Roseland, Virginia Property Taxes
The median property tax rate in Roseland, VA is 0.65%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Roseland at $246,200, the typical annual property tax bill is $1,511, well below the national median of $2,690. Property taxes in Roseland are calculated based on the assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Roseland'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 Roseland 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
Roseland, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$1,600
Ownwell’s Roseland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roseland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roseland 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 Roseland, Virginia
Property taxes in Roseland, Virginia, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Roseland is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Roseland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roseland 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 Roseland's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 22967 has both the highest and lowest median property tax rate of 0.65%. Understanding how these regions compare with Roseland provides valuable insights into the varying tax landscape across Nelson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roseland Tax Rate
0.65%
Average Nelson County Tax Rate
0.65%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roseland, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22967 | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% |
| 22976 | 0.21% | 0.21% | 0.21% | 0.21% | 0.21% |
Source: Ownwell
Property Tax Assessment Values Across Roseland, Virginia
Understanding the difference between "market value" and "assessed value" in Roseland, Virginia, is essential 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 Nelson 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 Roseland, 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 median home price in Roseland is $246,200, with tax bills ranging from $677 at the 25th percentile to $3,655 at the 90th percentile. Zip code 22976 has the highest median tax bill at $1,705, while zip code 22967 has the lowest at $1,506. 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 Roseland Assessed Value
$246,200
Average Nelson County Assessed Value
$144,600
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roseland, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22967 | $35,000 | $108,500 | $246,200 | $401,750 | $589,820 |
| 22976 | $810,400 | $810,400 | $810,400 | $810,400 | $810,400 |
Source: Ownwell
Property Tax Bills Across Roseland, Virginia
In Roseland, Nelson County, VA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by local tax assessors who evaluate the property's market value. The tax rate is then applied to this assessed value to calculate the annual tax bill. Homeowners in Roseland typically see a range of tax bills, with the 25th percentile paying around $677 and the 75th percentile paying up to $2527. The highest median tax bill in the area is $1705, found in the 22976 zip code, while the lowest is $1506 in the 22967 zip code. These property taxes are critical as they fund essential local services such as schools, public safety, and infrastructure. For homeowners, understanding these factors can help in budgeting for annual expenses and making informed decisions about property investments. Compared to the national median property tax rate of 0.99%, Roseland's property tax landscape offers a varied but generally manageable financial obligation for its residents.
Average Roseland Tax Bill
$1,511
Average Nelson County Tax Bill
$896
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Roseland, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22967 | $195 | $677 | $1,506 | $2,527 | $3,655 |
| 22976 | $1,705 | $1,705 | $1,705 | $1,705 | $1,705 |
Source: Ownwell