Heathsville, Virginia Property Taxes
The median property tax rate in Heathsville, VA is 0.61%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Heathsville at $184,750, the typical annual property tax bill is $1,109, which is well below the national median of $2,690. Property taxes in Heathsville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Heathsville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Heathsville or another part of Northumberland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Heathsville, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$1,127
$1,046
Ownwell’s Heathsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Heathsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Heathsville 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 Heathsville, Virginia
Property taxes in Heathsville, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Heathsville is 0.61%, which is lower than the U.S. national median of 0.99%. Local government entities within Heathsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Heathsville 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 Heathsville's effective property tax rate to other counties in Virginia and the national median. For comparison, the 22473 zip code has both the highest and lowest median property tax rate of 0.61%. Understanding how these areas compare with Heathsville provides valuable insights into the varying tax landscape across Northumberland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Heathsville Tax Rate
0.61%
Average Northumberland County Tax Rate
0.61%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Heathsville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22473 | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Heathsville, Virginia
In Heathsville, 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 Northumberland 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 Heathsville, 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. The highest median tax bill in Heathsville is $1109 in the 22473 zip code, while the lowest is also $1109 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Heathsville Assessed Value
$184,750
Average Northumberland County Assessed Value
$188,200
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Heathsville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22473 | $46,270 | $96,800 | $184,750 | $330,200 | $478,050 |
Source: Ownwell
Property Tax Bills Across Heathsville, Virginia
In Heathsville, Northumberland County, VA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Heathsville, the median home price is $184,750. Tax bills can vary significantly, with the 25th percentile at $573 and the 75th percentile reaching $2,002. The 90th percentile tax bill is as high as $2,894. The highest and lowest median tax bills in the area are both reported to be $1,109, indicating a uniform tax rate across different zip codes. Understanding these factors helps homeowners anticipate their annual property tax obligations and budget accordingly. While the national median property tax rate is 0.99%, local rates and assessed values can cause variations in tax bills, impacting the financial planning of residents in Heathsville.
Average Heathsville Tax Bill
$1,109
Average Northumberland County Tax Bill
$1,131
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Heathsville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22473 | $262 | $573 | $1,109 | $2,002 | $2,894 |
Source: Ownwell