Callands, Virginia Property Taxes
The median property tax rate in Callands, VA is 0.56%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Callands at $53,600, the typical annual property tax bill is $297, well below the national median of $2,690. Property taxes in Callands are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Callands' property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Callands or another part of Henry County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Callands, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$300
$279
Ownwell’s Callands Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Callands with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Callands 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 Callands, Virginia
Property taxes in Callands, Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Callands is 0.56%, which is lower than the U.S. national median of 0.99%. Local government entities within Callands set these rates annually, and they can vary significantly across different neighborhoods. Each year, Callands 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 Callands's effective property tax rate to other counties in Virginia and the national median. For comparison, the 24530 zip code has both the highest and lowest median property tax rate of 0.56%. Understanding how these cities compare with Callands provides valuable insights into the varying tax landscape across Henry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Callands Tax Rate
0.56%
Average Henry County Tax Rate
0.56%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Callands, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24530 | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Callands, Virginia
In Callands, 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 local 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 Callands, 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 Callands helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Callands is $297 in the 24530 zip code, while the lowest median tax bill is also $297 in the same zip code.
Average Callands Assessed Value
$53,600
Average Henry County Assessed Value
$71,300
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Callands, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24530 | $13,530 | $13,575 | $53,600 | $107,825 | $133,430 |
Source: Ownwell
Property Tax Bills Across Callands, Virginia
In Callands, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by local government assessors who evaluate the property's market value. Homeowners in Callands can expect their tax bill to fall within a range, influenced by various factors such as property size, location, and improvements. For instance, the tax bill at the 25th percentile is around $75, while at the 75th percentile, it reaches $598. At the 90th percentile, homeowners might see tax bills as high as $741. The median home price in Callands is $53,600, which offers a perspective on how these tax bills are derived. Compared to the national median property tax rate of 0.99%, Callands homeowners experience relatively moderate property tax bills. The highest and lowest median tax bills in the area are both $297, indicating a level of consistency within the region. Understanding these factors helps homeowners anticipate their financial responsibilities and manage their budgets effectively.
Average Callands Tax Bill
$297
Average Henry County Tax Bill
$396
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Callands, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24530 | $75 | $75 | $297 | $598 | $741 |
Source: Ownwell