Surry County, Virginia Property Taxes
The median property tax rate in Surry County is 0.71%, 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 Surry County at $193,150, the typical annual property tax bill is approximately $1,371, significantly below the national median of $2,690. Property taxes in Surry County are calculated based on the tax assessed value, typically lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Surry County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Surry or another part of Surry County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Surry County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$1,371
$1,273
Ownwell’s Surry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Surry with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Surry to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Surry County, Virginia
Property taxes in Surry County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Surry County is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Surry County set these rates annually, and they can vary significantly between different areas within the county. Each year, Surry County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Claremont has one of the higher property tax rates in the region at 0.71%. Analyzing how Surry County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Surry County Tax Rate
0.71%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Surry County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Claremont | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
| Dendron | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
| Disputanta | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
| Elberon | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
| Ivor | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
| Smithfield | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
| Spring Grove | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
| Surry | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
| Wakefield | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
| Waverly | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Surry County, Virginia
In Surry County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Surry County Appraisal District. The assessed value, however, 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. Assessment notices in Surry County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Smithfield has the highest median tax bill at $1,998, while Claremont has the lowest at $1,047. Being aware of these valuation processes in Surry County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Surry County Assessed Value
$193,150
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Surry County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Claremont | $39,140 | $85,650 | $147,400 | $220,975 | $296,690 |
| Dendron | $40,040 | $91,675 | $159,800 | $234,325 | $365,280 |
| Disputanta | $168,100 | $240,700 | $260,500 | $277,300 | $343,900 |
| Elberon | $65,300 | $135,300 | $201,000 | $305,600 | $372,700 |
| Ivor | $31,960 | $60,475 | $184,150 | $242,625 | $258,770 |
| Smithfield | $122,100 | $177,625 | $281,400 | $384,750 | $462,300 |
| Spring Grove | $41,800 | $101,400 | $183,300 | $310,100 | $443,000 |
| Surry | $55,940 | $128,200 | $228,300 | $355,050 | $478,940 |
| Wakefield | $63,600 | $125,300 | $209,600 | $307,050 | $404,000 |
| Waverly | $47,660 | $105,175 | $170,850 | $292,450 | $384,900 |
Source: Ownwell
Property Tax Bills Across Surry County, Virginia
In Surry County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value of the property. Homeowners in Surry County face varying tax bills depending on the value of their homes and the specific tax rate applied by the county. For example, the median home price in Surry County is $193,150, which forms the basis for calculating property taxes. The tax bill can range significantly, with the 25th percentile at $819 and the 75th percentile reaching up to $2,200. The 90th percentile tax bill is even higher at $3,110. These variations illustrate how different factors such as property location, improvements, and market conditions can influence the final tax bill. Comparatively, the highest median tax bill in the region is $1,998 in Smithfield, while the lowest is $1,047 in Claremont. Understanding these factors can help homeowners better anticipate their property tax responsibilities and plan accordingly.
Average Surry County Tax Bill
$1,371
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Surry County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Claremont | $278 | $608 | $1,047 | $1,569 | $2,106 |
| Dendron | $284 | $651 | $1,135 | $1,664 | $2,593 |
| Disputanta | $1,194 | $1,709 | $1,850 | $1,969 | $2,442 |
| Elberon | $464 | $961 | $1,427 | $2,170 | $2,646 |
| Ivor | $227 | $429 | $1,307 | $1,723 | $1,837 |
| Smithfield | $867 | $1,261 | $1,998 | $2,732 | $3,282 |
| Spring Grove | $297 | $720 | $1,301 | $2,202 | $3,145 |
| Surry | $397 | $910 | $1,621 | $2,521 | $3,400 |
| Wakefield | $452 | $890 | $1,488 | $2,180 | $2,868 |
| Waverly | $338 | $747 | $1,213 | $2,076 | $2,733 |
Source: Ownwell
Find your City
C
D
E
I
S
W