Lunenburg County, Virginia Property Taxes
The median property tax rate in Lunenburg County is 0.38%, 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 Lunenburg County, the typical annual property tax bill is $320, far below the national median of $2,690. Property taxes in Lunenburg County 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 Lunenburg County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Victoria or another part of Lunenburg County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lunenburg County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$317
$294
Ownwell’s Lunenburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lunenburg with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lunenburg 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 Lunenburg County, Virginia
Property taxes in Lunenburg County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lunenburg County is 0.38%, which is lower than the U.S. national median of 0.99%. Local government entities within Lunenburg County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lunenburg 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. For comparison, the city of Austin has one of the higher property tax rates in Texas at 2.23%, while the city of Houston boasts one of the lowest at 1.82%. Analyzing how Lunenburg County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lunenburg County Tax Rate
0.38%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lunenburg County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blackstone | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% |
| Brodnax | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% |
| Chase City | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% |
| Drakes Branch | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% |
| Dundas | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% |
| Green Bay | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% |
| Kenbridge | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% |
| Keysville | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% |
| Lunenburg | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% |
| Meherrin | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% |
| South Hill | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% |
| Victoria | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% |
Source: Ownwell
Property Tax Assessment Values Across Lunenburg County, Virginia
In Lunenburg 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 Lunenburg 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 Lunenburg 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 instance, Blackstone has the highest median tax bill at $612, while Victoria has the lowest at $278. Being aware of these valuation processes in Lunenburg 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 Lunenburg County, Virginia
Source: Ownwell
$72,950
$116,975
$161,000
Average Lunenburg County Assessed Value
$83,400
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lunenburg County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blackstone | $57,300 | $103,350 | $161,000 | $223,350 | $290,160 |
| Brodnax | $17,510 | $55,125 | $120,450 | $186,625 | $288,060 |
| Chase City | $18,320 | $46,300 | $97,900 | $156,000 | $275,100 |
| Drakes Branch | $18,460 | $65,800 | $107,000 | $175,800 | $274,760 |
| Dundas | $19,700 | $47,000 | $95,500 | $139,700 | $221,000 |
| Green Bay | $19,400 | $50,700 | $92,400 | $180,400 | $263,240 |
| Kenbridge | $18,620 | $42,000 | $81,900 | $143,700 | $222,180 |
| Keysville | $22,670 | $52,700 | $93,600 | $163,275 | $237,540 |
| Lunenburg | $37,590 | $65,025 | $113,100 | $201,325 | $309,550 |
| Meherrin | $18,740 | $33,125 | $81,200 | $136,825 | $203,790 |
| South Hill | $19,360 | $51,700 | $101,900 | $177,200 | $267,940 |
| Victoria | $19,300 | $40,975 | $72,950 | $122,825 | $196,800 |
Source: Ownwell
Property Tax Bills Across Lunenburg County, Virginia
In Lunenburg County, VA, property tax bills are calculated based on the assessed value of your home, which is determined by local assessors. The median home price in Lunenburg County is $83,400. To determine your tax bill, the assessed value is multiplied by the local tax rate. Various factors such as property size, location, and market conditions influence the assessed value. The property tax bill can vary significantly within the county. For instance, the 25th percentile tax bill is $169, while the 75th percentile tax bill is $545. At the 90th percentile, homeowners may see a tax bill as high as $852. Comparatively, the highest median tax bill in the county is $612 in Blackstone, whereas Victoria has the lowest median tax bill at $278. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, thereby affecting the overall quality of life in the community.
Average Lunenburg County Tax Bill
$320
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Lunenburg County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blackstone | $229 | $426 | $612 | $853 | $1,107 |
| Brodnax | $67 | $209 | $458 | $709 | $1,095 |
| Chase City | $70 | $176 | $372 | $593 | $1,045 |
| Drakes Branch | $83 | $250 | $408 | $669 | $1,057 |
| Dundas | $75 | $187 | $368 | $533 | $841 |
| Green Bay | $75 | $199 | $351 | $688 | $1,009 |
| Kenbridge | $76 | $165 | $317 | $549 | $850 |
| Keysville | $93 | $213 | $361 | $632 | $913 |
| Lunenburg | $143 | $247 | $430 | $765 | $1,176 |
| Meherrin | $71 | $126 | $309 | $520 | $774 |
| South Hill | $81 | $206 | $388 | $681 | $1,019 |
| Victoria | $74 | $156 | $278 | $467 | $749 |
Source: Ownwell