Keeling, Virginia Property Taxes
The median property tax rate in Keeling, VA is 0.68%, which is lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Keeling at $56,200, the typical annual property tax bill amounts to $436, significantly below the national median of $2,690. Property taxes in Keeling 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 Keeling'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 Keeling or another part of Pittsylvania County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Keeling, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$382
$355
Ownwell’s Keeling Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Keeling with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Keeling 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 Keeling, Virginia
Property taxes in Keeling, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Keeling is 0.68%, lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Keeling set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keeling 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 Keeling's effective property tax rate to other counties in Virginia and the national median. For comparison, the 24566 zip code has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these areas compare with Keeling 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 Keeling Tax Rate
0.68%
Average Pittsylvania County Tax Rate
0.67%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keeling, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24566 | 0.56% | 0.62% | 0.68% | 0.76% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Keeling, Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Keeling, 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 Keeling, 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. The median home price in Keeling is $56,200, with tax bills ranging from $83 at the 25th percentile to $1,174 at the 90th percentile. The highest and lowest median tax bills are both $436, found in the 24566 zip code. 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 Keeling Assessed Value
$56,200
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 Keeling, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24566 | $4,600 | $15,000 | $56,200 | $114,100 | $194,060 |
Source: Ownwell
Property Tax Bills Across Keeling, Virginia
Property tax bills in Keeling, VA, are determined by multiplying the assessed value of a property by the local tax rate set by Pittsylvania County. The assessed value is typically a percentage of the property's market value, which is evaluated periodically. For homeowners in Keeling, the median home price is $56,200, and the tax rate applied influences the final tax bill. Factors such as property size, location, and improvements can also affect the assessed value. In Keeling, the 25th percentile tax bill is $83, while the 75th percentile tax bill reaches $799, and the 90th percentile tax bill can go up to $1,174. Comparing these figures to the national median property tax rate of 0.99%, Keeling's property tax bills can be relatively manageable for homeowners, but they do vary significantly based on property assessments and individual circumstances. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan accordingly.
Average Keeling Tax Bill
$436
Average Pittsylvania County Tax Bill
$436
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Keeling, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24566 | $20 | $83 | $436 | $799 | $1,174 |
Source: Ownwell