Greensville County, Virginia Property Taxes
The median property tax rate in Greensville is 0.67%, 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 Greensville, the typical annual property tax bill reaches $563, far below the national median of $2,690. Property taxes in Greensville 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 Greensville's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Emporia or another part of Greensville, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Greensville County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$562
$522
Ownwell’s Greensville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Greensville with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Greensville to estimate your property tax bill. This insightful tool 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 Greensville County, Virginia
Property taxes in Greensville County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Greensville County is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Greensville County set these rates annually, and they can vary significantly between different areas within the county. Each year, Greensville 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 Greensville County's effective property tax rate with other counties in Virginia and the national median. For comparison, the city of Emporia has one of the higher property tax rates in Virginia at 0.67%. Analyzing how Greensville County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Greensville County Tax Rate
0.67%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Greensville County, Virginia
In Greensville 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 Greensville 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 Greensville 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 example, the highest median tax bill in the county is $674 in Valentines, while the lowest is $472 in Freeman. Being aware of these valuation processes in Greensville 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 Greensville County, Virginia
Source: Ownwell
$70,400
$80,675
$90,950
Average Greensville County Assessed Value
$83,950
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greensville County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Emporia | $33,750 | $57,725 | $83,350 | $123,900 | $174,450 |
| Freeman | $36,140 | $54,150 | $70,400 | $85,100 | $133,480 |
| Jarratt | $47,010 | $61,425 | $90,950 | $117,225 | $165,770 |
| Seaboard | N/A | N/A | N/A | N/A | N/A |
| Skippers | $32,740 | $55,800 | $81,400 | $118,700 | $182,520 |
| Valentines | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Greensville County, Virginia
In Greensville County, VA, property tax bills are calculated based on the assessed value of the property, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For homeowners, this means that properties in higher-demand areas or with larger sizes typically have higher tax bills. In Greensville County, the median home price is $83,950. Homeowners can expect their tax bills to vary significantly; for example, the 25th percentile tax bill is $389, while the 75th percentile tax bill is $818. The 90th percentile tax bill reaches up to $1,149, indicating a broad range based on property characteristics. Comparatively, the highest median tax bill in Greensville County is $674 in Valentines, while the lowest is $472 in Freeman. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their finances accordingly.
Average Greensville County Tax Bill
$563
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690