Nottoway County Property Taxes
The median property tax rate in Nottoway is 0.48%, 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 Nottoway, the typical annual property tax bill reaches $352, far below the national median of $2,690. Property taxes in Nottoway 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 Nottoway's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Blackstone or another part of Nottoway, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nottoway County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$355
$329
Ownwell’s Nottoway Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Nottoway with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Nottoway 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 Nottoway County, Virginia
Property taxes in Nottoway County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Nottoway County is 0.48%, which is lower than the U.S. national median of 0.99%. Local government entities within Nottoway County set these rates annually, and they can vary significantly between different areas within the county. Each year, Nottoway 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. The following data compares Nottoway County's effective property tax rate with other counties in Virginia and the national median. For comparison, the city of Amelia Court House has a similar property tax rate at 0.48%. Analyzing how Nottoway County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Nottoway County Tax Rate
0.48%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nottoway County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amelia Court House | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Blackstone | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Burkeville | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Crewe | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Wilsons | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Nottoway County, Virginia
In Nottoway 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 Nottoway 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 Nottoway 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. In Nottoway County, the median home price is $73,900, with annual tax bills ranging from $221 at the 25th percentile to $737 at the 90th percentile. Notably, Crewe has the highest median tax bill at $375, while Amelia Court House has the lowest at $216. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Nottoway County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Nottoway County Assessed Value
$73,900
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nottoway County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amelia Court House | $44,900 | $44,900 | $44,900 | $44,900 | $44,900 |
| Blackstone | $24,740 | $44,300 | $69,800 | $115,650 | $165,400 |
| Burkeville | $18,600 | $44,250 | $71,200 | $100,525 | $143,867 |
| Crewe | $29,440 | $49,300 | $78,700 | $112,425 | $142,890 |
| Wilsons | $77,600 | $77,600 | $77,600 | $77,600 | $77,600 |
Source: Ownwell
Property Tax Bills Across Nottoway County, Virginia
In Nottoway County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Nottoway County experience a range of tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is $221, while the 75th percentile reaches $540, and the 90th percentile can go up to $737. The median tax bill in Nottoway County is $375, with Crewe having the highest median tax bill at $375 and Amelia Court House the lowest at $216. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, Nottoway County offers relatively affordable property taxes, making it an attractive location for homeowners seeking lower tax burdens.
Average Nottoway County Tax Bill
$352
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Nottoway County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amelia Court House | $216 | $216 | $216 | $216 | $216 |
| Blackstone | $116 | $212 | $331 | $551 | $791 |
| Burkeville | $88 | $193 | $336 | $468 | $663 |
| Crewe | $141 | $236 | $375 | $539 | $684 |
| Wilsons | $372 | $372 | $372 | $372 | $372 |
Source: Ownwell