Church View, Virginia Property Taxes
The median property tax rate in Church View, VA is 0.61%, considerably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Church View at $169,150, the typical annual property tax bill reaches $1,003, well below the national median of $2,690. Property taxes in Church View 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 Church View'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 Church View 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
Church View, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$1,032
Ownwell’s Church View Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Church View with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Church View 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 Church View, Virginia
Property taxes in Church View, Virginia, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Church View is 0.61%, which is lower than the U.S. national median of 0.99%. Local government entities within Church View set these rates annually, and they can vary significantly across different neighborhoods. Each year, Church View 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 Church View's effective property tax rate to other areas in Middlesex County and the national median. For comparison, the zip code 23032 has both the highest and lowest median property tax rate of 0.61%, identical to Church View's rate. Understanding how these areas compare with Church View provides valuable insights into the varying tax landscape across Middlesex County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Church View Tax Rate
0.61%
Average Middlesex County Tax Rate
0.61%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Church View, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23032 | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Church View, Virginia
In Church View, 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 Middlesex 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 Church View, 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 Church View helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $1003 in the zip code 23032.
Average Church View Assessed Value
$169,150
Average Middlesex County Assessed Value
$256,200
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Church View, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23032 | $54,810 | $114,050 | $169,150 | $248,900 | $345,220 |
Source: Ownwell
Property Tax Bills Across Church View, Virginia
In Church View, VA, located in Middlesex County, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. Homeowners in Church View experience a range of tax bills, with the 25th percentile at $655 and the 75th percentile at $1482. The 90th percentile tax bill reaches up to $1834. Factors such as property size, location, and improvements can influence the assessed value, which in turn affects the tax bill. Compared to the national median property tax rate of 0.99%, Church View’s rates can be considered relatively moderate, making it an appealing area for homeowners. The highest and lowest median tax bills in the area are both recorded at $1003, indicating a level of consistency in taxation across different properties. This stability can provide homeowners with a predictable financial landscape, aiding in long-term financial planning and investment.
Average Church View Tax Bill
$1,003
Average Middlesex County Tax Bill
$1,538
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Church View, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23032 | $307 | $655 | $1,003 | $1,482 | $1,834 |
Source: Ownwell