Dundas, Virginia Property Taxes
The median property tax rate in Dundas, VA is 0.38%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Dundas, the typical annual property tax bill is $368, far below the national median of $2,690. Property taxes in Dundas 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 Dundas'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 Dundas 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
Dundas, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$363
Ownwell’s Dundas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dundas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dundas 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 Dundas, Virginia
Property taxes in Dundas, Virginia, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Dundas is 0.38%, which is lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Dundas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dundas 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 Dundas's effective property tax rate to other counties in Virginia and the national median. Understanding how these cities compare with Dundas provides valuable insights into the varying tax landscape across Lunenburg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dundas Tax Rate
0.38%
Average Lunenburg County Tax Rate
0.38%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dundas, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23938 | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% |
Source: Ownwell
Property Tax Assessment Values Across Dundas, Virginia
In Dundas, 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 Lunenburg 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. Assessment notices in Dundas 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. For instance, the highest median tax bill in Dundas is $368 in the 23938 zip code, while the lowest is also $368 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dundas Assessed Value
$95,500
Average Lunenburg County Assessed Value
$83,400
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dundas, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23938 | $19,700 | $47,000 | $95,500 | $139,700 | $221,000 |
Source: Ownwell
Property Tax Bills Across Dundas, Virginia
In Dundas, located in Lunenburg County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Dundas is $95,500. Property taxes are then applied at a rate determined by the local government. Various factors influence this rate, including the city's budgetary needs, public services, and infrastructure requirements. Homeowners in Dundas can expect their tax bills to vary significantly. For instance, at the 25th percentile, the tax bill is around $187, while at the 75th percentile, it rises to approximately $533. At the 90th percentile, homeowners might see tax bills as high as $841. The highest median tax bill in the area, recorded in the zip code 23938, is $368, which is notably lower than the national median property tax rate of 0.99%. These property taxes fund essential services such as public schools, emergency services, and road maintenance, directly impacting the quality of life for residents.
Average Dundas Tax Bill
$368
Average Lunenburg County Tax Bill
$320
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Dundas, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23938 | $75 | $187 | $368 | $533 | $841 |
Source: Ownwell