Blairs, Virginia Property Taxes
The median property tax rate in Blairs, VA is 0.69%, noticeably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Blairs at $71,600, the typical annual property tax bill amounts to $542, which is significantly below the national median of $2,690. Property taxes in Blairs 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 Blairs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Blairs or another part of Pittsylvania County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blairs, Virginia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$1,780
Ownwell’s Blairs Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Blairs with just two data points. By entering your property's assessed value, the calculator uses the median tax rate in Blairs to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax obligations. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Blairs, Virginia
Property taxes in Blairs, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blairs is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Blairs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blairs 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 Blairs' effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 24527 has the highest median property tax rate of 0.69%, while the same zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Blairs provides valuable insights into the varying tax landscape across Pittsylvania County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blairs Tax Rate
0.69%
Average Pittsylvania County Tax Rate
0.67%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blairs, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24527 | 0.62% | 0.62% | 0.69% | 0.75% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Blairs, Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Blairs, Virginia. 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 Pittsylvania 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 Blairs, 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 Blairs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 24527 has the highest median tax bill of $542.00, matching the lowest median tax bill, illustrating the uniformity in property tax assessments in this area.
Average Blairs Assessed Value
$71,600
Average Pittsylvania County Assessed Value
$56,200
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blairs, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24527 | $7,000 | $14,850 | $71,600 | $130,100 | $182,290 |
Source: Ownwell
Property Tax Bills Across Blairs, Virginia
Property tax bills in Blairs, VA are determined by assessing the market value of a property and applying the local tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the tax rate set by Pittsylvania County. For instance, a median home in Blairs valued at $71,600 would have varying tax bills depending on specific circumstances. The tax bill at the 25th percentile is $93, while it rises to $891 at the 75th percentile, and reaches $1,206 at the 90th percentile. These tax bills are influenced by factors such as property size, location, and improvements made to the property. Compared to the national median property tax rate of 0.99%, homeowners in Blairs might find their tax obligations relatively manageable. However, the highest and lowest median tax bills in Blairs are both $542, indicating some consistency in tax assessments within the zip code 24527. This consistency can provide homeowners with a clearer expectation of their annual tax responsibilities.
Average Blairs Tax Bill
$542
Average Pittsylvania County Tax Bill
$436
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Blairs, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24527 | $43 | $93 | $542 | $891 | $1,206 |
Source: Ownwell