Rawlings, Virginia Property Taxes
The median property tax rate in Rawlings, VA is 0.65%, considerably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Rawlings at $59,500, the typical annual property tax bill reaches $387, significantly below the national median of $2,690. Property taxes in Rawlings are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Rawlings' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Rawlings or another part of Brunswick County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rawlings, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$387
$359
Ownwell’s Rawlings Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rawlings with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rawlings 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 Rawlings, Virginia
Property taxes in Rawlings, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rawlings is 0.65%, lower than the U.S. national median of 0.99%. Local government entities within Rawlings set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rawlings 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 Rawlings' effective property tax rate to other counties in Virginia and the national median. For comparison, the 23876 zip code has both the highest and lowest median property tax rate of 0.65%. Understanding how these cities compare with Rawlings 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 Rawlings 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 Rawlings, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23876 | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Rawlings, Virginia
In Rawlings, 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 Rawlings, 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 Rawlings helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area, both at $387, are found in the 23876 zip code.
Average Rawlings Assessed Value
$59,500
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 Rawlings, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23876 | $18,660 | $21,000 | $59,500 | $109,175 | $131,630 |
Source: Ownwell
Property Tax Bills Across Rawlings, Virginia
In Rawlings, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Rawlings is $59,500. Once the assessed value is established, the local property tax rate is applied to calculate the tax bill. The tax rate in Brunswick County, where Rawlings is located, plays a crucial role in determining the final amount. Several factors influence the assessed value of a property, including its size, location, and condition. Homeowners in Rawlings can expect their property tax bills to vary significantly. For example, the tax bill at the 25th percentile is $136, while at the 75th percentile, it reaches $710, and at the 90th percentile, it goes up to $856. These variations highlight the impact of property assessments and tax rates on individual tax bills. Compared to the national median property tax rate of 0.99%, Rawlings presents a more affordable option for homeowners.
Average Rawlings Tax Bill
$387
Average Brunswick County Tax Bill
$272
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Rawlings, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23876 | $121 | $136 | $387 | $710 | $856 |
Source: Ownwell