Charlotte County Property Taxes
The median property tax rate in Charlotte County is 0.62%, which is significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Charlotte County at $71,940, the typical annual property tax bill amounts to $441, well below the national median of $2,690. Property taxes in Charlotte County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Charlotte County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Drakes Branch or another part of Charlotte County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Charlotte County 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 Charlotte County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Charlotte County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Charlotte County 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 Charlotte County, Virginia
Property taxes in Charlotte County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Charlotte County is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Charlotte County set these rates annually, and they can vary significantly between different areas within the county. Each year, Charlotte County 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. The following data compares Charlotte County's effective property tax rate with other counties in Virginia and the national median. For comparison, the city of Pamplin has one of the higher property tax rates in Virginia at 0.62%, while the city of Brookneal boasts one of the lowest at 0.62%. Analyzing how Charlotte County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Charlotte County Tax Rate
0.62%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Charlotte County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brookneal | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Charlotte Court House | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Chase City | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Cullen | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Drakes Branch | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Keysville | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Pamplin | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Phenix | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Randolph | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Red House | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Red Oak | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Saxe | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Wylliesburg | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Charlotte County, Virginia
In Charlotte County, 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 Charlotte County 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 Charlotte County 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, Keysville has the highest median tax bill at $521, while Saxe has the lowest at $371. Being aware of these valuation processes in Charlotte County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Charlotte County, Virginia
Source: Ownwell
$60,112
$72,608
$85,103
Average Charlotte County Assessed Value
$71,940
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Charlotte County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brookneal | $14,443 | $37,280 | $64,651 | $99,552 | $160,027 |
| Charlotte Court House | $18,090 | $46,650 | $80,629 | $123,390 | $184,554 |
| Chase City | $19,186 | $48,458 | $68,792 | $103,647 | $154,796 |
| Cullen | $19,019 | $39,930 | $75,835 | $132,700 | $181,147 |
| Drakes Branch | $16,240 | $39,357 | $63,360 | $98,516 | $143,313 |
| Keysville | $19,180 | $46,425 | $85,103 | $142,450 | $191,216 |
| Pamplin | $17,317 | $48,376 | $76,904 | $129,562 | $188,335 |
| Phenix | $17,282 | $43,801 | $75,832 | $120,530 | $177,293 |
| Randolph | $23,349 | $48,934 | $81,276 | $130,719 | $177,742 |
| Red House | $17,939 | $35,190 | $72,320 | $127,350 | $195,534 |
| Red Oak | $14,621 | $35,342 | $72,535 | $112,185 | $154,563 |
| Saxe | $14,701 | $32,360 | $60,112 | $90,584 | $137,472 |
| Wylliesburg | $15,822 | $42,848 | $66,385 | $101,988 | $162,361 |
Source: Ownwell
Property Tax Bills Across Charlotte County, Virginia
In Charlotte County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is typically a percentage of the property's market value. Homeowners in Charlotte County can expect their tax bills to vary significantly based on the assessed value and the specific tax rate applied by the county. For instance, the median home price in Charlotte County is $71,940. Tax bills can range widely, with the 25th percentile tax bill at $232, the 75th percentile at $715, and the 90th percentile reaching $1,049. The city of Keysville has the highest median tax bill at $521, while Saxe has the lowest at $371. These property taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Charlotte County homeowners might find their tax rates to be relatively moderate, providing a balance between necessary public funding and homeowner affordability.
Average Charlotte County Tax Bill
$441
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Charlotte County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brookneal | $90 | $231 | $400 | $606 | $987 |
| Charlotte Court House | $111 | $273 | $493 | $759 | $1,138 |
| Chase City | $119 | $300 | $427 | $643 | $960 |
| Cullen | $118 | $248 | $470 | $823 | $1,123 |
| Drakes Branch | $101 | $239 | $390 | $604 | $887 |
| Keysville | $115 | $285 | $521 | $883 | $1,175 |
| Pamplin | $105 | $279 | $456 | $782 | $1,142 |
| Phenix | $105 | $263 | $466 | $742 | $1,087 |
| Randolph | $145 | $303 | $504 | $810 | $1,102 |
| Red House | $110 | $213 | $447 | $768 | $1,212 |
| Red Oak | $90 | $212 | $444 | $690 | $959 |
| Saxe | $90 | $194 | $371 | $561 | $844 |
| Wylliesburg | $90 | $243 | $409 | $623 | $921 |
Source: Ownwell