Dundas, Virginia Property Taxes
The median property tax rate in Dundas, VA is 0.65%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Dundas at $30,100, the typical annual property tax bill is $224, which is well below the national median of $2,690. Property taxes in Dundas are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Dundas'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 Dundas 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
Dundas, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$196
$182
Ownwell’s Dundas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dundas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dundas 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 Dundas, Virginia
Property taxes in Dundas, Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dundas is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Dundas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dundas 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 Dundas's effective property tax rate to other areas in Virginia and the national median. For comparison, the zip code 23938 has both the highest and lowest median property tax rate of 0.65%. Understanding how these cities compare with Dundas provides valuable insights into the varying tax landscape across Brunswick County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dundas Tax Rate
0.65%
Average Brunswick County Tax Rate
0.65%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dundas, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23938 | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Dundas, Virginia
In Dundas, 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 Brunswick 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 Dundas, 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 Dundas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $224 in zip code 23938, while the lowest median tax bill is also $224 in the same zip code.
Average Dundas Assessed Value
$30,100
Average Brunswick County Assessed Value
$41,900
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dundas, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23938 | $16,900 | $21,850 | $30,100 | $42,750 | $50,340 |
Source: Ownwell
Property Tax Bills Across Dundas, Virginia
In Dundas, located in Brunswick County, VA, property tax bills are calculated based on the assessed value of a property, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. The tax rate in Dundas is relatively low compared to the national median property tax rate of 0.99%. For instance, homeowners in Dundas with a median home price of $30,100 can expect their tax bills to fall between $156 at the 25th percentile and $333 at the 90th percentile. The highest median tax bill in the area is $224, which is significantly lower than many other regions. These tax bills directly impact homeowners by influencing their annual housing costs and potentially their long-term financial planning. Lower property taxes can make homeownership more affordable, but they also mean less revenue for local public services funded by these taxes.
Average Dundas Tax Bill
$224
Average Brunswick County Tax Bill
$272
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Dundas, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23938 | $116 | $156 | $224 | $292 | $333 |
Source: Ownwell