Dante, Virginia Property Taxes
The median property tax rate in Dante, VA is 0.60%, notably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Dante at $38,000, the typical annual property tax bill is $229, significantly below the national median of $2,690. Property taxes in Dante 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 Dante'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 Dante 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
Dante, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$228
Ownwell’s Dante Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dante with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dante 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 Dante, Virginia
Property taxes in Dante, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dante is 0.60%, lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Dante set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dante 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 Dante's effective property tax rate to other counties in Virginia and the national median. For comparison, the 24237 zip code has the highest median property tax rate of 0.60%, while the same zip code has the lowest median tax rate of 0.60%. Understanding how these cities compare with Dante 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 Dante 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 Dante, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24237 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Dante, Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Dante, Virginia. 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 Dante, 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 Dante is $38,000. The tax bill at the 25th percentile is $106, while at the 75th percentile it is $372, and at the 90th percentile, it reaches $544. The zip code with the highest median tax bill is 24237, with a median tax bill of $229, and the lowest median tax bill is also in the same zip code at $229. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dante Assessed Value
$38,000
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 Dante, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24237 | $7,940 | $16,900 | $38,000 | $61,400 | $90,480 |
Source: Ownwell
Property Tax Bills Across Dante, Virginia
In Dante, located in Dickenson County, VA, property tax bills are calculated based on the assessed value of a home. The median home price in Dante is $38,000, which is significantly lower than the national median. Property tax rates in this area are determined by local government authorities and are applied to the assessed value of the property to calculate the tax bill. Factors such as the home's condition, location, and market trends influence its assessed value. In Dante, the 25th percentile tax bill is $106, while the 75th percentile tax bill is $372, and at the 90th percentile, it rises to $544. These figures indicate the range of what homeowners might expect to pay annually, depending on their property's assessed value. For homeowners in Dante, understanding these factors is crucial as they directly impact the amount owed in property taxes. Lower home values typically result in lower tax bills, but homeowners must stay informed about any changes in local tax rates or property assessments that might affect their annual obligations.
Average Dante Tax Bill
$229
Average Dickenson County Tax Bill
$312
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Dante, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24237 | $52 | $106 | $229 | $372 | $544 |
Source: Ownwell