Ruther Glen, Virginia Property Taxes
The median property tax rate in Ruther Glen, VA is 0.77%, which is lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Ruther Glen at $198,650, the typical annual property tax bill is around $1,582, significantly below the national median of $2,690. Property taxes in Ruther Glen are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Ruther Glen's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're situated in the heart of Ruther Glen or another part of Caroline County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ruther Glen, 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 Ruther Glen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ruther Glen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ruther Glen 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 Ruther Glen, Virginia
Property taxes in Ruther Glen, Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ruther Glen is 0.77%, which is lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Ruther Glen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ruther Glen 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 Ruther Glen's effective property tax rate to other counties in Virginia and the national median. For comparison, the 22546 zip code has the highest median property tax rate of 0.77%, while the 22546 zip code also has the lowest median tax rate of 0.77%. Understanding how these cities compare with Ruther Glen provides valuable insights into the varying tax landscape across Caroline County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ruther Glen Tax Rate
0.77%
Average Caroline County Tax Rate
0.77%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ruther Glen, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22546 | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Ruther Glen, Virginia
In Ruther Glen, 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 Caroline 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 Ruther Glen, 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. The median home price in Ruther Glen is $198,650, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $1,232, while the 75th percentile tax bill is $2,062. The highest median tax bill in the area is $1,582, found in the 22546 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ruther Glen Assessed Value
$198,650
Average Caroline County Assessed Value
$198,200
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ruther Glen, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22546 | $94,200 | $150,425 | $198,650 | $261,875 | $331,800 |
Source: Ownwell
Property Tax Bills Across Ruther Glen, Virginia
In Ruther Glen, Caroline 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 the county's property assessor, who evaluates the property's market value. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $198,650, homeowners can expect varying tax bills depending on their property's specific assessed value and any applicable exemptions. The tax bill's impact on homeowners can be significant, with the 25th percentile paying around $1,232, while those in the 75th percentile face bills closer to $2,062. At the 90th percentile, the tax bill can reach up to $2,580. These figures highlight the variability in property tax burdens within the area. Compared to the national median property tax rate of 0.99%, Ruther Glen's tax rates can be seen as relatively moderate, but they still represent a substantial annual expense for homeowners.
Average Ruther Glen Tax Bill
$1,582
Average Caroline County Tax Bill
$1,559
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Ruther Glen, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22546 | $979 | $1,232 | $1,582 | $2,062 | $2,580 |
Source: Ownwell