Saint Charles, Virginia Property Taxes
The median property tax rate in Saint Charles, VA is 0.62%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Saint Charles at $16,000, the typical annual property tax bill is just $99, well below the national median of $2,690. Property taxes in Saint Charles 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 Saint Charles's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Saint Charles or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Charles, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$99
Ownwell’s Saint Charles Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Charles with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Charles 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 Saint Charles, Virginia
Property taxes in Saint Charles, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Charles is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Saint Charles set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Charles 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 Saint Charles' effective property tax rate to other counties in Virginia and the national median. For comparison, the 24282 zip code has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these cities compare with Saint Charles provides valuable insights into the varying tax landscape across Lee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Charles Tax Rate
0.62%
Average Lee County Tax Rate
0.62%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Charles, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24282 | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Saint Charles, Virginia
In Saint Charles, 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 Lee 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 Saint Charles, 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 tax bill at the 25th percentile is $54, while at the 75th percentile, it is $146. 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 Saint Charles helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saint Charles Assessed Value
$16,000
Average Lee County Assessed Value
$50,600
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Charles, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24282 | $4,300 | $8,700 | $16,000 | $23,600 | $38,900 |
Source: Ownwell
Property Tax Bills Across Saint Charles, Virginia
In Saint Charles, VA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local tax assessor, who evaluates the market value of the property. The tax rate is applied to this assessed value to determine the annual property tax bill. For instance, in Lee County, where Saint Charles is located, the median home price is $16,000. Homeowners in this area can expect a tax bill that varies significantly based on their property’s assessed value. At the 25th percentile, the tax bill is around $54, while at the 75th percentile, it rises to approximately $146. For those at the 90th percentile, the tax bill can reach up to $241. These variations reflect differences in property values and the corresponding tax liabilities. Compared to the national median property tax rate of 0.99%, the property tax rates in Saint Charles can be considered relatively modest, providing some financial relief to homeowners in the region.
Average Saint Charles Tax Bill
$99
Average Lee County Tax Bill
$316
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Charles, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24282 | $27 | $54 | $99 | $146 | $241 |
Source: Ownwell