Gretna, Pittsylvania County, Virginia Property Taxes
Median Gretna, VA effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Gretna, VA home value: $50,400
Median annual Gretna, VA tax bill: $393, $2,007 lower than the national median property tax bill of $2,400.
How are property taxes in Pittsylvania calculated?
Property taxes in Gretna, 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 Gretna’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gretna, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gretna, Pittsylvania County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.66%
Estimate Property Tax Bill
$333
$309
Property Tax Rates Across Gretna, Pittsylvania County, Virginia
Local government entities determine tax rates, which can greatly differ within a state. Each year, counties estimate their budget needs for public services and divide this by the total value of all taxable property within their area. This calculation determines the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is essentially the annual process.
You can compare Gretna’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. Gretna, located in Pittsylvania County, has a median property tax rate of 0.66%, which is significantly lower than the national median of 1.02%. This makes Gretna an attractive option for property owners seeking lower property taxes. With a property tax rate that matches the lowest and highest rates in its zip code, Gretna provides a consistent tax environment. Understanding these rates can help property owners make informed decisions, potentially saving money and contributing to a more predictable financial future.
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 Gretna Tax Rate
0.66%
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 Pittsylvania County Tax Rate
0.67%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gretna, Pittsylvania County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24557 | 0.62% | 0.62% | 0.66% | 0.77% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Gretna, Pittsylvania County, Virginia
When examining property taxes in Gretna, VA, 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 Pittsylvania 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 Pittsylvania 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 Gretna. For example, the median home price in Gretna is $50,400, with tax bills ranging significantly across the county. Zip code 24557 has the highest median home price at $50,400.
Property Tax Assessment Values Across Gretna, Pittsylvania County, Virginia
Source: Ownwell
$33,800
$130,250
$226,700
Median Gretna Market Value
$50,400
Median Pittsylvania County Market Value
$56,200
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gretna, Pittsylvania County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24557 | $5,200 | $15,000 | $50,400 | $103,900 | $175,510 |
Source: Ownwell
Property Tax Bills Across Gretna, Pittsylvania County, Virginia
Median Gretna Tax Bill
$393
Median Pittsylvania County Tax Bill
$436
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Gretna, Pittsylvania County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24557 | $28 | $87 | $393 | $744 | $1,110 |
Source: Ownwell