North Dinwiddie, Dinwiddie County, Virginia Property Taxes
The median property tax rate in North Dinwiddie, VA is 0.79%, which is notably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $147,100 in North Dinwiddie, the typical annual property tax bill amounts to $1,151, significantly less than the national median of $2,690. Property taxes in North Dinwiddie are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding North Dinwiddie'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 North Dinwiddie or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
North Dinwiddie, Dinwiddie County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$1,162
$1,078
Ownwell’s North Dinwiddie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Dinwiddie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Dinwiddie 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 North Dinwiddie, Dinwiddie County, Virginia
Property taxes in North Dinwiddie, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Dinwiddie is 0.79%, which is lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within North Dinwiddie set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Dinwiddie 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 North Dinwiddie's effective property tax rate to other counties in Virginia and the national median. For comparison, the 23803 zip code has the highest median property tax rate of 0.79%, while the 23803 zip code also has the lowest median tax rate of 0.79%. Understanding how these areas compare with North Dinwiddie provides valuable insights into the varying tax landscape across Dinwiddie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Dinwiddie Tax Rate
0.79%
Average Dinwiddie County Tax Rate
0.79%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Dinwiddie, Dinwiddie County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23803 | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
| 23805 | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across North Dinwiddie, Dinwiddie County, Virginia
In North Dinwiddie, 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 Dinwiddie 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 North Dinwiddie, 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. Being aware of these valuation processes in North Dinwiddie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 23805 has the highest median tax bill at $1,280, while 23803 has the lowest at $1,135.
Property Tax Assessment Values Across North Dinwiddie, Dinwiddie County, Virginia
Source: Ownwell
$109,000
$147,700
$186,400
Average North Dinwiddie Assessed Value
$147,100
Average Dinwiddie County Assessed Value
$147,500
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North Dinwiddie, Dinwiddie County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23803 | $81,300 | $118,300 | $144,800 | $176,200 | $223,535 |
| 23805 | $67,940 | $110,250 | $166,300 | $209,900 | $276,480 |
Source: Ownwell
Property Tax Bills Across North Dinwiddie, Dinwiddie County, Virginia
Property tax bills in North Dinwiddie, VA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the property's market value. Once the assessment is made, the local tax rate is applied to this value to compute the annual tax bill. For example, with a median home price of $147,100, homeowners in North Dinwiddie typically see tax bills ranging from $919 at the 25th percentile to $1,782 at the 90th percentile. Several factors influence the assessed value, including property size, location, and condition. Comparatively, the median tax bill in North Dinwiddie is lower than the national median property tax rate of 0.99%. For instance, in the zip code 23805, the highest median tax bill is $1,280, indicating a variation based on specific areas within the county. These property taxes fund essential local services, such as schools, public safety, and infrastructure, directly impacting the community's quality of life.
Property Tax Bills Across North Dinwiddie, Dinwiddie County, Virginia
Source: Ownwell
$788
$1,122
$1,455
Average North Dinwiddie Tax Bill
$1,151
Average Dinwiddie County Tax Bill
$1,142
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across North Dinwiddie, Dinwiddie County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23803 | $601 | $925 | $1,135 | $1,379 | $1,694 |
| 23805 | $482 | $816 | $1,280 | $1,636 | $2,101 |
Source: Ownwell