Pulaski, Virginia Property Taxes
The median property tax rate in Pulaski, VA is 0.74%, which is notably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $88,400 in Pulaski, the typical annual property tax bill is around $647, significantly less than the national median of $2,690. Property taxes in Pulaski are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pulaski'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 Pulaski 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
Pulaski, 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 Pulaski Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pulaski with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pulaski 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 Pulaski, Virginia
Property taxes in Pulaski, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pulaski is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Pulaski set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pulaski 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 Pulaski's effective property tax rate to other counties in Virginia and the national median. For comparison, the 24301 zip code has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with Pulaski 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 Pulaski 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 Pulaski, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24301 | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Pulaski, Virginia
In Pulaski, 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 Pulaski, 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 Pulaski helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $647 in the zip code 24301, highlighting the uniformity in tax assessments within the area.
Average Pulaski Assessed Value
$88,400
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 Pulaski, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24301 | $29,600 | $51,900 | $88,400 | $148,200 | $215,380 |
Source: Ownwell
Property Tax Bills Across Pulaski, Virginia
In Pulaski, VA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Pulaski is $88,400. Homeowners can expect their tax bills to vary significantly, with the 25th percentile at $373 and the 75th percentile reaching $1,092. For those in the 90th percentile, tax bills can go up to $1,592. The highest and lowest median tax bills in the area are both $647, specifically in the zip code 24301. Several factors influence the property tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Pulaski's tax rates can be considered moderate. These tax bills impact homeowners by contributing to the overall cost of property ownership, influencing decisions on purchasing, selling, or investing in real estate within the region.
Average Pulaski Tax Bill
$647
Average Pulaski County Tax Bill
$883
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Pulaski, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24301 | $208 | $373 | $647 | $1,092 | $1,592 |
Source: Ownwell