Roseland, Virginia Property Taxes
The median property tax rate in Roseland, VA is 0.61%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value in Roseland of $124,400, the typical annual property tax bill is approximately $717, well below the national median of $2,690. Property taxes in Roseland are calculated 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. Understanding Roseland'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 Roseland 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
Roseland, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$759
Ownwell’s Roseland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roseland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roseland 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 Roseland, Virginia
Property taxes in Roseland, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roseland is 0.61%, lower than the U.S. national median of 0.99%. Local government entities within Roseland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roseland 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 Roseland's effective property tax rate to other counties in Virginia and the national median. For comparison, the 22967 zip code has the highest median property tax rate of 0.61%, while the 22967 zip code also has the lowest median tax rate of 0.61%. Understanding how these cities compare with Roseland provides valuable insights into the varying tax landscape across Amherst County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roseland Tax Rate
0.61%
Average Amherst County Tax Rate
0.61%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roseland, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22967 | 0.30% | 0.61% | 0.61% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Roseland, Virginia
In Roseland, 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 Amherst County Assessor 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 Roseland, 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 Roseland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Roseland is $717.00, found in the zip code 22967, while the lowest median tax bill is also $717.00 in the same zip code.
Average Roseland Assessed Value
$124,400
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 Roseland, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22967 | $34,700 | $65,050 | $124,400 | $220,100 | $395,500 |
Source: Ownwell
Property Tax Bills Across Roseland, Virginia
In Roseland, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. The assessed value reflects the market value of the property and is a critical factor in determining the tax bill. Homeowners in Roseland can expect varying tax bills depending on the assessed value of their properties. For instance, the median home price in Roseland is $124,400. Property tax bills in the 25th percentile range around $362, while those in the 75th percentile can be as high as $1,205. The 90th percentile sees tax bills reaching up to $1,704. These tax rates can significantly impact homeowners, affecting their annual financial planning and overall property affordability. Compared to the national median property tax rate of 0.99%, Roseland's tax bills reflect the local economic conditions and property values. Homeowners in Roseland should be aware of these factors to better manage their property expenses and anticipate any changes in their tax obligations.
Average Roseland Tax Bill
$717
Average Amherst County Tax Bill
$778
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Roseland, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22967 | $217 | $362 | $717 | $1,205 | $1,704 |
Source: Ownwell