Dutton, Virginia Property Taxes
The median property tax rate in Dutton, VA is 0.58%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $334,760 in Dutton, the typical annual property tax bill amounts to $1,851, which is well below the national median of $2,690. Property taxes in Dutton are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural land. Understanding Dutton'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 Dutton or another part of Gloucester County, being informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dutton, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$1,942
Ownwell’s Dutton Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a simple way to estimate their annual property taxes in Dutton. By inputting your property's estimated assessed value, the calculator uses the median tax rate for Dutton to provide an accurate estimate of your property tax bill. This valuable tool allows you to understand your potential tax liabilities better. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Dutton, Virginia
Property taxes in Dutton, Virginia, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Dutton is 0.58%, lower than both the Virginia state median of 0.82% and the U.S. national median of 0.99%. Local government entities within Dutton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dutton 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 Dutton's effective property tax rate to other counties in Virginia and the national median. For comparison, the 23050 zip code has the highest median property tax rate of 0.58%, while the 23050 zip code also has the lowest median tax rate of 0.58%. Understanding how these cities compare with Dutton provides valuable insights into the varying tax landscape across Gloucester County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dutton Tax Rate
0.58%
Average Gloucester County Tax Rate
0.58%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dutton, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23050 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Dutton, Virginia
In Dutton, 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 Gloucester 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 Dutton, 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 Dutton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Dutton are both $1851, found in the zip code 23050.
Average Dutton Assessed Value
$334,760
Average Gloucester County Assessed Value
$281,095
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dutton, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23050 | $218,872 | $242,995 | $334,760 | $466,715 | $707,966 |
Source: Ownwell
Property Tax Bills Across Dutton, Virginia
In Dutton, Gloucester County, VA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, reflecting the home's worth based on recent sales and market conditions. For instance, with a median home price of $334,760, the tax bill can vary significantly. Homeowners in Dutton can expect their property tax bills to fall within a range, with the 25th percentile at $1,383, the 75th percentile at $2,721, and the 90th percentile reaching up to $4,127. These figures highlight the variability in tax burdens depending on property values and specific assessments. Compared to the national median property tax rate of 0.99%, Dutton's property taxes can be seen as relatively moderate, though they still represent a significant financial consideration for homeowners. Understanding these factors can help residents better anticipate their annual tax obligations and budget accordingly.
Average Dutton Tax Bill
$1,851
Average Gloucester County Tax Bill
$1,643
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Dutton, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23050 | $1,215 | $1,383 | $1,851 | $2,721 | $4,127 |
Source: Ownwell