Halifax County, Virginia Property Taxes
The median property tax rate in Halifax is 0.50%, 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 Halifax, the typical annual property tax bill is $413, which is substantially less than the national median of $2,690. Property taxes in Halifax 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 Halifax's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in South Boston or another part of Halifax, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Halifax County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$413
$383
Ownwell’s Halifax Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Halifax with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Halifax 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 Halifax County, Virginia
Property taxes in Halifax County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Halifax County is 0.50%, which is lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Halifax County set these rates annually, and they can vary significantly between different areas within the county. Each year, Halifax 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 Halifax County's effective property tax rate with other counties in Virginia and the national median. For comparison, the city of Gretna has one of the higher property tax rates in Virginia at 0.50%, while the city of Alton boasts one of the lowest at 0.50%. Analyzing how Halifax County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Halifax County Tax Rate
0.50%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Halifax County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alton | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
| Buffalo Junction | N/A | N/A | N/A | N/A | N/A |
| Clover | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
| Crystal Hill | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
| Gretna | N/A | N/A | N/A | N/A | N/A |
| Halifax | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
| Java | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
| Long Island | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
| Nathalie | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
| Randolph | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
| Scottsburg | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
| South Boston | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
| Sutherlin | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
| Vernon Hill | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
| Virgilina | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Halifax County, Virginia
In Halifax 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 Halifax 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 Halifax 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. Being aware of these valuation processes in Halifax County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Halifax County, the highest median tax bill is found in Java at $563, while the lowest is in Gretna at $345.
Average Halifax County Assessed Value
$82,550
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Halifax County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alton | $18,024 | $51,464 | $83,945 | $127,549 | $189,698 |
| Buffalo Junction | N/A | N/A | N/A | N/A | N/A |
| Clover | $16,450 | $47,292 | $81,110 | $113,485 | $154,885 |
| Crystal Hill | $39,627 | $60,168 | $82,893 | $122,918 | $169,199 |
| Gretna | N/A | N/A | N/A | N/A | N/A |
| Halifax | $30,636 | $61,265 | $96,352 | $144,341 | $227,445 |
| Java | $58,660 | $83,436 | $112,619 | $132,342 | $174,602 |
| Long Island | $13,462 | $50,098 | $84,067 | $111,747 | $153,027 |
| Nathalie | $17,936 | $45,206 | $76,076 | $113,050 | $161,617 |
| Randolph | $11,524 | $63,454 | $75,800 | $94,768 | $137,162 |
| Scottsburg | $23,078 | $48,665 | $78,623 | $116,624 | $154,648 |
| South Boston | $30,318 | $53,936 | $86,538 | $132,820 | $199,471 |
| Sutherlin | $27,664 | $67,763 | $98,753 | $135,484 | $193,432 |
| Vernon Hill | $24,248 | $58,326 | $87,163 | $126,610 | $178,434 |
| Virgilina | $26,749 | $53,345 | $84,938 | $121,862 | $184,318 |
Source: Ownwell
Property Tax Bills Across Halifax County, Virginia
In Halifax County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. The assessed value is typically a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. For instance, homes in Java have the highest median tax bill at $563, while those in Gretna have the lowest at $345. The tax bill can vary significantly, with the 25th percentile at $249 and the 90th percentile reaching $943. Homeowners in Halifax County may find their property tax bills affecting their overall housing costs. Compared to the national median property tax rate of 0.99%, Halifax County offers a range of tax bills that can be more manageable for some residents, depending on their home's assessed value and specific location within the county.
Average Halifax County Tax Bill
$413
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Halifax County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alton | $90 | $257 | $420 | $638 | $948 |
| Buffalo Junction | N/A | N/A | N/A | N/A | N/A |
| Clover | $82 | $236 | $406 | $567 | $774 |
| Crystal Hill | $198 | $301 | $414 | $615 | $846 |
| Gretna | N/A | N/A | N/A | N/A | N/A |
| Halifax | $153 | $306 | $482 | $722 | $1,137 |
| Java | $293 | $417 | $563 | $662 | $873 |
| Long Island | $67 | $250 | $420 | $559 | $765 |
| Nathalie | $90 | $226 | $380 | $565 | $808 |
| Randolph | $58 | $317 | $379 | $474 | $686 |
| Scottsburg | $115 | $243 | $393 | $583 | $773 |
| South Boston | $152 | $270 | $433 | $664 | $998 |
| Sutherlin | $138 | $339 | $494 | $677 | $967 |
| Vernon Hill | $121 | $292 | $436 | $633 | $892 |
| Virgilina | $134 | $267 | $425 | $609 | $922 |
Source: Ownwell