Lovingston, Nelson County, Virginia Property Taxes

Name: Property Tax Bills Across Lovingston, Nelson County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lovingston, VA effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Lovingston, VA home value: $164,600
Median annual Lovingston, VA tax bill: $981, $1,419 lower than the national median property tax bill of $2,400.

How are property taxes in Nelson County calculated?

Property taxes in Lovingston, 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 Lovingston’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lovingston, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lovingston, Nelson County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.65%

Estimate Property Tax Bill

$1,070

$993

Ownwell’s Lovingston Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lovingston with just two data points. By entering your property's estimated assessed value, our calculator applies Lovingston’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Nelson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lovingston, Nelson County, Virginia

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its annual budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. In Lovingston, located in Nelson County, the effective property tax rate is a reflection of this process. When you compare Lovingston’s rate to other cities in Virginia, it's important to note that the median property tax rate in Virginia is lower than the national median. This means that property owners in Lovingston generally benefit from a more favorable tax rate compared to many other regions in the U.S. Understanding these differences can help property owners make informed decisions about where to buy or invest in property, potentially leading to significant savings over time.

Property Tax Rates Across Lovingston, Nelson County, Virginia

Source: Ownwell

0.65%

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 Lovingston Tax Rate

0.65%

Median Effective Nelson County Tax Rate

0.65%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lovingston, Nelson County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
22949	0.33%	0.65%	0.65%	0.65%	0.65%

Source: Ownwell

Property Tax Assessment Values Across Lovingston, Nelson County, Virginia

When examining property taxes in Lovingston, 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 Nelson 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 Nelson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Lovingston.

For example, the median home price in Lovingston is $164,600, with tax bills ranging significantly across the county. Zip code 22949 has the highest median home price at $164,600.

Property Tax Assessment Values Across Lovingston, Nelson County, Virginia

Source: Ownwell

$40,000

$179,400

$318,800

Median Lovingston Market Value

$164,600

Median Nelson County Market Value

$144,600

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lovingston, Nelson County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
22949	$10,000	$40,350	$164,600	$287,350	$465,240

Source: Ownwell

Property Tax Bills Across Lovingston, Nelson County, Virginia

In Lovingston, located in Nelson County, VA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. With a median home price of $164,600, the property tax bill can vary widely depending on the assessed value and applicable exemptions. Homeowners in this area typically experience tax bills ranging from $223 at the 25th percentile to $2,469 at the 90th percentile. The median property tax bill in the region is $981, which is below the national median of $2,400. This lower tax bill can be attributed to the local tax rate and assessed property values. Despite the relatively lower tax burden, homeowners still seek ways to reduce these expenses. Ownwell offers expert property tax appeal and exemption services to help homeowners ensure their property is fairly assessed, potentially lowering their tax bills. By leveraging local expertise and a deep understanding of property tax regulations, Ownwell assists homeowners in maximizing their savings and minimizing their tax liabilities.

Property Tax Bills Across Lovingston, Nelson County, Virginia

Source: Ownwell

$260

$1,485

$2,709

Median Lovingston Tax Bill

$981

Median Nelson County Tax Bill

$896

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Lovingston, Nelson County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
22949	$44	$223	$981	$1,654	$2,469

Source: Ownwell