Linden, Virginia Property Taxes
The median property tax rate in Linden, VA is 0.49%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $301,200 in Linden, the typical annual property tax bill amounts to $1,480, well below the national median of $2,690. Property taxes in Linden are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Linden'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 Linden 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
Linden, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$1,476
$1,370
Ownwell’s Linden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Linden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Linden 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 Linden, Virginia
Property taxes in Linden, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Linden is 0.49%, lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Linden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Linden 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 Linden's effective property tax rate to other counties in Virginia and the national median. For comparison, the 22642 zip code has the highest median property tax rate of 0.49%, while the 22642 zip code also has the lowest median tax rate of 0.49%. Understanding how these cities compare with Linden provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Linden Tax Rate
0.49%
Average Warren County Tax Rate
0.49%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Linden, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22642 | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Linden, Virginia
In Linden, 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 Warren 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 Linden, 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. The median home price in Linden is $301,200, with the 25th percentile tax bill at $1,173 and the 75th percentile at $1,873. Notably, the highest and lowest median tax bills are both $1,480 in zip code 22642. By understanding 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 Linden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Linden Assessed Value
$301,200
Average Warren County Assessed Value
$306,900
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Linden, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22642 | $172,540 | $238,800 | $301,200 | $380,600 | $510,760 |
Source: Ownwell
Property Tax Bills Across Linden, Virginia
In Linden, property tax bills are calculated based on the assessed value of a home, which is determined by the Warren County tax assessor. The assessed value is typically a percentage of the property's market value. For instance, a home with a median market price of $301,200 will have its tax bill calculated using this assessed value. The tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's location, size, and any improvements made to it. In Linden, homeowners can expect a median tax bill of $1,480, which aligns with the highest and lowest median tax bills in the area. This is relatively lower compared to the national median property tax rate of 0.99%. Homeowners in Linden paying within the 25th percentile can expect around $1,173, while those in the 75th percentile may see bills up to $1,873. The 90th percentile tax bill can go up to $2,538, affecting homeowners' annual budgeting and long-term financial planning.
Average Linden Tax Bill
$1,480
Average Warren County Tax Bill
$1,507
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Linden, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22642 | $846 | $1,173 | $1,480 | $1,873 | $2,538 |
Source: Ownwell