Arvonia, Buckingham County, Virginia Property Taxes
Median Arvonia, VA effective property tax rate: 0.55%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Arvonia, VA home value: $91,650
Median annual Arvonia, VA tax bill: $502, $1,898 lower than the national median property tax bill of $2,400.
How are property taxes in Buckingham County calculated?
Property taxes in Arvonia, 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 Arvonia’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Arvonia, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Arvonia, Buckingham County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.55%
Estimate Property Tax Bill
$504
$468
Property Tax Rates Across Arvonia, Buckingham County, Virginia
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates the budget required to provide services and divides it by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is essentially the annual process.
In Arvonia, located in Buckingham County, Virginia, the effective property tax rate is a reflection of this process. When comparing Arvonia's property tax rate to other cities in Virginia, it's worth noting that the median property tax rate in Virginia is lower than the national median of 1.02%. This indicates that property owners in Arvonia may benefit from relatively lower property tax rates compared to the national average. Understanding these rates can help property owners make informed decisions about their investments and financial planning. By staying informed about local property tax trends, homeowners can better navigate their financial responsibilities and potentially save money on their property tax bills.
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 Arvonia Tax Rate
0.55%
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 Buckingham County Tax Rate
0.55%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Arvonia, Buckingham County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23004 | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Arvonia, Buckingham County, Virginia
When examining property taxes in Arvonia, 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 Buckingham 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 Buckingham 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 Arvonia. For example, the median home price in Arvonia is $91,650, with tax bills ranging significantly across the county. Zip code 23004 has the highest median home price at $91,650.
Property Tax Assessment Values Across Arvonia, Buckingham County, Virginia
Source: Ownwell
$91,650
$124,825
$158,000
Median Arvonia Market Value
$91,650
Median Buckingham County Market Value
$107,100
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Arvonia, Buckingham County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23004 | $25,800 | $59,450 | $91,650 | $130,625 | $183,300 |
Source: Ownwell
Property Tax Bills Across Arvonia, Buckingham County, Virginia
Median Arvonia Tax Bill
$502
Median Buckingham County Tax Bill
$585
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Arvonia, Buckingham County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23004 | $142 | $322 | $502 | $718 | $1,008 |
Source: Ownwell