Fort Valley, Virginia Property Taxes
The median property tax rate in Fort Valley, VA is 0.73%, considerably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Fort Valley at $389,800, the typical annual property tax bill reaches $2,846, slightly exceeding the national median of $2,690. Property taxes in Fort Valley 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 Fort Valley'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 Fort Valley or another part of Page County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fort Valley, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$2,846
$2,641
Ownwell’s FORT VALLEY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FORT VALLEY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FORT VALLEY 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 Fort Valley, Virginia
Property taxes in Fort Valley, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Valley is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Fort Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Valley 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 Fort Valley's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 22652 has the highest median property tax rate of 0.73%, while the same zip code also holds the lowest median tax rate of 0.73%. Understanding how these cities compare with Fort Valley provides valuable insights into the varying tax landscape across Page County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Valley Tax Rate
0.73%
Average Page County Tax Rate
0.73%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Valley, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22652 | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Fort Valley, Virginia
In Fort Valley, 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 Page 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 Fort Valley, 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. Being aware of these valuation processes in Fort Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Fort Valley is $389,800, with the highest and lowest median tax bills both being $2,846 in the 22652 zip code.
Average Fort Valley Assessed Value
$389,800
Average Page County Assessed Value
$161,600
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Valley, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22652 | $389,800 | $389,800 | $389,800 | $389,800 | $389,800 |
Source: Ownwell
Property Tax Bills Across Fort Valley, Virginia
In Fort Valley, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the market value of the property. Once the assessed value is established, it is multiplied by the local property tax rate to determine the annual tax bill. The median home price in Fort Valley is $389,800, and property tax bills typically hover around $2,846, which is the same across various percentiles, including the 25th, 75th, and 90th. Factors such as property size, location, and improvements can influence the assessed value, thereby impacting the tax bill. Homeowners in Fort Valley might notice that their property tax rate is relatively high compared to the national median property tax rate of 0.99%. This means that while property values and tax bills in Fort Valley are consistent, they could be higher than what homeowners might expect in other parts of the country. Understanding these factors helps homeowners better anticipate their annual property tax obligations.
Average Fort Valley Tax Bill
$2,846
Average Page County Tax Bill
$1,133
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Valley, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22652 | $2,846 | $2,846 | $2,846 | $2,846 | $2,846 |
Source: Ownwell