Disputanta, Virginia Property Taxes
The median property tax rate in Disputanta, VA is 0.48%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $181,300 in Disputanta, the typical annual property tax bill amounts to $860, well below the national median of $2,690. Property taxes in Disputanta are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Disputanta'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 Disputanta or another part of Sussex County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Disputanta, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$870
Ownwell’s Disputanta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Disputanta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Disputanta 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 Disputanta, Virginia
Property taxes in Disputanta, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Disputanta is 0.48%, which is notably lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Disputanta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Disputanta 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 Disputanta's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 23842 has both the highest and lowest median property tax rate of 0.48%. Understanding how these areas compare with Disputanta provides valuable insights into the varying tax landscape across Sussex County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Disputanta Tax Rate
0.48%
Average Sussex County Tax Rate
0.48%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Disputanta, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23842 | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Disputanta, Virginia
In Disputanta, 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 Sussex 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 Disputanta, 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 Disputanta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Disputanta is $181,300, with the highest and lowest median tax bills both recorded at $860 in the 23842 zip code.
Average Disputanta Assessed Value
$181,300
Average Sussex County Assessed Value
$103,200
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Disputanta, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23842 | $37,420 | $107,050 | $181,300 | $248,750 | $360,960 |
Source: Ownwell
Property Tax Bills Across Disputanta, Virginia
In Disputanta, Sussex County, VA, property tax bills are calculated based on the assessed value of the property and the local tax rate. Homeowners in this region experience property tax rates that can vary significantly. The median home price in Disputanta is $181,300, and the tax bills reflect this valuation. For instance, tax bills in the 25th percentile are around $514, while those in the 75th percentile reach up to $1,184. At the higher end, the 90th percentile tax bills can be as much as $1,674. These figures illustrate the range of property taxes that homeowners might expect to pay, depending on the assessed value of their homes and the specific tax rate applied. Comparatively, the national median property tax rate is 0.99%, positioning Disputanta's property taxes as relatively moderate. Homeowners should consider these factors when budgeting for annual expenses, as property taxes can significantly impact overall financial planning.
Average Disputanta Tax Bill
$860
Average Sussex County Tax Bill
$480
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Disputanta, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23842 | $180 | $514 | $860 | $1,184 | $1,674 |
Source: Ownwell