Gladstone, Appomattox County, Virginia Property Taxes
The median property tax rate in Gladstone, 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 $90,850 in Gladstone, the typical annual property tax bill is $565, well below the national median of $2,690. Property taxes in Gladstone 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 Gladstone'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 Gladstone 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
Gladstone, Appomattox County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$572
$531
Ownwell’s Gladstone Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gladstone with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gladstone 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 Gladstone, Appomattox County, Virginia
Property taxes in Gladstone, Virginia, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Gladstone is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Gladstone set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gladstone 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 Gladstone's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 24553 has both the highest and lowest median property tax rate of 0.63%. Understanding how these cities compare with Gladstone provides valuable insights into the varying tax landscape across Appomattox County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gladstone Tax Rate
0.63%
Average Appomattox County Tax Rate
0.63%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gladstone, Appomattox County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24553 | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Gladstone, Appomattox County, Virginia
In Gladstone, 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 Appomattox 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 Gladstone, 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 Gladstone helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Gladstone is $565.00, both in the 24553 zip code.
Property Tax Assessment Values Across Gladstone, Appomattox County, Virginia
Source: Ownwell
$47,300
$91,000
$134,700
Average Gladstone Assessed Value
$90,850
Average Appomattox County Assessed Value
$118,500
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gladstone, Appomattox County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24553 | $22,450 | $62,000 | $90,850 | $130,375 | $191,830 |
Source: Ownwell
Property Tax Bills Across Gladstone, Appomattox County, Virginia
In Gladstone, Virginia, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. In Gladstone, the median home price is $90,850, and the property tax rate is applied to this value to calculate the tax bill. Several factors can influence the tax bill, including changes in the assessed value of the property and any applicable exemptions or deductions. Homeowners in Gladstone can expect tax bills that range significantly, with the 25th percentile tax bill at $346 and the 75th percentile tax bill at $821. At the 90th percentile, tax bills can reach up to $1,209, reflecting higher-valued properties or fewer exemptions. Compared to the national median property tax rate of 0.99%, Gladstone's tax bills provide a perspective on how local rates and property values influence the financial obligations of homeowners. This variability affects homeowners' annual budgeting and long-term financial planning, emphasizing the importance of understanding local property tax assessments.
Average Gladstone Tax Bill
$565
Average Appomattox County Tax Bill
$735
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Gladstone, Appomattox County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24553 | $133 | $346 | $565 | $821 | $1,209 |
Source: Ownwell