Dublin, Virginia Property Taxes
The median property tax rate in Dublin, VA is 0.74%, notably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Dublin at $139,700, the typical annual property tax bill amounts to $1,029, which is significantly less than the national median of $2,690. Property taxes in Dublin are determined based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Gaining a thorough understanding of Dublin's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in considerable annual savings. Whether you're in the heart of Dublin or another part of Pulaski County, familiarizing yourself with the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Dublin, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$1,034
Ownwell’s Dublin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dublin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dublin 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 Dublin, Virginia
Property taxes in Dublin, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dublin is 0.74%, lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Dublin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dublin 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 Dublin's effective property tax rate to other counties in Virginia and the national median. For comparison, the 24084 zip code has the highest median property tax rate of 0.74%, while the 24084 zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with Dublin provides valuable insights into the varying tax landscape across Pulaski County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dublin Tax Rate
0.74%
Average Pulaski County Tax Rate
0.74%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dublin, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24084 | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Dublin, Virginia
In Dublin, 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 Pulaski 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 Dublin, 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. The median home price in Dublin is $139,700, with tax bills ranging from $747 at the 25th percentile to $2,075 at the 90th percentile. Notably, the highest and lowest median tax bills are both found in the 24084 zip code, at $1,029. Being aware of these valuation processes in Dublin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dublin Assessed Value
$139,700
Average Pulaski County Assessed Value
$120,000
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dublin, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24084 | $56,500 | $102,000 | $139,700 | $198,400 | $281,540 |
Source: Ownwell
Property Tax Bills Across Dublin, Virginia
In Dublin, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the property tax rate set by Pulaski County to determine the annual tax bill. For homeowners in Dublin, the median home price is $139,700, and the property tax rate is reflective of the county's standards. Several factors influence the tax bill, including the property's assessed value, any applicable exemptions, and the local tax rate. Homeowners in Dublin can expect their property tax bills to vary, with the 25th percentile at $747, the 75th percentile at $1463, and the 90th percentile reaching $2075. Compared to the national median property tax rate of 0.99%, Dublin's tax bills are relatively moderate, providing a balanced financial impact on homeowners. This system ensures that property taxes are fairly distributed based on property values, supporting local services and infrastructure.
Average Dublin Tax Bill
$1,029
Average Pulaski County Tax Bill
$883
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Dublin, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24084 | $405 | $747 | $1,029 | $1,463 | $2,075 |
Source: Ownwell