White Post, Warren County, Virginia Property Taxes
The median property tax rate in White Post, VA is 0.49%, considerably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in White Post, the typical annual property tax bill reaches $3,877, which exceeds the national median of $2,690. Property taxes in White Post 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 White Post'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 White Post 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
White Post, Warren County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$3,877
$3,597
Ownwell’s White Post Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in White Post with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in White Post 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 White Post, Warren County, Virginia
Property taxes in White Post, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in White Post is 0.49%, lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within White Post set these rates annually, and they can vary significantly across different neighborhoods. Each year, White Post 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 White Post's effective property tax rate to other counties in Virginia and the national median. For comparison, the 22663 zip code has the highest median property tax rate of 0.49%, while the same zip code also has the lowest median tax rate of 0.49%. Understanding how these cities compare with White Post 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 White Post 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 White Post, Warren County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22663 | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across White Post, Warren County, Virginia
In White Post, 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 local 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 White Post, 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 White Post helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $791,150, with the 25th percentile tax bill at $3,468 and the 75th percentile tax bill at $4,825. Notably, the zip code 22663 has the highest and lowest median tax bill, both at $3,877.
Property Tax Assessment Values Across White Post, Warren County, Virginia
Source: Ownwell
$300,600
$545,875
$791,150
Average White Post Assessed Value
$791,150
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 White Post, Warren County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22663 | $617,600 | $707,850 | $791,150 | $984,750 | $1,376,700 |
Source: Ownwell
Property Tax Bills Across White Post, Warren County, Virginia
In White Post, 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 property tax rate to determine the annual tax bill. For instance, homeowners in White Post typically see tax bills ranging from $3,468 at the 25th percentile to $4,825 at the 75th percentile, with the 90th percentile reaching up to $6,746. This means that if your property is assessed at the median home price of $791,150, you can expect your tax bill to be around these figures. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding how local rates stack up. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure, directly impacting the community. Therefore, understanding how your property tax bill is calculated can help you better manage your finances and anticipate annual expenses.
Average White Post Tax Bill
$3,877
Average Warren County Tax Bill
$1,507
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across White Post, Warren County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22663 | $3,026 | $3,468 | $3,877 | $4,825 | $6,746 |
Source: Ownwell