Gladstone, Amherst County, Virginia Property Taxes
Median Gladstone, VA effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Gladstone, VA home value: $97,000
Median annual Gladstone, VA tax bill: $583, $1,817 lower than the national median property tax bill of $2,400.
How are property taxes in Amherst calculated?
Property taxes in Gladstone, 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 Gladstone’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gladstone, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gladstone, Amherst County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$611
$567
Property Tax Rates Across Gladstone, Amherst County, Virginia
Local government entities determine tax rates, leading to significant variations within a state. This is because each county annually estimates its budgetary needs to provide essential services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Though votes and legislative measures play a role in setting these rates and budgets, this is the core of the annual process.
In Gladstone, located in Amherst County, Virginia, the effective property tax rate offers a unique perspective compared to other cities in the state. Virginia's median property tax rate is considerably lower than the national median of 1.02%, which is reflected in Gladstone's figures. This can be beneficial for property owners seeking to manage expenses. Understanding how Gladstone's rates compare to both state and national figures can offer valuable insights for property owners and prospective buyers. By navigating these variations, residents can make informed decisions about property investments and financial planning.
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 Gladstone Tax Rate
0.61%
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 Amherst County Tax Rate
0.61%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gladstone, Amherst County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24553 | 0.35% | 0.61% | 0.61% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Gladstone, Amherst County, Virginia
When examining property taxes in Gladstone, 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 Amherst 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 Amherst County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Gladstone.
For example, the median home price in Gladstone is $97,000, with tax bills ranging significantly across the county. Zip code 24553 has the highest median home price at $97,000.
Property Tax Assessment Values Across Gladstone, Amherst County, Virginia
Source: Ownwell
$77,450
$125,825
$174,200
Median Gladstone Market Value
$100,150
Median Amherst County Market Value
$131,100
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gladstone, Amherst County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24553 | $29,710 | $56,425 | $100,150 | $163,125 | $298,730 |
Source: Ownwell
Property Tax Bills Across Gladstone, Amherst County, Virginia
In Gladstone, VA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor's office, which evaluates the property's market value and applies the local assessment rate. Homeowners in Gladstone experience a median tax bill of approximately $583, significantly below the national median of $2,400. For those in the 25th percentile, tax bills can be as low as $308, while those in the 90th percentile might see bills up to $1,463. These variations highlight the impact of property values and local tax rates on the overall tax bill.
Homeowners may feel the burden of these taxes, especially when property values rise. This is where Ownwell can assist. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their assessed values, thus reducing their tax bills. With a thorough understanding of local tax codes and appeal processes, Ownwell can guide homeowners through the complexities of property tax assessments, ensuring they pay only their fair share.
Median Gladstone Tax Bill
$569
Median Amherst County Tax Bill
$773
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Gladstone, Amherst County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24553 | $146 | $302 | $569 | $911 | $1,395 |
Source: Ownwell