Dendron, Virginia Property Taxes
The median property tax rate in Dendron, VA 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 Dendron at $159,800, the typical annual property tax bill is $1,135, significantly below the national median of $2,690. Property taxes in Dendron are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dendron'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 Dendron or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dendron, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$1,135
$1,053
Ownwell’s Dendron Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dendron with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dendron 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 Dendron, Virginia
Property taxes in Dendron, Virginia, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Dendron is 0.71%, which is lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Dendron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dendron 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 Dendron's effective property tax rate to other areas in Virginia and the national median. For comparison, the zip code 23839 has both the highest and lowest median property tax rate of 0.71%, highlighting the uniformity in tax rates within the region. Understanding how these areas compare with Dendron provides valuable insights into the varying tax landscape across Surry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dendron Tax Rate
0.71%
Average Surry County Tax Rate
0.71%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dendron, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23839 | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Dendron, Virginia
In Dendron, 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 Surry 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 Dendron, 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 Dendron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dendron is $159,800, with tax bills ranging from $651 at the 25th percentile to $2,593 at the 90th percentile. The zip code 23839 has the highest and lowest median tax bills, both at $1,135.
Average Dendron Assessed Value
$159,800
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 Dendron, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23839 | $40,040 | $91,675 | $159,800 | $234,325 | $365,280 |
Source: Ownwell
Property Tax Bills Across Dendron, Virginia
In Dendron, VA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Dendron is $159,800, and property taxes are determined by multiplying the assessed value by the tax rate set by Surry County. For example, homeowners in Dendron can expect a median property tax bill of $1,135. This figure is derived from an assessment that considers the property's market value, location, and any applicable exemptions. Several factors influence the final tax bill, including the property's assessed value and any changes in the local tax rate. For instance, the 25th percentile of tax bills is $651, while the 75th percentile reaches $1,664, and the 90th percentile climbs to $2,593. These variations highlight how different factors, such as property improvements or neighborhood developments, can impact the amount homeowners owe. Compared to the national median property tax rate of 0.99%, Dendron's tax bills reflect the local economic conditions and property values, affecting homeowners' annual financial planning.
Average Dendron Tax Bill
$1,135
Average Surry County Tax Bill
$1,371
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Dendron, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23839 | $284 | $651 | $1,135 | $1,664 | $2,593 |
Source: Ownwell