Birchleaf, Virginia Property Taxes
The median property tax rate in Birchleaf, VA is 0.60%, considerably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Birchleaf, the typical annual property tax bill reaches $351, significantly below the national median of $2,690. Property taxes in Birchleaf 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 Birchleaf'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 Birchleaf or another part of Dickenson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Birchleaf, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$351
Ownwell’s Birchleaf Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Birchleaf with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Birchleaf 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 Birchleaf, Virginia
Property taxes in Birchleaf, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Birchleaf is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Birchleaf set these rates annually, and they can vary significantly across different neighborhoods. Each year, Birchleaf 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 Birchleaf's effective property tax rate to other counties in Virginia and the national median. For comparison, the 24220 zip code has the highest median property tax rate of 0.60%, while the 24220 zip code also has the lowest median tax rate of 0.60%. Understanding how these cities compare with Birchleaf provides valuable insights into the varying tax landscape across Dickenson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Birchleaf Tax Rate
0.60%
Average Dickenson County Tax Rate
0.60%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Birchleaf, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24220 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Birchleaf, Virginia
In Birchleaf, 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 Dickenson 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 Birchleaf, 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. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Birchleaf is $58,500, with tax bills ranging from $198 at the 25th percentile to $620 at the 90th percentile. The zip code 24220 has both the highest and lowest median tax bill at $351.00.
Average Birchleaf Assessed Value
$58,500
Average Dickenson County Assessed Value
$51,100
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Birchleaf, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24220 | $11,800 | $32,950 | $58,500 | $76,400 | $102,560 |
Source: Ownwell
Property Tax Bills Across Birchleaf, Virginia
In Birchleaf, located in Dickenson County, VA, property tax bills are calculated based on the assessed value of a home. The median home price in Birchleaf is $58,500. Property taxes are determined by multiplying the assessed value by the local tax rate. Factors such as property improvements, location, and market conditions can influence the assessed value. Homeowners in Birchleaf experience a range of property tax bills. For example, the 25th percentile tax bill is $198, while the 75th percentile tax bill is $458, and the 90th percentile tax bill reaches $620. These figures indicate a variation in tax burdens among homeowners, reflecting differences in property values and assessments. Compared to the national median property tax rate of 0.99%, Birchleaf's property tax rates can be seen as relatively moderate. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances accordingly. The highest and lowest median tax bills both stand at $351, indicating some consistency in tax assessments within the area.
Average Birchleaf Tax Bill
$351
Average Dickenson County Tax Bill
$312
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Birchleaf, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24220 | $71 | $198 | $351 | $458 | $620 |
Source: Ownwell