Sutherlin, Virginia Property Taxes
The median property tax rate in Sutherlin, VA is 0.66%, notably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Sutherlin at $47,400, the typical annual property tax bill amounts to $366, which is significantly below the national median of $2,690. Property taxes in Sutherlin are based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Sutherlin'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 Sutherlin 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
Sutherlin, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$313
$290
Ownwell’s Sutherlin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sutherlin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sutherlin 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 Sutherlin, Virginia
Property taxes in Sutherlin, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sutherlin is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Sutherlin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sutherlin 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 Sutherlin's effective property tax rate to other counties in Virginia and the national median. For comparison, the 24594 zip code has both the highest and lowest median property tax rate of 0.66%. Understanding how these cities compare with Sutherlin 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 Sutherlin Tax Rate
0.66%
Average Pittsylvania County Tax Rate
0.67%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sutherlin, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24594 | 0.62% | 0.62% | 0.66% | 0.76% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Sutherlin, Virginia
In Sutherlin, 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 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 Sutherlin, 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 example, the median home price in Sutherlin is $47,400, with tax bills ranging from $86 at the 25th percentile to $1,259 at the 90th percentile. 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 Sutherlin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sutherlin Assessed Value
$47,400
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 Sutherlin, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24594 | $8,000 | $13,850 | $47,400 | $113,050 | $205,480 |
Source: Ownwell
Property Tax Bills Across Sutherlin, Virginia
In Sutherlin, VA, property tax bills are calculated based on the assessed value of the home and the local tax rate set by Pittsylvania County. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Sutherlin experience a range of tax bills depending on the assessed value of their homes and the specific tax rate applied. For instance, the median home price in Sutherlin is $47,400, and property tax bills can vary significantly. At the 25th percentile, homeowners might pay around $86 annually, while those at the 75th percentile could see bills as high as $799. At the 90th percentile, tax bills can reach up to $1,259. The highest and lowest median tax bills in the area are both $366, indicating some consistency in tax assessments within the zip code 24594. These property taxes fund essential local services like schools, public safety, and infrastructure, directly impacting the community's quality of life. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Sutherlin Tax Bill
$366
Average Pittsylvania County Tax Bill
$436
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Sutherlin, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24594 | $42 | $86 | $366 | $799 | $1,259 |
Source: Ownwell