Amherst County, Virginia Property Taxes
The median property tax rate in Amherst County is 0.61%, 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 $130,550 in Amherst County, the typical annual property tax bill is $778, far below the national median of $2,690. Property taxes in Amherst County are calculated based on the assessed value, which is often lower than the actual market value due to various property tax exemptions like primary residence and agricultural exemptions. Understanding Amherst County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Amherst or another part of Amherst County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Amherst County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$796
$739
Ownwell’s Amherst Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Amherst with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Amherst to provide an accurate estimate of your property tax bill. This insight helps you understand potential tax liabilities. For trends at a more granular level, explore our city-specific informational pages. Your property's assessed value is the figure assigned by your county for property tax calculations, which considers any exemptions you may qualify for.
Property Tax Rates Across Amherst County, Virginia
Property taxes in Amherst County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Amherst County is 0.61%, which is lower than the U.S. national median of 0.99%. Local government entities within Amherst County set these rates annually, and they can vary significantly between different areas within the county. Each year, Amherst County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Amherst County's effective property tax rate with other counties and the national median. For comparison, the city of Amherst has one of the higher property tax rates in the region at 0.61%, while the same city also boasts one of the lowest at 0.61%. Analyzing how Amherst County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Amherst County Tax Rate
0.61%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Amherst County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amherst | 0.47% | 0.61% | 0.61% | 0.61% | 0.61% |
| Arrington | 0.39% | 0.61% | 0.61% | 0.61% | 0.61% |
| Big Island | N/A | N/A | N/A | N/A | N/A |
| Gladstone | 0.39% | 0.61% | 0.61% | 0.61% | 0.61% |
| Lowesville | N/A | N/A | N/A | N/A | N/A |
| Madison Heights | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% |
| Monroe | 0.49% | 0.61% | 0.61% | 0.61% | 0.61% |
| Roseland | 0.30% | 0.61% | 0.61% | 0.61% | 0.61% |
| Vesuvius | 0.28% | 0.61% | 0.61% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Amherst County, Virginia
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Amherst. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Amherst Appraisal District. The assessed value, however, 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. Assessment notices in Amherst are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, Amherst has the highest median tax bill in the county at $855, while Arrington has the lowest at $419. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Amherst will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Amherst County, Virginia
Source: Ownwell
$78,900
$121,475
$164,050
Average Amherst County Assessed Value
$130,550
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Amherst County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amherst | $53,470 | $91,300 | $146,200 | $224,250 | $328,290 |
| Arrington | $26,120 | $40,700 | $78,900 | $144,550 | $186,870 |
| Big Island | N/A | N/A | N/A | N/A | N/A |
| Gladstone | $29,620 | $53,400 | $97,000 | $157,500 | $290,060 |
| Lowesville | N/A | N/A | N/A | N/A | N/A |
| Madison Heights | $52,600 | $85,200 | $123,900 | $164,400 | $231,620 |
| Monroe | $50,300 | $85,875 | $143,950 | $230,875 | $340,220 |
| Roseland | $34,700 | $65,050 | $124,400 | $220,100 | $395,500 |
| Vesuvius | $54,720 | $84,575 | $164,050 | $284,525 | $421,270 |
Source: Ownwell
Property Tax Bills Across Amherst County, Virginia
In Amherst County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Several factors influence the tax bill, including the home's location, size, and market value. Homeowners in Amherst County experience varying tax bills, with the 25th percentile paying around $501 and the 75th percentile paying approximately $1,136. The 90th percentile sees tax bills as high as $1,664. Compared to the national median property tax rate of 0.99%, Amherst County offers a range of tax bills that reflect the diverse property values within the area. For instance, the highest median tax bill in the county is $855 in the city of Amherst, whereas Arrington has the lowest median tax bill at $419. These variations significantly impact homeowners, influencing decisions on property purchases and overall affordability in the region.
Average Amherst County Tax Bill
$778
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Amherst County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amherst | $271 | $525 | $855 | $1,286 | $1,894 |
| Arrington | $146 | $237 | $419 | $882 | $1,140 |
| Big Island | N/A | N/A | N/A | N/A | N/A |
| Gladstone | $152 | $308 | $583 | $914 | $1,463 |
| Lowesville | N/A | N/A | N/A | N/A | N/A |
| Madison Heights | $294 | $504 | $749 | $997 | $1,386 |
| Monroe | $272 | $495 | $847 | $1,340 | $1,920 |
| Roseland | $217 | $362 | $717 | $1,205 | $1,704 |
| Vesuvius | $289 | $495 | $842 | $1,590 | $2,044 |
Source: Ownwell