Weber City, Virginia Property Taxes
The median property tax rate in Weber City, VA is 0.77%, which is notably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $109,450 in Weber City, the typical annual property tax bill amounts to $853, significantly less than the national median of $2,690. Property taxes in Weber City are determined 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. Grasping Weber City's property tax system, exploring available exemptions, and identifying potential reductions can result in considerable yearly savings. Whether residing in the heart of Weber City or other parts of the area, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Weber City, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$843
$782
Ownwell’s Weber City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weber City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weber City 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 Weber City, Virginia
Property taxes in Weber City, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weber City is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Weber City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weber City 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 Weber City's effective property tax rate to other areas in Virginia and the national median. For comparison, the zip code 24290 has the highest median property tax rate of 0.77%, while the lowest median tax rate is also 0.77% in the same zip code. Understanding how these rates compare with Weber City provides valuable insights into the varying tax landscape across Scott County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Weber City Tax Rate
0.77%
Average Scott County Tax Rate
0.77%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weber City, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24290 | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Weber City, Virginia
In Weber City, 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 Scott 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 Weber City, 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 Weber City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 24290 has the highest and lowest median tax bills, both at $853.
Average Weber City Assessed Value
$109,450
Average Scott County Assessed Value
$95,050
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Weber City, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24290 | $53,210 | $76,000 | $109,450 | $151,650 | $188,500 |
Source: Ownwell
Property Tax Bills Across Weber City, Virginia
In Weber City, located in Scott County, VA, property tax bills are calculated based on the assessed value of a home. The median home price in Weber City is $109,450. Homeowners are taxed at a rate that considers this assessed value, which is then multiplied by the local tax rate to determine the annual tax bill. For instance, the tax bill for the 25th percentile is $589, while for the 75th percentile, it rises to $1176, and for the 90th percentile, it reaches $1451. These figures highlight how the assessed value of a property significantly impacts the tax bill. Homeowners in the highest median tax bill zip code, 24290, see an average bill of $853. This local tax rate is relatively lower compared to the national median property tax rate of 0.99%, making Weber City an area with comparatively moderate property tax burdens. Understanding these factors can help homeowners anticipate their annual expenses and plan accordingly.
Average Weber City Tax Bill
$853
Average Scott County Tax Bill
$739
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Weber City, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24290 | $418 | $589 | $853 | $1,176 | $1,451 |
Source: Ownwell