
In Alberta, 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 Brunswick 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 Alberta, 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 in Alberta is $42,300, with tax bills ranging from $151 at the 25th percentile to $862 at the 90th percentile. The highest and lowest median tax bills both stand at $275 in the 23821 zip code. 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 Alberta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Alberta Assessed Value
$42,300
Average Brunswick County Assessed Value
$41,900
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alberta, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23821 | $15,700 | $23,100 | $42,300 | $81,500 | $128,440 |
Source: Ownwell
Property Tax Bills Across Alberta, Virginia
In Alberta, VA, located in Brunswick County, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. For a median home priced at $42,300, this valuation is crucial in determining the tax bill. The tax rate in Alberta is applied to this assessed value to calculate the annual property tax bill. The tax bill can vary significantly, with the 25th percentile at $151, the 75th percentile at $533, and the 90th percentile reaching $862. The highest median tax bill recorded is $275, which is consistent across different zip codes in the area. These property taxes directly impact homeowners, influencing their annual expenses and potentially affecting their financial planning. Compared to the national median property tax rate of 0.99%, Alberta's tax rates can be considered relatively moderate, making it an essential consideration for current and prospective homeowners in the region.
Average Alberta Tax Bill
$275
Average Brunswick County Tax Bill
$272
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Alberta, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23821 | $120 | $151 | $275 | $533 | $862 |
Source: Ownwell