Mc Clure, Virginia Property Taxes
The median property tax rate in MC CLURE, VA is 0.60%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in MC CLURE at $40,300, the typical annual property tax bill comes to $242, well below the national median of $2,690. Property taxes in MC CLURE are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding MC CLURE's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of MC CLURE or another part of Dickenson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mc Clure, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$242
$224
Ownwell’s MC CLURE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC CLURE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC CLURE 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 Mc Clure, Virginia
Property taxes in Mc Clure, Virginia, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Mc Clure is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Mc Clure set these rates annually, and they can vary across different neighborhoods. Each year, Mc Clure 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 Mc Clure's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 24269 has both the highest and lowest median property tax rate of 0.60%. Understanding how these cities compare with Mc Clure provides valuable insights into the varying tax landscape across Dickenson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Clure Tax Rate
0.60%
Average Dickenson County Tax Rate
0.60%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Clure, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24269 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Mc Clure, Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in MC CLURE, Virginia. 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 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 MC CLURE, 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. The median home price in MC CLURE is $40,300, and the median property tax bill ranges from $143 at the 25th percentile to $526 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 24269, with a tax bill of $242. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mc Clure Assessed Value
$40,300
Average Dickenson County Assessed Value
$51,100
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mc Clure, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24269 | $10,960 | $22,200 | $40,300 | $59,700 | $87,660 |
Source: Ownwell
Property Tax Bills Across Mc Clure, Virginia
In Mc Clure, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor. For homeowners in Dickenson County, this assessed value is a critical factor in determining the tax bill. The median home price in Mc Clure is $40,300, and property tax rates are applied to this assessed value to generate the annual tax bill. Homeowners can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $143, while the 75th percentile tax bill is $358. At the higher end, the 90th percentile tax bill reaches $526. These figures are influenced by various factors, including property size, location, and any applicable exemptions or appeals. Compared to the national median property tax rate of 0.99%, homeowners in Mc Clure face a relatively lower tax burden. However, understanding how these tax bills are calculated helps homeowners better manage their finances and plan for annual expenses.
Average Mc Clure Tax Bill
$242
Average Dickenson County Tax Bill
$312
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Clure, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24269 | $66 | $143 | $242 | $358 | $526 |
Source: Ownwell