Scottsville, Albemarle County, Virginia Property Taxes
Median Scottsville, VA effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Scottsville, VA home value: $287,500
Median annual Scottsville, VA tax bill: $2,321, $79 lower than the national median property tax bill of $2,400.
How are property taxes in Albemarle County calculated?
Property taxes in Scottsville, VA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Scottsville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Scottsville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Scottsville, Albemarle County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.85%
Estimate Property Tax Bill
$2,444
$2,268
Property Tax Rates Across Scottsville, Albemarle County, Virginia
Local government entities set tax rates, which can vary widely within a state. This is because each year, counties estimate their required budget for services and divide it by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Scottsville, located in Albemarle County, Virginia, property tax rates reflect this localized budgeting approach. Scottsville’s effective property tax rate is 0.85%, which aligns with both the highest and lowest median tax rates found within the county's zip code 24590. When compared to the national median property tax rate of 1.02%, Scottsville’s rate is notably lower. This could be an appealing factor for property owners in the area, as it suggests a potentially lower tax burden compared to other regions.
While Scottsville's rate is consistent across its zip code, it’s important for property owners to remain informed about any changes in local tax rates and budgets, as these can directly impact their financial responsibilities.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Scottsville Tax Rate
0.85%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Albemarle County Tax Rate
0.85%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Scottsville, Albemarle County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24590 | 0.43% | 0.85% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Scottsville, Albemarle County, Virginia
When examining property taxes in Scottsville, VA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Albemarle County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Albemarle County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Scottsville.
For example, the median home price in Scottsville is $287,500, with tax bills ranging significantly across the county. Zip code 24590 has the highest median home price at $287,500.
Property Tax Assessment Values Across Scottsville, Albemarle County, Virginia
Source: Ownwell
$196,950
$442,825
$688,700
Median Scottsville Market Value
$287,500
Median Albemarle County Market Value
$433,600
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Scottsville, Albemarle County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24590 | $135,720 | $207,000 | $287,500 | $427,400 | $673,520 |
Source: Ownwell
Property Tax Bills Across Scottsville, Albemarle County, Virginia
In Scottsville, located in Albemarle County, VA, property tax bills are determined by assessing the property's market value and applying the local tax rate. With a median home price of $287,500, homeowners in Scottsville can expect their tax bills to vary significantly. The 25th percentile tax bill is approximately $1,647, while the 75th percentile reaches around $3,372, and the 90th percentile can be as high as $5,042. Comparatively, the national median property tax bill is $2,400, indicating that Scottsville's tax bills can be higher than the national average depending on the property's assessed value and the local tax rate.
Homeowners may find these tax obligations burdensome, especially if their property is assessed at the higher end of the scale. This is where Ownwell steps in to assist homeowners in potentially reducing their tax bills. By providing expert property tax appeal and exemption services, Ownwell helps ensure that homeowners in Scottsville are not overpaying on their property taxes, offering peace of mind and potential savings.
Median Scottsville Tax Bill
$2,321
Median Albemarle County Tax Bill
$3,602
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Scottsville, Albemarle County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24590 | $1,053 | $1,647 | $2,321 | $3,372 | $5,042 |
Source: Ownwell