Rosedale, Virginia Property Taxes
The median property tax rate in Rosedale, VA is 0.63%, which is significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $137,000 in Rosedale, the typical annual property tax bill amounts to $863, falling well below the national median of $2,690. Property taxes in Rosedale are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Rosedale'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 Rosedale or another part of Russell County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rosedale, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$863
Ownwell’s Rosedale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rosedale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rosedale 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 Russell County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Rosedale, Virginia
Property taxes in Rosedale, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rosedale is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Rosedale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rosedale 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 Rosedale's effective property tax rate to other areas in Russell County and the national median. For comparison, the zip code 24280 has both the highest and lowest median property tax rate of 0.63%. Understanding how these areas compare with Rosedale provides valuable insights into the varying tax landscape across Russell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rosedale Tax Rate
0.63%
Average Russell County Tax Rate
0.63%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rosedale, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24280 | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Rosedale, Virginia
In Rosedale, 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 Russell 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 Rosedale, 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 Rosedale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rosedale is $137,000, with median tax bills ranging from $638 at the 25th percentile to $1,415 at the 90th percentile. The highest and lowest median tax bills, both at $863, are found in the 24280 zip code.
Average Rosedale Assessed Value
$137,000
Average Russell County Assessed Value
$78,900
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rosedale, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24280 | $72,120 | $101,200 | $137,000 | $171,950 | $224,680 |
Source: Ownwell
Property Tax Bills Across Rosedale, Virginia
In Rosedale, VA, located in Russell County, property tax bills are calculated based on the assessed value of a home. The median home price in Rosedale is $137,000. To determine the property tax, the assessed value is multiplied by the local tax rate. For example, with the national median property tax rate at 0.99%, a homeowner in Rosedale could expect a tax bill of approximately $1,356 annually. However, the actual tax bills in Rosedale vary widely. Tax bills in the 25th percentile are around $638, while those in the 75th percentile can reach up to $1,083. For the highest 10% of property tax bills, homeowners might pay as much as $1,415. The highest and lowest median tax bills in the area are both $863, indicating a relatively consistent tax rate across different properties. These variations can significantly impact homeowners, influencing their financial planning and overall cost of homeownership. Understanding these factors helps residents anticipate their annual property tax obligations.
Average Rosedale Tax Bill
$863
Average Russell County Tax Bill
$497
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Rosedale, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24280 | $454 | $638 | $863 | $1,083 | $1,415 |
Source: Ownwell