Meadows Of Dan, Carroll County, Virginia Property Taxes
Median Meadows of Dan, VA effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, and also lower than the Virginia state median of 0.89%.
Median Meadows of Dan, VA home value: $106,300
Median annual Meadows of Dan, VA tax bill: $620, $1,780 lower than the national median property tax bill of $2,400.
How are property taxes in Carroll County calculated?
Property taxes in Meadows of Dan, VA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Meadows of Dan’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Meadows of Dan, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Meadows Of Dan, Carroll County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.59%
Estimate Property Tax Bill
$627
$582
Property Tax Rates Across Meadows Of Dan, Carroll County, Virginia
Local government entities set tax rates, which can vary widely within a state. This variation is due to the annual budgeting process where each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Meadows of Dan, located in Carroll County, Virginia, the effective property tax rate stands at 0.59%, which is notably lower than the national median property tax rate of 1.02%. This lower rate can result in significant savings for property owners compared to the national average. When comparing this to other cities in Virginia, Meadows of Dan offers one of the most favorable property tax environments. This makes it an attractive location for property owners looking to minimize their tax burden while enjoying the benefits of local services. The competitive tax rate in Meadows of Dan highlights the importance of understanding local tax structures and how they impact property ownership costs.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Meadows Of Dan Tax Rate
0.59%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Carroll County Tax Rate
0.59%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Meadows Of Dan, Carroll County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24120 | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Meadows Of Dan, Carroll County, Virginia
When examining property taxes in Meadows of Dan, Virginia, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Carroll County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Carroll County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Meadows of Dan.
For example, the median home price in Meadows of Dan is $106,300, with tax bills ranging significantly across the county. The 24120 zip code has the highest median home price at $106,300.
Property Tax Assessment Values Across Meadows Of Dan, Carroll County, Virginia
Source: Ownwell
$51,750
$101,350
$150,950
Median Meadows Of Dan Market Value
$106,300
Median Carroll County Market Value
$88,700
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Meadows Of Dan, Carroll County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24120 | $23,200 | $56,000 | $106,300 | $161,200 | $203,500 |
Source: Ownwell
Property Tax Bills Across Meadows Of Dan, Carroll County, Virginia
In Meadows of Dan, located in Carroll County, 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 this area is $106,300, and property tax bills can vary significantly, with the 25th percentile at $316 and the 75th percentile at $946. These figures highlight how property taxes impact homeowners differently, depending on their property's assessed value and the local tax rate. Compared to the national median property tax bill of $2,400, homeowners in Meadows of Dan generally face lower tax bills. However, these taxes can still be a significant expense for many residents.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing local tax assessments and identifying potential areas for reduction, Ownwell can help homeowners save on their property tax bills. This service ensures that homeowners are not overpaying and can potentially lower their annual tax expenses, providing financial relief and peace of mind.
Median Meadows Of Dan Tax Bill
$620
Median Carroll County Tax Bill
$526
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Meadows Of Dan, Carroll County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24120 | $137 | $316 | $620 | $946 | $1,190 |
Source: Ownwell