Disputanta, Virginia Property Taxes
The median property tax rate in Disputanta, VA is 0.75%, which is lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $287,550 in Disputanta, the typical annual property tax bill amounts to $2,160, falling below the national median of $2,690. Property taxes in Disputanta are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Disputanta'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 Disputanta or another part of Prince George County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Disputanta, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$2,157
$2,001
Ownwell’s Disputanta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Disputanta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Disputanta 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 Disputanta, Virginia
Property taxes in Disputanta, Virginia, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Disputanta is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Disputanta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Disputanta 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 Disputanta's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 23842 has both the highest and lowest median property tax rate of 0.75%. Understanding how these cities compare with Disputanta provides valuable insights into the varying tax landscape across Prince George County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Disputanta Tax Rate
0.75%
Average Prince George County Tax Rate
0.76%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Disputanta, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23842 | 0.74% | 0.75% | 0.75% | 0.78% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Disputanta, Virginia
In Disputanta, 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 Prince George 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 Disputanta, 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 Disputanta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 23842 has both the highest and lowest median tax bill, valued at $2,160.
Average Disputanta Assessed Value
$287,550
Average Prince George County Assessed Value
$279,600
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Disputanta, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23842 | $162,110 | $218,775 | $287,550 | $368,225 | $453,220 |
Source: Ownwell
Property Tax Bills Across Disputanta, Virginia
In Disputanta, located in Prince George County, VA, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. For example, with a median home price of $287,550, homeowners in Disputanta can expect their property tax bills to vary significantly. At the 25th percentile, the tax bill is around $1,646, while at the 75th percentile, it can rise to approximately $2,785. The 90th percentile sees tax bills reaching up to $3,403. Several factors influence these tax bills, including changes in property values and adjustments to the local tax rate. Homeowners must stay informed about these factors as they directly impact their annual financial obligations. Compared to the national median property tax rate of 0.99%, Disputanta's rates reflect the local economic conditions and municipal budget requirements. Understanding these elements can help homeowners better anticipate and manage their property tax responsibilities.
Average Disputanta Tax Bill
$2,160
Average Prince George County Tax Bill
$2,102
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Disputanta, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23842 | $1,153 | $1,646 | $2,160 | $2,785 | $3,403 |
Source: Ownwell