Sutherland, Virginia Property Taxes
The median property tax rate in Sutherland, VA is 0.79%, lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Sutherland at $186,400, the typical annual property tax bill is $1,455, which is below the national median of $2,690. Property taxes in Sutherland 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 Sutherland'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 Sutherland or another part of Dinwiddie County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sutherland, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$1,473
Ownwell’s Sutherland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sutherland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sutherland 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 Sutherland, Virginia
Property taxes in Sutherland, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sutherland is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Sutherland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sutherland 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 Sutherland's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 23885 has both the highest and lowest median property tax rate of 0.79%. Understanding how these areas compare with Sutherland provides valuable insights into the varying tax landscape across Dinwiddie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sutherland Tax Rate
0.79%
Average Dinwiddie County Tax Rate
0.79%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sutherland, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23885 | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Sutherland, Virginia
In Sutherland, 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 Dinwiddie 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 Sutherland, 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 in Sutherland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 23885 has the highest and lowest median tax bill, both at $1,455.
Average Sutherland Assessed Value
$186,400
Average Dinwiddie County Assessed Value
$147,500
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sutherland, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23885 | $90,150 | $135,725 | $186,400 | $261,475 | $375,940 |
Source: Ownwell
Property Tax Bills Across Sutherland, Virginia
Property tax bills in Sutherland, located in Dinwiddie County, VA, are calculated based on the assessed value of a property. The assessment reflects the market value, which is determined by the local tax assessor's office. Homeowners in Sutherland experience property tax bills that can vary significantly. For instance, the 25th percentile tax bill is around $1,056, while the 75th percentile tax bill reaches $1,994. At the 90th percentile, homeowners may see tax bills as high as $2,798. The median home price in Sutherland is $186,400, and the median property tax bill stands at $1,455. This rate is notably higher than the national median property tax rate of 0.99%. These figures illustrate the financial impact on homeowners, as higher property values and corresponding tax bills can influence household budgets. Understanding these factors helps homeowners anticipate their annual expenses and plan accordingly.
Average Sutherland Tax Bill
$1,455
Average Dinwiddie County Tax Bill
$1,142
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Sutherland, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23885 | $609 | $1,056 | $1,455 | $1,994 | $2,798 |
Source: Ownwell