Bracey, Mecklenburg County, Virginia Property Taxes
Median Bracey, VA effective property tax rate: 0.40%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Bracey, VA home value: $80,500
Median annual Bracey, VA tax bill: $322, $2,078 lower than the national median property tax bill of $2,400.
How are property taxes in Mecklenburg calculated?
Property taxes in Bracey, VA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Bracey’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bracey, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bracey, Mecklenburg County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.4%
Estimate Property Tax Bill
$322
$299
Property Tax Rates Across Bracey, Mecklenburg County, Virginia
Local government entities determine tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates the budget needed to provide services and divides it by the total value of all taxable property within its jurisdiction. This calculation yields the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
Bracey in Mecklenburg County, Virginia, presents an interesting case for property tax comparisons. The effective property tax rate here is 0.40%, significantly lower than the national median of 1.02%. This means residents in Bracey pay less in property taxes compared to many other regions across the country. With the national median property tax bill at $2,400, residents in Bracey likely enjoy lower annual property tax bills. This lower rate can be an attractive factor for potential homeowners or investors looking to save on property taxes.
In comparison to other cities in Virginia and the U.S., Bracey offers a competitive property tax landscape, making it a potentially desirable location for those conscious of property tax expenses.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bracey Tax Rate
0.40%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Mecklenburg County Tax Rate
0.40%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bracey, Mecklenburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23919 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Bracey, Mecklenburg County, Virginia
When examining property taxes in Bracey, Virginia, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Mecklenburg County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Mecklenburg County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Bracey. For example, the median home price in Bracey is $80,500, with tax bills ranging significantly across the county. Zip code 23919 has the highest median home price at $80,500.
Property Tax Assessment Values Across Bracey, Mecklenburg County, Virginia
Source: Ownwell
$68,200
$122,050
$175,900
Median Bracey Market Value
$80,500
Median Mecklenburg County Market Value
$106,700
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bracey, Mecklenburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23919 | $6,900 | $11,400 | $80,500 | $234,400 | $441,180 |
Source: Ownwell
Property Tax Bills Across Bracey, Mecklenburg County, Virginia
Median Bracey Tax Bill
$322
Median Mecklenburg County Tax Bill
$427
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Bracey, Mecklenburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23919 | $28 | $46 | $322 | $938 | $1,765 |
Source: Ownwell