Saint Paul, Russell County, Virginia Property Taxes
The median property tax rate in Saint Paul, VA is 0.63%, which is considerably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $68,250 in Saint Paul, the typical annual property tax bill amounts to $430, significantly less than the national median of $2,690. Property taxes in Saint Paul are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural land. Understanding Saint Paul'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 Saint Paul or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Paul, Russell County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$430
$399
Ownwell’s Saint Paul Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Paul with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Paul 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 Saint Paul, Russell County, Virginia
Property taxes in Saint Paul, Virginia, are essential for funding critical local services such as public schools, infrastructure maintenance, and emergency services. The median tax rate in Saint Paul is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Saint Paul set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Paul 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 Saint Paul's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 24283 has both the highest and lowest median property tax rate of 0.63%. Understanding how these cities compare with Saint Paul provides valuable insights into the varying tax landscape across Russell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Paul Tax Rate
0.63%
Average Russell County Tax Rate
0.63%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Paul, Russell County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24283 | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Saint Paul, Russell County, Virginia
In Saint Paul, 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 local appraisal authorities 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 Saint Paul, 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 Saint Paul helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $430, found in the 24283 zip code, while the lowest median tax bill is also $430 in the same zip code.
Property Tax Assessment Values Across Saint Paul, Russell County, Virginia
Source: Ownwell
$20,600
$78,800
$137,000
Average Saint Paul Assessed Value
$68,250
Average Russell County Assessed Value
$78,900
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Paul, Russell County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24283 | $15,890 | $33,600 | $68,250 | $119,450 | $153,110 |
Source: Ownwell
Property Tax Bills Across Saint Paul, Russell County, Virginia
In Saint Paul, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Russell County, the median home price is $68,250. Property tax bills can vary significantly, with the 25th percentile at $212 and the 75th percentile at $753. Factors considered in the assessment include the property's market value, location, and any improvements made to the home. These elements collectively influence the assessed value, thereby impacting the final tax bill. In Saint Paul, the highest and lowest median tax bills are both $430, indicating a relatively uniform tax burden within certain areas. Compared to the national median property tax rate of 0.99%, Saint Paul homeowners may find their property tax bills to be somewhat lower, providing a degree of financial relief. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Saint Paul Tax Bill
$430
Average Russell County Tax Bill
$497
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Paul, Russell County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24283 | $100 | $212 | $430 | $753 | $965 |
Source: Ownwell