Saint Paul, Virginia Property Taxes
The median property tax rate in Saint Paul, VA is 0.69%, considerably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Saint Paul at $77,850, the typical annual property tax bill reaches $516, significantly below the national median of $2,690. Property taxes in Saint Paul 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 Saint Paul'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 Saint Paul 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
Saint Paul, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$537
Ownwell’s Saint Paul Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Paul with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Paul 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 Saint Paul, Virginia
Property taxes in Saint Paul, Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Paul is 0.69%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Saint Paul set these rates annually, and they can vary across different neighborhoods. Each year, Saint Paul 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 Saint Paul's effective property tax rate to other areas in Virginia and the national median. For comparison, the zip code 24283 has the median property tax rate of 0.69%. Understanding how these cities compare with Saint Paul provides valuable insights into the varying tax landscape across Wise County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Paul Tax Rate
0.69%
Average Wise County Tax Rate
0.69%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Paul, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24283 | 0.65% | 0.69% | 0.69% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Saint Paul, Virginia
In Saint Paul, 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 Wise 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 Saint Paul, 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 Saint Paul helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Saint Paul is $77,850, with the highest median tax bill recorded at $516 in the 24283 zip code.
Average Saint Paul Assessed Value
$77,850
Average Wise County Assessed Value
$75,300
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Paul, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24283 | $36,190 | $53,725 | $77,850 | $115,450 | $164,440 |
Source: Ownwell
Property Tax Bills Across Saint Paul, Virginia
In Saint Paul, Wise County, VA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Saint Paul can expect a median property tax bill of approximately $516, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's location, size, and condition. For instance, homes in the 25th percentile of tax bills pay around $338, while those in the 75th percentile face bills closer to $771. Properties in the 90th percentile can see tax bills as high as $1108. These property taxes fund essential public services such as schools, emergency services, and infrastructure maintenance, directly impacting the community's quality of life. Lower property taxes can make homeownership more affordable, but they also mean less revenue for local services, which can affect their quality and availability.
Average Saint Paul Tax Bill
$516
Average Wise County Tax Bill
$501
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Paul, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24283 | $200 | $338 | $516 | $771 | $1,108 |
Source: Ownwell