Sussex County, Virginia Property Taxes
The median property tax rate in Sussex County is 0.48%, which is significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Sussex County, the typical annual property tax bill reaches $480, considerably less than the national median of $2,690. Property taxes in Sussex County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Sussex County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Waverly or another part of Sussex County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sussex County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$495
$460
Ownwell’s Sussex Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Sussex with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Sussex 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 Sussex County, Virginia
Property taxes in Sussex County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Sussex County is 0.48%, which is lower than the U.S. national median of 0.99%. Local government entities within Sussex County set these rates annually, and they can vary significantly between different areas within the county. Each year, Sussex 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. The following data compares Sussex County's effective property tax rate with other counties in Virginia and the national median. For comparison, the city of Capron has one of the higher property tax rates in Virginia at 0.48%, while the city of Capron boasts one of the lowest at 0.48%. Analyzing how Sussex County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Sussex County Tax Rate
0.48%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sussex County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Capron | N/A | N/A | N/A | N/A | N/A |
| Carson | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Courtland | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Disputanta | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Emporia | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Jarratt | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Sedley | N/A | N/A | N/A | N/A | N/A |
| Stony Creek | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Wakefield | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Waverly | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Yale | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Sussex County, Virginia
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Sussex. 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 Sussex 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 Sussex 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, Capron has the highest median tax bill at $1,152, while Courtland has the lowest at $303. Being aware of these valuation processes in Sussex will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Sussex County Assessed Value
$103,200
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sussex County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Capron | N/A | N/A | N/A | N/A | N/A |
| Carson | $34,880 | $135,400 | $192,600 | $227,700 | $273,200 |
| Courtland | $19,100 | $41,650 | $63,200 | $112,650 | $241,400 |
| Disputanta | $37,420 | $107,050 | $181,300 | $248,750 | $360,960 |
| Emporia | $28,290 | $75,900 | $142,600 | $275,600 | $407,110 |
| Jarratt | $20,100 | $48,300 | $84,450 | $147,025 | $260,600 |
| Sedley | N/A | N/A | N/A | N/A | N/A |
| Stony Creek | $19,600 | $47,900 | $90,300 | $165,750 | $252,500 |
| Wakefield | $19,200 | $45,950 | $95,900 | $160,900 | $248,120 |
| Waverly | $22,800 | $58,400 | $102,800 | $174,400 | $279,020 |
| Yale | $25,980 | $56,400 | $118,600 | $195,300 | $360,840 |
Source: Ownwell
Property Tax Bills Across Sussex County, Virginia
In Sussex County, VA, property tax bills are calculated based on the assessed value of the home, which is determined by the county's property assessor. The tax rate is then applied to this assessed value to calculate the annual tax bill. Factors such as property size, location, and market conditions are considered during the assessment process. The median home price in Sussex County is $103,200, and the property tax bills vary significantly across different percentiles. Homeowners in the 25th percentile pay approximately $243 annually, while those in the 75th percentile pay around $855. At the 90th percentile, the tax bill can reach up to $1,346. Comparatively, the highest median tax bill in the county is in Capron, at $1,152, while Courtland has the lowest median tax bill at $303. These variations can significantly impact homeowners' finances, making property tax a crucial factor to consider when purchasing a home in Sussex County.
Average Sussex County Tax Bill
$480
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Sussex County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Capron | N/A | N/A | N/A | N/A | N/A |
| Carson | $142 | $408 | $892 | $1,034 | $1,210 |
| Courtland | $92 | $200 | $303 | $541 | $1,159 |
| Disputanta | $180 | $514 | $860 | $1,184 | $1,674 |
| Emporia | $136 | $364 | $684 | $1,323 | $1,954 |
| Jarratt | $72 | $204 | $402 | $699 | $1,206 |
| Sedley | N/A | N/A | N/A | N/A | N/A |
| Stony Creek | $91 | $204 | $406 | $758 | $1,154 |
| Wakefield | $89 | $209 | $452 | $758 | $1,174 |
| Waverly | $106 | $274 | $487 | $824 | $1,337 |
| Yale | $122 | $266 | $561 | $937 | $1,732 |
Source: Ownwell