Daleville, Virginia Property Taxes
The median property tax rate in Daleville, VA is 0.79%, which is notably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Daleville, the typical annual property tax bill amounts to $2,295, falling below the national median of $2,690. Property taxes in Daleville are calculated based on the tax assessed value, which often is less than the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Daleville'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 Daleville or another part of Botetourt County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Daleville, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$2,413
$2,239
Ownwell’s Daleville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Daleville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Daleville 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 Daleville, Virginia
Property taxes in Daleville, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Daleville is 0.79%, lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Daleville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Daleville 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 Daleville's effective property tax rate to other counties in Virginia and the national median. For comparison, the 24083 zip code has the highest median property tax rate of 0.79%, while the 24083 zip code has the lowest median tax rate of 0.79%. Understanding how these cities compare with Daleville provides valuable insights into the varying tax landscape across Botetourt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Daleville Tax Rate
0.79%
Average Botetourt County Tax Rate
0.79%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Daleville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24083 | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Daleville, Virginia
In Daleville, 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 Botetourt 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 Daleville, 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 Daleville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Daleville are both $2,295, found in the 24083 zip code.
Average Daleville Assessed Value
$305,400
Average Botetourt County Assessed Value
$201,400
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Daleville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24083 | $185,240 | $222,700 | $305,400 | $427,450 | $516,460 |
Source: Ownwell
Property Tax Bills Across Daleville, Virginia
In Daleville, located in Botetourt County, VA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by local assessors who evaluate the market value of the property. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Daleville, the median home price stands at $305,400. Property tax bills can vary significantly, with the 25th percentile at $1,656 and the 75th percentile reaching $3,272. At the 90th percentile, homeowners might see tax bills as high as $3,993. Interestingly, the median tax bill for the area is $2,295, which is notably higher than the national median property tax rate of 0.99%. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Homeowners must budget for these taxes as part of their overall housing costs, influencing both affordability and long-term financial planning.
Average Daleville Tax Bill
$2,295
Average Botetourt County Tax Bill
$1,521
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Daleville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24083 | $1,277 | $1,656 | $2,295 | $3,272 | $3,993 |
Source: Ownwell