Charles City County, Virginia Property Taxes
The median property tax rate in Charles City is 0.82%, 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 Charles City, the typical annual property tax bill is $1,115, significantly below the national median of $2,690. Property taxes in Charles City are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Charles City's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Charles City or another part of the county, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Charles City County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$1,070
$993
Ownwell’s Charles City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Charles City with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Charles City to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Charles City County, Virginia
Property taxes in Charles City play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Charles City is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Charles City set these rates annually, and they can vary significantly between different areas within the county. Each year, Charles City estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Ruthville has one of the higher property tax rates in the region at 0.83%, while the city of Henrico boasts one of the lowest at 0.77%. Analyzing how Charles City's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Charles City County Tax Rate
0.82%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Charles City County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Charles City | 0.66% | 0.75% | 0.82% | 0.85% | 0.88% |
| Henrico | 0.66% | 0.73% | 0.77% | 0.84% | 0.86% |
| Providence Forge | 0.66% | 0.76% | 0.83% | 0.86% | 0.88% |
| Richmond | 0.77% | 0.81% | 0.83% | 0.85% | 0.89% |
| Ruthville | 0.74% | 0.78% | 0.83% | 0.86% | 0.86% |
| Williamsburg | 0.66% | 0.76% | 0.82% | 0.86% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Charles City County, Virginia
In Charles City, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Charles City Appraisal District. The assessed value, however, 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. Assessment notices in Charles City are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the city with the highest median tax bill in the county is Williamsburg at $2,653, while Ruthville has the lowest at $691. Being aware of these valuation processes in Charles City will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Charles City County, Virginia
Source: Ownwell
$83,000
$210,550
$338,100
Average Charles City County Assessed Value
$130,500
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Charles City County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Charles City | $48,380 | $78,500 | $129,800 | $213,700 | $396,500 |
| Henrico | $35,030 | $111,550 | $243,200 | $350,100 | $451,210 |
| Providence Forge | $50,180 | $85,900 | $124,400 | $182,000 | $233,260 |
| Richmond | $84,780 | $114,700 | $169,800 | $253,900 | $338,320 |
| Ruthville | $54,260 | $77,475 | $83,000 | $146,350 | $156,340 |
| Williamsburg | $123,830 | $242,900 | $338,100 | $528,975 | $648,240 |
Source: Ownwell
Property Tax Bills Across Charles City County, Virginia
In Charles City, VA, property tax bills are determined based on the assessed value of a home, which is then multiplied by the local tax rate. Homeowners in this county experience varying tax bills due to differences in property values and applicable exemptions. For instance, the median home price in Charles City is $130,500. Tax bills can range significantly, with the 25th percentile at $666, the 75th percentile at $1791, and the 90th percentile reaching up to $2988. These tax bills are influenced by the assessed value of the property and the local tax rate, which can differ from the national median property tax rate of 0.99%. Compared to other areas, Charles City has a relatively lower median tax bill. For example, Ruthville has the lowest median tax bill at $691, while Williamsburg has the highest at $2653. This variation directly impacts homeowners, as higher property values and tax rates result in higher tax bills, affecting overall affordability and financial planning.
Average Charles City County Tax Bill
$1,115
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Charles City County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Charles City | $367 | $632 | $1,100 | $1,838 | $3,243 |
| Henrico | $301 | $811 | $2,004 | $2,905 | $3,376 |
| Providence Forge | $378 | $674 | $1,061 | $1,551 | $1,995 |
| Richmond | $699 | $914 | $1,423 | $2,228 | $2,919 |
| Ruthville | $459 | $608 | $691 | $1,173 | $1,302 |
| Williamsburg | $1,019 | $2,005 | $2,653 | $4,340 | $5,724 |
Source: Ownwell