Disputanta, Virginia Property Taxes
The median property tax rate in Disputanta, VA is 0.71%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $260,500 in Disputanta, the typical annual property tax bill amounts to $1,850, falling well below the national median of $2,690. Property taxes in Disputanta are calculated based on the assessed value, which often comes in lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Disputanta'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 Disputanta or another part of the city, grasping 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
0.71%
Estimate Property Tax Bill
$1,850
$1,716
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Disputanta is 0.71%, lower than both the Virginia state median and 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 the highest median property tax rate of 0.71%, while the same zip code also has the lowest median tax rate of 0.71%. Understanding how these cities compare with Disputanta 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 Disputanta 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 Disputanta, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23842 | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
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 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 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. In Disputanta, the median home price is $260,500. The highest and lowest median tax bills are both found in zip code 23842, with a value of $1,850. The 25th percentile tax bill is $1,709, while the 75th percentile tax bill is $1,969, and the 90th percentile tax bill is $2,442.
Average Disputanta Assessed Value
$260,500
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 Disputanta, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23842 | $168,100 | $240,700 | $260,500 | $277,300 | $343,900 |
Source: Ownwell
Property Tax Bills Across Disputanta, Virginia
In Disputanta, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Disputanta, the median home price is $260,500, with property tax bills typically ranging from $1,709 at the 25th percentile to $1,969 at the 75th percentile. The highest median tax bill in the area is $1,850, which is notably lower than the national median property tax rate of 0.99%. Several factors influence the final property tax bill, including the property's assessed value, improvements made to the home, and any applicable exemptions or deductions. For homeowners, understanding these factors is crucial as they directly affect the annual financial obligation. Lower property tax rates can make homeownership more affordable, attracting potential buyers and contributing to the overall economic health of the community.
Average Disputanta Tax Bill
$1,850
Average Surry County Tax Bill
$1,371
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 | $1,194 | $1,709 | $1,850 | $1,969 | $2,442 |
Source: Ownwell