Troutville, Botetourt County, Virginia Property Taxes

Name: Property Tax Bills Across Troutville, Botetourt County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Troutville, VA effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Troutville, VA home value: $210,900
Median annual Troutville, VA tax bill: $1,618, $782 lower than the national median property tax bill of $2,400.

How are property taxes in Botetourt calculated?

Property taxes in Troutville, 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 Troutville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Troutville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Troutville, Botetourt County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.79%

Estimate Property Tax Bill

$1,666

$1,546

Ownwell’s Troutville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Troutville with just two data points. By entering your property's estimated assessed value, our calculator applies Troutville’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Botetourt. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Troutville, Botetourt County, Virginia

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Troutville in Botetourt County, Virginia, the effective property tax rate is 0.79%. This rate is consistent with both the highest and lowest median tax rates in the area, reflecting a uniformity in property taxation within the county. Compared to the national median property tax rate of 1.02%, Troutville’s rate is considerably lower, which can be appealing for property owners seeking to minimize their tax burden. Furthermore, the national median property tax bill stands at $2400, suggesting that property owners in Troutville may enjoy more affordable property tax bills relative to the national average. This advantageous tax rate could make Troutville an attractive place for potential property buyers and investors looking for cost-effective real estate opportunities.

Property Tax Rates Across Troutville, Botetourt County, Virginia

Source: Ownwell

0.79%

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 Troutville Tax Rate

0.79%

Median Effective Botetourt County Tax Rate

0.79%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Troutville, Botetourt County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24175	0.77%	0.79%	0.79%	0.79%	0.79%

Source: Ownwell

Property Tax Assessment Values Across Troutville, Botetourt County, Virginia

When examining property taxes in Troutville, 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 Botetourt 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. Assessment notices: In Botetourt County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Troutville. For example, the median home price in Troutville is $210,900, with tax bills ranging significantly across the county. Zip code 24175 has the highest median home price at $210,900.

Property Tax Assessment Values Across Troutville, Botetourt County, Virginia

Source: Ownwell

$83,700

$200,300

$316,900

Median Troutville Market Value

$210,900

Median Botetourt County Market Value

$201,400

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Troutville, Botetourt County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24175	$97,420	$149,650	$210,900	$292,200	$394,540

Source: Ownwell

Property Tax Bills Across Troutville, Botetourt County, Virginia

In Troutville, Botetourt County, VA, property tax bills are determined by the assessed value of a home, which is based on the market value. The local tax rate is then applied to this assessed value to calculate the tax bill. Factors such as market fluctuations and neighborhood changes can influence the assessed value, impacting the final tax bill. Homeowners in Troutville face a median property tax bill of $1,618, which is below the national median of $2,400. However, tax bills can vary significantly, with some homeowners paying as low as $1,099 and others as high as $3,006. These variations can pose challenges for homeowners trying to budget effectively. This is where Ownwell can assist. By offering expert property tax appeal and exemption services, Ownwell helps homeowners ensure they are not overpaying on their property taxes. With a deep understanding of local property tax regulations, Ownwell maximizes savings, providing peace of mind and financial relief for homeowners in Troutville.

Property Tax Bills Across Troutville, Botetourt County, Virginia

Source: Ownwell

$648

$1,576

$2,504

Median Troutville Tax Bill

$1,618

Median Botetourt County Tax Bill

$1,521

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Troutville, Botetourt County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24175	$618	$1,099	$1,618	$2,228	$3,006

Source: Ownwell