Hurt, Virginia Property Taxes
The median property tax rate in Hurt, VA is 0.70%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $52,250 in Hurt, the typical annual property tax bill amounts to $418, which is well below the national median of $2,690. Property taxes in Hurt are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Hurt'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 Hurt or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hurt, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$366
$339
Ownwell’s Hurt Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Hurt. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Hurt to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities with ease. For those interested in more detailed insights, you can find neighborhood-specific trends by scrolling down. Your property’s assessed value, as determined by Pittsylvania County, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Hurt, Virginia
Property taxes in Hurt, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hurt is 0.70%, which is lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Hurt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hurt 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 Hurt's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 24563 has the highest median property tax rate of 0.70%, while the lowest median tax rate is also found in the same zip code at 0.70%. Understanding how these areas compare with Hurt provides valuable insights into the varying tax landscape across Pittsylvania County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hurt Tax Rate
0.70%
Average Pittsylvania County Tax Rate
0.67%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hurt, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24563 | 0.62% | 0.62% | 0.70% | 0.77% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Hurt, Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hurt, Virginia. 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 Pittsylvania 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 Hurt, 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. For instance, the median home price in Hurt is $52,250, with tax bills ranging from $68 at the 25th percentile to $1,015 at the 90th percentile. The zip code 24563 has the highest and lowest median tax bill at $418. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hurt Assessed Value
$52,250
Average Pittsylvania County Assessed Value
$56,200
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hurt, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24563 | $4,000 | $12,000 | $52,250 | $102,400 | $151,510 |
Source: Ownwell
Property Tax Bills Across Hurt, Virginia
In Hurt, located in Pittsylvania 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. Homeowners in Hurt experience a range of property tax bills, with the 25th percentile at $68 and the 75th percentile at $747. The 90th percentile reaches up to $1,015, indicating variability based on property values and exemptions. The median home price in Hurt is $52,250, which significantly influences the tax bill. While the highest and lowest median tax bills in the area both stand at $418, this figure is notably lower compared to the national median property tax rate of 0.99%. Factors such as property size, location, and improvements can impact the assessed value, thereby affecting the tax bill. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances effectively.
Average Hurt Tax Bill
$418
Average Pittsylvania County Tax Bill
$436
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Hurt, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24563 | $25 | $68 | $418 | $747 | $1,015 |
Source: Ownwell