Dublin, Virginia Property Taxes
The median property tax rate in Dublin, VA is 0.60%, 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 $93,400 in Dublin, the typical annual property tax bill is $560, well below the national median of $2,690. Property taxes in Dublin are calculated based on the assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Dublin'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 Dublin or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dublin, Virginia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$1,780
Ownwell’s Dublin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dublin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dublin 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 Dublin, Virginia
Property taxes in Dublin, Virginia, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Dublin is 0.60%, which is lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Dublin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dublin 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 Dublin's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 24084 has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these cities compare with Dublin provides valuable insights into the varying tax landscape across Pulaski County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dublin Tax Rate
0.60%
Average Bland County Tax Rate
0.60%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dublin, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24084 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Dublin, Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Dublin, VA. 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 local 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 Dublin, 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. For instance, the median home price in Dublin is $93,400, with tax bills ranging from $296 at the 25th percentile to $1,447 at the 90th percentile. 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 Dublin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dublin Assessed Value
$93,400
Average Bland County Assessed Value
$87,700
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dublin, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24084 | $24,100 | $49,500 | $93,400 | $176,000 | $249,100 |
Source: Ownwell
Property Tax Bills Across Dublin, Virginia
In Dublin, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. The assessed value is then multiplied by the local tax rate to arrive at the annual property tax bill. Dublin's median home price is $93,400, and the property tax rate is comparable to the national median of 0.99%. Homeowners in Dublin can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $296, while the 75th percentile tax bill reaches $1,031. At the 90th percentile, homeowners might pay up to $1,447. These variations depend on the specific assessed value of the property and any applicable exemptions or deductions. Understanding these factors is crucial for Dublin homeowners as property taxes can significantly impact annual household expenses. Accurate assessments and awareness of available exemptions can help manage these costs effectively.
Average Dublin Tax Bill
$560
Average Bland County Tax Bill
$528
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Dublin, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24084 | $144 | $296 | $560 | $1,031 | $1,447 |
Source: Ownwell