Wintergreen, Nelson County, Virginia Property Taxes
The median property tax rate in Wintergreen, VA is 0.65%, considerably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Wintergreen at $316,000, the typical annual property tax bill reaches $2,709, slightly below the national median of $2,690. Property taxes in Wintergreen are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wintergreen's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Wintergreen or another part of Nelson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wintergreen, Nelson County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$2,054
$1,906
Ownwell’s Wintergreen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wintergreen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wintergreen 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 Wintergreen, Nelson County, Virginia
Property taxes in Wintergreen, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wintergreen is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Wintergreen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wintergreen 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 Wintergreen's effective property tax rate to other areas in Virginia and the national median. For comparison, the zip code 22958 has the highest median property tax rate of 0.65%, while the same zip code also has the lowest median tax rate of 0.65%. Understanding how these cities compare with Wintergreen provides valuable insights into the varying tax landscape across Nelson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wintergreen Tax Rate
0.65%
Average Nelson County Tax Rate
0.65%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wintergreen, Nelson County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22958 | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Wintergreen, Nelson County, Virginia
In Wintergreen, 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 Nelson County 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 Wintergreen, 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. Wintergreen's median home price stands at $316,000, with tax bills varying significantly across the area. The 25th percentile tax bill is $406, while the 75th percentile reaches $4,126, and the 90th percentile is $4,836. 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 Wintergreen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Wintergreen, Nelson County, Virginia
Source: Ownwell
$40,000
$179,400
$318,800
Average Wintergreen Assessed Value
$316,000
Average Nelson County Assessed Value
$144,600
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wintergreen, Nelson County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22958 | $47,500 | $62,500 | $316,000 | $634,800 | $744,040 |
Source: Ownwell
Property Tax Bills Across Wintergreen, Nelson County, Virginia
In Wintergreen, Nelson County, VA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Wintergreen, the tax bill can vary significantly, with amounts ranging from $406 at the 25th percentile to $4,836 at the 90th percentile. The median tax bill in the area stands at $2,709, which is notably higher than the national median property tax rate of 0.99%. These property taxes fund essential community services like schools, public safety, and infrastructure. For homeowners, understanding this calculation is crucial, as it directly impacts their annual financial planning and the overall affordability of their property.
Average Wintergreen Tax Bill
$2,709
Average Nelson County Tax Bill
$896
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Wintergreen, Nelson County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22958 | $309 | $406 | $2,709 | $4,126 | $4,836 |
Source: Ownwell